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BARNETT SHAREHOLDERS APPROVE FIRST FLORIDA MERGER

 BARNETT SHAREHOLDERS APPROVE FIRST FLORIDA MERGER
 JACKSONVILLE, Fla., Sept. 18 /PRNewswire/ -- At a special meeting,


shareholders of Barnett Banks, Inc. (NYSE: BBI) today approved by a wide margin a merger with First Florida Banks, Inc. (NASDAQ-NMS: FFBK).
 The vote authorized Barnett to exchange 1.42 shares for each share of First Florida.
 The merger, announced on May 18 between Barnett, Florida's largest banking organization, and First Florida, the state's fifth-largest with $5.3 billion in assets, is now awaiting regulatory approval. The companies are targeting a December closing.
 "Both First Florida and Barnett shareholders have now approved the transaction, and the largest merger in Barnett history is on schedule," said Charles E. Rice, Barnett chairman and chief executive officer.
 With $32.4 billion in assets and 596 offices in Florida and Georgia, Barnett Banks, Inc. is the leading financial institution in Florida and the 18th-largest in the United States. Its stock (BBI) is listed on the New York Stock Exchange.
 -0- 9/18/92
 /CONTACT: Bob Stickler (media), 904-791-5437 (office) or 904-396-9284 (home); or Helen Rowan (analysts) 904-791-7627 (office) or 904-272-6915 (home), both of Barnett Banks, Inc./
 (BBI FFBK) CO: Barnett Banks, Inc.; First Florida Banks, Inc. ST: Florida IN: FIN SU: TNM


JB-AW -- FL010 -- 1058 09/18/92 11:07 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
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