The American Bank, which has approximately $280 million inassets, operates seven banks in the Houston area. The transaction,which requires approval by American Bank shareholders and federalbanking regulators, is expected to be completed in early 2001.
Whitney National Bank is the principal subsidiary of WhitneyHolding, a New Orleans-based firm. Whitney has 118 banks along theGulf Coast, stretching from the Florida Panhandle to Houston.Whitney also has two other acquisitions in the works: theAlabama-based Prattville Financial Services Corp. and its Bank ofPrattville subsidiary, and the First National Bank of Gonzales,LA.
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