FVNB Corp. of Victoria, Tex., said it has a deal to buy CBOT Financial Corp. of New Waverly, Tex., for an undisclosed amount.

FVNB, the $520 million-asset holding company for First Victoria National Bank, would acquire CBOT's subsidiaries, $80 million-asset Citizens Bank of Texas and CBOT Mortgage Co. The deal, FVNB's first since it became a holding company in September, is expected to close in the fourth quarter or early next year.

David M. Gaddis, president and chief executive officer of FVNB, said FVNB is buying CBOT because it would give his company a chance to expand its market area beyond the three communities it serves southeast of San Antonio, near the Gulf Coast. Citizens has three branches in towns north of Houston.

-Laura Pavlenko Lutton

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