In Brief: Bank's Deal to Double Assets in Nearby Town

First Bank is expanding its presence northwest of Houston with its planned acquisition of Security State Bank in Navasota.

The deal, which will combine the Katy bank's $20 million in assets at its existing Navasota branch with Security's $29 million, will better enable it to compete with $40 million-asset Bank of Navasota.

The deal is expected to close late in the first quarter.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER