Norwest Corp. has agreed to buy First United Bank Group Inc. in a stock swap valued at $495 million. The deal will expand Minneapolis-based Norwest's 13-state bank network into New Mexico and Texas. First United, based in Albuquerque, has $3.8 billion of assets, including pending acquisitions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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