In Briefs: Missouri Thrift Has Pact To Buy Texas Heritage

Jefferson Savings Bancorp has signed a definitive agreement to acquire Texas Heritage Savings Association/Banc, in Rowlett, Tex. The cash and stock deal is expected to be completed during the fourth quarter and is subject to regulatory and shareholder approval.

The $1.1 billion-asset Missouri thrift has 10 branches in the St. Louis area and 12 in northeast Texas. Texas Heritage has $68 million of assets and four branches.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER