A $417 million-asset Houston bank holding company said Friday that it has been working with an investment adviser to pursue a possible sale.

CNBT Bancshares Inc. confirmed that it received an overture this year from a larger bank. That prompted it to hire Alex Sheshunoff & Co. Investment Banking of Austin, Tex., to search for other prospective buyers.

Before the announcement, CNBT's stock rose on rumors that it was about to be sold. It was trading at $14.56 midday Friday, against $9 in late April.

Since hiring Sheshunoff, CNBT has received inquiries from "a number of interested parties," said CNBT president Ralph Williams.

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