Compass Bancshares of Birmingham, Ala., which has been hot on the bank acquisition trail throughout the Sunbelt, is reportedly about to buy its first insurance agency.

A deal is near with Texas Insurance Agency, a 22-year-old San Antonio company that has 120 employees, according to a report in the San Antonio Business Journal. Compass, which has $18.9 billion of assets, got into Texas in the mid-1990s with several bank acquisitions.

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