BIRMINGHAM, Ala. -- Compass Bancshares has signed a definitive agreement to purchase the $77 million-asset Security Bank of Houston.

Compass said the acquisition would increase its assets in Texas to nearly $2 billion and the number of bank locations by three to 39. Security would be merged into Compass Bancshares' subsidiary, Compass Bank-Houston. Security has $69 million of deposits and $6 million of capital, the company said.

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