HOUSTON - Enterprise Bank-Houston said shareholders approved the sale of 100% of its stock to Sterling Bancshares for $15 million.

Enterprise said Howard T. Tellepsen would continue as its chairman and M. Dale McGill would remain president and chief executive after the sale.

The bank said the proposal was subject to regulatory approval.

As reported earlier, Enterprise has $140 million in assets and Sterling Bancshares reported total assets of $301.7 million as of June 30.

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