Houston-area bank goes shopping in Beeville

Spirit of Texas Bancshares Inc., the Houston-area holding company of Spirit of Texas Bank, recently acquired South Texas-based First Beeville Financial Corp., which does business as The First National Bank of Beeville.

Spirit of Texas Bank (Nasdaq: STXB) is expected to have the Beeville bank legally converted by the middle of August. The move gives the Conroe-based bank access to San Antonio and Corpus Christi.

The deal was worth $63.7 million in cash and stock, involving about 1.6 million shares…

Original published: 2019-04-10 20:00:44 Read the full San Antonio News here

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