COLONIAL BANCGROUP <CLBGA> BUYS FARMERS
  Colonial BancGroup said it
  acquired Farmers and Merchants Bank, a Baldwin County bank with
  assets of 103 mln dlrs, through an exchange of stock valued at
  about 12 mln dlrs.
      Colonial said it also signed letters of intent to acquire
  First Federal Bank in Opelika, Athens-Limestone Bank in Athens,
  Jackson County Bank in Scottsboro and Commercial National Bank
  in Demopolis, with aggregate assets totaling 130 mln dlrs.