Wells Fargo & Co. has agreed to buy Texas Bancshares
The deal, announced May 28, would provide Wells with about $388 million
Analysts said the San Antonio area is attractive because of its size and
Additionally, Texas is an attractive market for large regionals such as
"Texas is a high-priority market, but it's a perishable opportunity,"
"It's still very fragmented, but it won't stay fragmented forever."
The former Norwest Corp., which merged with Wells Fargo in November,
Texas Bancshares is the holding company for First National Bank of South
"The community banking culture and philosophy of the banks owned by
The deal is expected to close in the fourth quarter.