COLONIAL &lt;CLBGA> TO ACQUIRE PENSACOLA BANK

  Colonial BancGroup said it and
  The Liberty Bank of Pensacola, Fla., signed a letter of intent
  for Colonial to acquire Liberty.
      Terms of the acquisition were not dislcosed.
      Colonial said the acquisition was its first move toward
  acquiring and out-of-state bank under Alabama's regional
  interstate banking law.
      Liberty has total assets of 35 mln dlrs.
  

