Patriot Bancshares Inc. in Houston has canceled its deal to buy the $497 million-asset Texas Community Bank in The Woodlands, Texas, the Houston Business Journal reported Friday.
The $1.1 billion-asset Patriot did not cite a reason and could not be reached.
Patriot had announced its agreement with Texas Community in September.
Though the price was not disclosed, the deal had been touted as the largest to be announced in the state this year.
Patriot would have added six branches in the Houston area and nearly doubled its asset size.
The company withdrew its acquisition application from the Texas Department of Banking on Nov. 20, the report said.
