Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

The companies did not disclose a price for the deal, which is expected to close in the fourth quarter.

Signature is the holding company for the $116 million-asset Signature Bank, which is expected to operate as an independent unit with its own board. The $1.6 billion-asset Happy Bancshares has 28 branches in Amarillo, Texas, and surrounding areas in the northern part of the state.

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