Compass Bancshares has agreed to buy Hartland Bank NA of Austin, Tex., for $85 million in cash.

Hartland, a $294 million-asset bank, has six locations in the Austin area. The deal, which is scheduled to close in the fourth quarter, would give Compass 19 branches in Texas.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.