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Article: The South Financial Group to Acquire Gulf West Banks; Expand Into Greater Tampa Bay Area.
- Article from:
- PR Newswire
- Article date:
- March 21, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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GREENVILLE, S.C., March 21/PRNewswire-FirstCall/ --
The South Financial Group, Inc. today announced a definitive agreement to acquire Gulf West Banks, Inc. in a stock and cash transaction currently valued at approximately $115 million. Gulf West operates 15 branches in greater Tampa and St. Petersburg, Florida through its subsidiary, Mercantile Bank.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000424/TSFGLOGO )
The South Financial Group will merge Mercantile Bank into its Florida banking subsidiary and add approximately $516 million in assets and banking offices in Apollo Beach, Brandon, Clearwater, Largo, New Port Richey, Port Richey, St. ...