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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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April 1, 1997
Date of Report (Date of Earliest Event Reported)
BARNETT BANKS, INC.
(Exact Name of Registrant as Specified in Charter)
Florida 1-7901 59-0560515
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
50 North Laura Street
Jacksonville, Florida
(Address of Principal Executive Offices)
32202
(Zip Code)
(904) 791-7720
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS
On April 1, 1997, Barnett Banks, Inc., a Florida corporation (the
"Registrant"), announced that it had completed its previously announced
acquisition of Oxford Resources Corp. Under the terms of the transaction,
Oxford shareholders received 0.9085 shares of Barnett common stock for each
share of Oxford Common stock.
The press release issued by the Registrant with respect to the
announcement of the transaction described herein is attached hereto as
Exhibit 99 and is hereby incorporated herein by reference in its entirety.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of the Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
99 Press Release dated April 1, 1997.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
BARNETT BANKS, INC.
By: /s/ Gregory M. Delaney
Name: Gregory M. Delaney
Title: Controller
Date: April 7, 1997
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[BARNETT LOGO]
BARNETT BANKS, INC.
For further information:
MEDIA ANALYSIS
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David Palombi John Glover
791-5013-office 791-7627-office
363-3101-home 346-0253-home
Area Code 904 Area Code 904
FOR IMMEDIATE RELEASE
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April 1, 1997
BARNETT COMPLETES ACQUISITION OF OXFORD RESOURCES
JACKSONVILLE, Fla. -- Barnett Banks, Inc. today completed the
acquisition of Oxford Resources Corp., the nation's largest independent
automobile leasing company. Under the terms of the transaction, Oxford
shareholders received 0.9085 shares of Barnett common stock for each share of
Oxford common stock in a tax-free exchange.
Oxford, based in Melville, N.Y., provides leases and loans for new and
used automobiles through more than 2,000 auto dealers in 21 states across the
country. Through its national dealer network, Oxford's total lease and loan
originations in 1996 totaled approximately $1 billion.
With more than $40 billion in assets, Barnett Banks, Inc. is the leading
financial institution in Florida and ranked in the top 25 in the United
States. The company provides a complete line of banking and related financial
services to consumers and businesses. Barnett stock (BBI) is listed on the
New York Stock Exchange.
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