Bank United Corp. signed an agreement Wednesday to buy Midland American Bancshares for an undisclosed amount.

The acquisition is expected to close in early 1999, upon regulatory approval. With this acquisition, Bank United would enter the West Texas market for the first time.

Earlier this year Bank United bought the deposits and branches of Houston-based Guardian Savings.

Bank United is the largest depository institution headquartered in Texas, and has assets of $13.1 billion.

Midland American Bancshares, parent of Midland American Bank, is a commercial bank with assets of $229 million.

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