ATICO FINANCIAL &lt;ATFC> TO MAKE ACQUISITION

  Atico Financial Corp said it has executed
  a definitive agreement to acquire 93.5 pct of Intercontinental
  Bank of Dade County, Fla., from Intercontinental Bank Holding
  Co for an undisclosed amount of cash and common stock.
      It said closing is subject to regulatory approval.
      Atico said in connection with the acquisition it will apply
  to become a registered bank holding company and convert its 99
  npct owned Atico Savings Bank subsidiary to a state-chartered
  commercial bank.
      Intercontinental had year-end assets of about 487 mln dlrs.
      Atico had year-end assets of about 534 mln dlrs.
  

