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First Commerce receives approvals for merger with Central.


NEW ORLEANS--(BUSINESS WIRE)--Sept. 28, 1995--First Commerce Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
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) announced today that all approvals have been received for its merger with Central Corporation of Monroe Monroe.

1 Industrial city (1990 pop. 54,909), seat of Ouachita parish, SE La., on the Ouachita River; founded c.1785, inc. as a city 1900. The center of the great Monroe Natural Gas Field (discovered 1915), it has important chemical plants, as well as
.

Shareholders of First Commerce and Central approved the merger on September 18. Regulatory approvals were received on September 25.

First Commerce expects to complete the merger with Central on October 20, 1995. Instructions will be mailed to shareholders for exchanging their stock certificates shortly following the completion date.

First Commerce has one additional merger pending with Peoples Bancshares, Inc. in Chalmette, which is expected to be completed on October 2, 1995. Following the completion of the Central and Peoples mergers, First Commerce will have total assets of $8.2 billion and deposits of $6.8 billion.

CONTACT: First Commerce Corp., New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded  

Michael A. Flick, 504/561-1492

Holly E. Hobson, 504/582-2917
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Publication:Business Wire
Date:Sep 28, 1995
Words:139
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