Family Bancorp Inc., a new holding company in Houston, has agreed to buy the $49 million-asset First National Bank of Refugio, the San Antonio Business Journal reported Thursday.
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The deal, which would be Family Bancorp's first acquisition, is expected to close in the first quarter. The price was not disclosed.
Family Bancorp is led by Kenneth Koncaba, a former president and chief operating officer of FC Holdings Inc. of Houston.
Samco Capital Advisors is assisting Family Bancorp with its initial capital offering. A portion of the proceeds would be used to fund the acquisition.
