Houston-area grows North Texas presence through acquisition

Conroe-based Spirit of Texas Bancshares Inc. (Nasdaq: STXB), the bank holding company for Spirit of Texas Bank SSB, will acquire a bank headquartered in North Central Texas, according to a July 19 press release. 

Spirit of Texas, which just went public two months ago, will acquire Comanche National Corporation and its subsidiary, Comanche National Bank, in a cash-and-stock deal valued at about $55.9 million. That consists of more than 2.14 million shares of STXB, which closed at $20.36 per share…

[source: http://feeds.bizjournals.com/~r/bizj_dallas/~3/4KEaE3ZhS2M/houston-area-grows-north-texas-presence-through.html]

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