Texas Regional Bancshares in McAllen said it is has a preliminary agreement to buy Harlingen Bancshares for $34 million in cash.

The purchase would make Texas Regional second in Cameron County deposits and strengthen its top position in the Rio Grande Valley, the company said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.