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.
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