Fifth Third completes acquisition in Atlanta area

By Associated Press May 5, 2008 Comments (0)

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Fifth Third Bancorp has completed its purchase of nine branch offices in the Atlanta area from First Horizon National Corp. of Memphis, Tenn.

The Cincinnati-based bank reached agreement in March to complete the stalled purchase, first announced in September. Under terms that were worked out, Fifth Third has assumed branch deposits, and First Horizon retained all loans.

Fifth Third said the deal was finalized on Monday.

Fifth Third Bancorp operates 18 affiliates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri and Georgia.

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