International Bancshares Corp. in Laredo, Tex., has a deal to buy the $129 million-asset Southwest First Community Inc. in Beeville.
Processing Content
The acquisition would bring International Bancshares, a multibank holding company with $10.7 billion of assets, into two new markets in south Texas. It did not say how much it would pay.
Southwest is the holding company for State Bank and Trust in Beeville and Commercial State Bank in Sinton. Its four offices would be added to International Bancshares’ network of more than 200 in Texas and Oklahoma.
The deal, announced Dec. 1, is expected to close next quarter.
