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Article: Texas Regional Bancshares, Inc. to Acquire Corpus Christi Bancshares, Inc.
- Article from:
- PR Newswire
- Article date:
- October 10, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Texas Regional Bancshares, Inc. ("Texas Regional") today announced the completion of a definitive agreement for Texas Regional to acquire through merger Corpus Christi Bancshares, Inc. ("Corpus Christi Bancshares"). Corpus Christi Bancshares is the privately held bank holding company for The First State Bank of Bishop ("First State Bank"), located at 203 East Main Street, Bishop, Texas with one additional banking location in Corpus Christi, Texas. As of June 30, 2002, Corpus Christi Bancshares had total assets of $35.4 million, loans of $21.2 million, deposits of $30.9 million and shareholders' equity of $2.7 million.
The definitive agreement calls for the ...