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SUNBANK TO ACQUIRE PONTE VEDRA BANKING CORPORATION
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PR Newswire
- Article date:
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July 18, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACKSONVILLE, Fla., July 18 /PRNewswire/ -- SunTrust Banks (NYSE: STI), a regional bank holding company based in Atlanta, and Ponte Vedra Banking Corporation, Ponte Vedra Beach, Florida, have announced an agreement in principle providing for SunTrust to acquire Ponte Vedra Banking Corporation. The agreement is subject to the completion of due diligence and the preparation of a final definitive agreement.
Ponte Vedra Banking Corporation is an $87 million asset institution with one bank, Ponte Vedra National Bank, that serves the area through its four offices in the growing Ponte Vedra, Jacksonville and Atlantic beaches communities. Following the acquisition, Ponte Vedra ...
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