A recent price build-up for Texas banks hit a bump Wednesday when PlainsCapital in Dallas agreed to sell for slightly more than book value.

Texas banks are leading the nation, with many deals nearing two times book value, making PlainsCapital's decision to sell to Hilltop Holdings for 1.3x tangible book stand out. Industry observers say the deal is unlikely to permanently stall pricing momentum in Texas, but it could cause some short-term uncertainty for aspiring sellers.

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