In Brief: Texas Banking Companies Announce Deal

Houston's Prosperity Bancshares announced a deal to buy South Texas Bancshares of Beeville, Tex., for an undisclosed price.

Prosperity, which has $436 million of assets, operates 12 branches in the Houston metropolitan area. This deal, expected to be completed by yearend, would extend Prosperity south into the greater Corpus Christi market, where South Texas has four branches.

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