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Article: Compass continues Jacksonville, Fla. expansion.
- Article from:
- Business Wire
- Article date:
- August 5, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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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BIRMINGHAM, Ala.--(BUSINESS WIRE)--Aug. 5, 1996--With its sights set on continued expansion in the attractive Jacksonville, Florida market, Compass Bancshares, Inc. today announced that it will acquire Enterprise National Bank in that city.
Enterprise brings three prime locations in Jacksonville to Compass along with $161 million in assets, $143 million in deposits and $12.1 million in capital.
Under terms of the agreement, Compass will exchange up to 1.1 million shares of its common stock for all of the outstanding shares of common stock, warrants and options to purchase common stock of Enterprise National Bank. The acquisition price represents approximately ...