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FLORIDA ATTORNEY GENERAL CLEARS FIRST FLORIDA MERGER

 TAMPA, Fla., Nov. 19 ~PRNewswire~ -- Florida Attorney General Robert A. Butterworth has informed Barnett Banks, Inc. (NYSE: BBI) of Jacksonville that his office "contemplates no impediments to the completion of the merger" with First Florida Banks, Inc. (NASDAQ-NMS: FFBK).
 Although no further approvals are required for the merger, the Federal Reserve Board approval on Oct. 28 was conditioned on certain divestiture obligations. Negotiations are underway to satisfy these requirements as soon as possible.
 With $32.6 billion in assets and 596 offices in Florida and Georgia, Barnett Banks, Inc. is Florida's leading financial institution and the 19th-largest banking company in the United States. Its stock (BBI) is listed on the New York Stock Exchange.
 First Florida Banks, Inc. has $5.5 billion in assets and operates in 20 counties throughout central and western Florida.
 -0- 11~19~92
 ~CONTACT: Jerri Franz, corporate communications manager of First Florida Banks, Inc., 813-224-1972~
 (BBI FFBK)


CO: Barnett Banks, Inc.; First Florida Banks, Inc. ST: Florida IN: FIN SU: TNM

JJ-SS -- FL018 -- 3117 11~19~92 16:54 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:175
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