BANKING

NationsBank to Buy Florida’s Largest Thrift: NationsBank Corp. said it agreed to buy Miami-based CSF Holdings Inc., the parent of Citizens Federal Bank, for $516 million in cash, or about $39.50 a share. The announcement came a week after NationsBank, the country’s fourth-largest commercial bank holding company, agreed to acquire Intercontinental Bank of Miami for $208 million in stock. If the two Florida acquisitions are completed, which is expected by the end of the year, Charlotte, N. C.-based NationsBank, which already has total assets of $184 billion and banking operations in nine states, would become the third-largest U.S. bank holding company, based on assets. NationsBank said its purchase of Citizens Federal will give it 40 more branch offices in Florida and an additional $4 billion in assets and $3 billion in deposits.