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Report On PNC Interest In Florida Sends Regions, BankAtlantic Up
By David Benoit
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--A report that PNC Financial Services Group Inc. (PNC) was looking to expand its Florida presence sent shares of Regions Financial Corp. (RF) and BankAtlantic Bancorp (BBX) higher Wednesday.
The Florida Business Journal, citing unnamed industry sources, said Pittsburgh-based PNC is in talks with Alabama-based Regions and is "considering a deal" with Fort Lauderdale, Fla.-based BankAtlantic
Company website:
http://www.bankatlanticbancorp.com/
It provides traditional retail banking services and a range of business banking products and related financial services through a network of 100 branches or stores in southeast Florida and the Tampa Bay area in the metropolitan areas surrounding the cities of Miami, Ft. Lauderdale, West Palm Beach and Tampa, which are located in the heavily-populated Florida counties of Miami-Dade, Broward, Palm Beach, Hillsborough and Pinellas.
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Wednesday, December 15, 2010
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