Community Trust Bank in Ruston, La., has bought four branches in Houston from Hancock Holding in Gulfport, Miss.
The $3.7 billion-asset Community Trust said in a press release that it will also add $106 million in deposits and $15 million in loans. The company did not disclose the price it paid.
Hancock agreed in October to sell the branches to Community Trust.
"We are proud to continue our strategic expansion into Houston with the addition of these banking centers," Drake Mills, Community Trust's chief executive, said in the release. "This acquisition not only shows our ongoing commitment to both the business community and local economy, but also allows us to accelerate our growth strategy in Texas."
Community Trust has 41 branches in Louisiana, Mississippi and Texas.