HOUSTON - Coastal Bancorp's subsidiary, Coastal Banc, completed its acquisition of eight branches and $151 million of deposits from Texas Trust Savings Bank.

The deal is one of the few nongovernmental transactions undertaken by Coastal, which in recent years has built a 26-branch network in south Texas by buying deposits and branches of failed thrifts.

"The addition of these branches represents a central element in our strategy to expand our market presence in small to midsize cities," said Coastal chief executive Manuel J. Mehos.

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