WSB Bancshares in Wellington, Texas, has agreed to buy XIT Bancshares in Littlefield, Texas.

The $241 million-asset WSB did not disclosed the price it will pay for the $118 million-asset XIT. The deal is expected to close by the end of this year.

The acquisition would be the first for WSB since 1994, when it bought First National Bank of Wheeler.

WSB has six branches in the Texas communities of Wellington, Wheeler, Canadian, Childress, Memphis and Bowie. XIT has a total of three branches in Littlefield, Lubbock and Olton.

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