The newly formed First Texas BHC Inc. in Fort Worth announced Wednesday that it has a deal acquire the $300 million-asset Southwest Bank of Fort Worth.
First Texas did not say how much it would pay.
The deal is the second First Texas has announced this year. In January it said it would acquire the $53 million-asset Community Bank of Texas in Grand Prairie. That deal is expected to close late next month. The deal for Southwest is expected to close in the third quarter.
Vernon Bryant, First Texas' chairman and chief executive officer, was the CEO of the $1.8 billion-asset TexasBank when it was sold itself to Compass Bancshares Inc. in April for $464 million. Mr. Bryant left a few months later and formed First Texas late last year.
First Texas plans to combine the two banks it is acquiring under the Southwest name, it said.
