Heritage Bancorp in Pearland, Texas, has agreed to buy Nixon State Bank in Nixon, Texas.

Heritage said in a press release Monday that it expects to complete the deal by June 30. The price was not disclosed.

The $109 million-asset Heritage will gain two branches, doubling its total branch network. After the merger is complete, Nixon President and Chief Executive Brad Akin will become Heritage's market president, overseeing his bank's former branches.

Nixon, founded in 1906, has $75.7 million in assets.

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