Hibernia Corp. said Tuesday that it would buy the Beaumont, Tex., operations of Chase Bank Texas for $87 million in cash.

The deal would bring the $13.3 billion-asset Louisiana banking company $452 million of deposits, $172 million in loans, and $1.3 billion of trust assets under management.

Daniel Hallmark, chairman and chief executive officer of the Beaumont operation, is to join Hibernia in a similar role.

With this deal and a pending agreement to buy $320 million-asset Martex Bancshares in Marshall, Tex., Hibernia would have 38 branches in the state. Both deals are scheduled to close in the first quarter.

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