X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Whitney Holding Corp. has agreed to acquire American Bank of Houston, in a stock swap deal valued at $63 million.

The American Bank, which has approximately $280 million in assets, operates seven banks in the Houston area. The transaction, which requires approval by American Bank shareholders and federal banking regulators, is expected to be completed in early 2001.

Whitney National Bank is the principal subsidiary of Whitney Holding, a New Orleans-based firm. Whitney has 118 banks along the Gulf Coast, stretching from the Florida Panhandle to Houston. Whitney also has two other acquisitions in the works: the Alabama-based Prattville Financial Services Corp. and its Bank of Prattville subsidiary, and the First National Bank of Gonzales, LA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.