Post Oak Bank, State Bank of Texas to merge

Houston Chronicle - - BUSINESS -

Hous­ton-based Post Oak Bancshares an­nounced Fri­day that it is ac­quir­ing the State Bank of Texas, also based in Hous­ton, in a stock and cash trans­ac­tion.

The deal is ex­pected to close in the first quar­ter and will merge the State Bank of Texas, with $173 mil­lion in as­sets and two branches, into Post Oak Bank, which is the wholly owned sub­sidiary of Post Oak Bancshares.

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