Vantage Bancorp in San Antonio has agreed to buy Medina Bankshares in D'Hanis, Texas.

The $328 million-asset Vantage said the deal would strengthen its position around San Antonio. D'Hanis State Bank, a unit of the $47 million-asset Medina, has two branches roughly 50 miles west of the city.

A purchase price was not disclosed. The deal is expected to close by the end of this year.

"Our combined banks will better allow D'Hanis State Bank to serve and grow in Medina County," Guy Bodine, Vantage's president and chief executive, said in a press release Wednesday.

This is the first acquisition for Vantage, which was formed in 1923 as First National Bank of Refugio. The bank moved its headquarters last year to San Antonio from Refugio, Texas, a town of 3,000 located just north of Corpus Christi.

Vantage has five branches in San Antonio and along the Mexican border.

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