A Houston community bank company announced a deal last week that would boost its presence in its home county.

Woodforest Bancshares, parent of $500 million-asset Woodforest National Bank, said it would buy Highlands (Texas) State Bank for an undisclosed sum. Highlands has with $75 million of assets.

Woodforest already has nine branches in Harris County, and acquiring Highlands would give it three more. Woodforest also has 11 locations in neighboring Montgomery County.

The deal is expected to be closed by the end of the second quarter.

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