Article: San Antonuio-Based Cullen/Frost to buy Corpus Christi Properties.(Originated from San Antonio Express-News)

Oct. 2--San Antonio-based Cullen/Frost Bankers Inc. plans to acquire Corpus Christi Bancshares Inc. and its subsidiary, Citizens State Bank of Corpus Christi, in a deal valued at about $33 million, both bank holding companies announced.

Cullen/Frost will pay a cash price of $18.84 per outstanding share of Corpus Christi Bancshares' stock, officials said.

Shares of Corpus Christi Bancshares soared 1 on the news, as the stock closed at 17 Tuesday in trading on the American Stock Exchange. Shares of Cullen/Frost Bankers rose to close at 30 in over-the-counter trading on the Nasdaq national market.

Citizens State Bank, based in Corpus ...

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