In Brief: Coastal of Houston Agrees to Sell Branch

Coastal Bancorp has executed a definitive agreement to sell its San Angelo location, which has $16 million of deposits, to a subsidiary of Independent Bankshares, Abilene.

The thrift had acquired the San Angelo office in its December 1994 acquisition of Texas Trust Savings Bank. Coastal is the holding company for Coastal Bank, which operates 40 branches in central and south Texas.

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