Compass Bancshares of Birmingham, Ala., has emerged as the leading candidate to buy the deposits and most of the assets of Pacific Southwest Bank in Corpus Christi, Tex.

Pacific, a privately held $1.2 billion-asset company, had been negotiating with International Bancshares of Laredo, Tex., but those talks broke off late last month, according to both companies. Neither company would be specific about why the talks ended.

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