HOUSTON-Whitney Holding Corp. has agreed to acquire American Bank of Houston, in a stock swap deal valued at $63 million. The deal is expected to be sealed in early 2001.

DENVER-Denver Academy is paying slightly more than $6 million for the 21-acre campus of the former Bethesda Hospital at 4400 E. Iliff Ave. in southeast Denver. The property has been vacant for two years.

JERSEY CITY, NJ-The latest of Lefrak's Newport residential towers brings the community to 4,000 rentals and condos, and they're virtually sold out.

WALLA WALLA, WA-The bank holding company is gearing up for its reorganization and consolidation into two state-chartered commercial banks. The new name under which its subsidiaries will operate is not yet known.