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First Alabama proposes $100-million offering

First Alabama Bancshares Inc. said it plans to raise up to $100-million, possibly to acquire other financial institutions, through the sale of unsecured notes, debentures, bonds and other obligations.

The banking company, based in Montgomery, has $6.7-billion in assets.

It operates banks on Florida's Panhandle with assets of $295-million.

The company's plans were disclosed in a registration statement filed with the Securities and Exchange Commission.

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