A subsidiary of Frost National Bank said Thursday that it intends to buy Professional Insurance Agents Inc., Victoria, Tex. Terms of the deal were not disclosed.

The acquisition will allow Frost National, which is owned by $6.9 billion-asset Cullen/Frost Bankers Inc., to expand its year-old line of insurance products.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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