In Brief: Texas Bank Buying Office from Norwest Target

First Prosperity Bank announced it plans to purchase the assets and assume the liabilities of Victoria Bank and Trust Co.'s branch in Bay City.

The El Campo-based company said the branch must be sold to comply with Federal Reserve Board conditions for the pending acquisition of Victoria by Norwest Corp.

The agreement between Victoria and $220 million-asset First Prosperity is contingent upon the Norwest deal's completion.

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