The estimated value of the stock-swap deal is $170 million.
The Fort Lauderdale-based diversified banking and real estateservices operation would quickly gain a firmer foothold in thefast-growing Treasure Coast counties of Indian River, St. Lucie,Martin and Palm Beach by offering shareholders in the North PalmBeach-based bank holding company $19 per common share.
By acquiring the assets of Community Savings, the BankAtlanticbanking operation would become the largest Florida-based financialinstitution, with anticipated assets of $5.7 billion, $3.1 billionin deposits and 82 branch operations.
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