Compass Bancshares said it has agreed to acquire Central Texas Bancorp and its subsidiary, Texas National Bank of Waco, for an undisclosed sum.

Central Texas has two offices in Waco, with $213 million of assets and $192 million of deposits.

The deal, which would mark Compass' first entry in the Waco region, is expected to close in the second quarter.

"Waco is an important strategic market for Compass because of its location and growing economy," said D. Paul Jones Jr., Compass' chairman and chief executive officer.

Compass has a $5.1 billion-asset franchise in Texas, with offices in the greater Houston, Dallas, Austin, and San Antonio areas.

Once all pending acquisitions and offices under construction are completed, Compass will have 104 bank branches in Texas.

Compass has $11.8 billion of assets and 220 offices in Alabama, Texas, and Florida.

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