HOUSTON-Southwest Bancorporation of Texas Inc. is agreeing to purchase Citizens Bankers Inc. of Houston for approximately $130 million. The merger is expected to close in late fourth quarter 2000 or early first quarter 2001.

Citizens is a multi-bank holding company serving the Houston area since 1920. Citizens’ subsidiary banks have a total of seven offices.

As of Sept. 30, Citizens had total assets of $425 million, loans of $131 million, deposits of $374 million and shareholders’ equity of $43 million. The combination of Southwest and Citizens will form a financial institution with approximately $3.69 billion in assets and 33 branches. The merger is subject to the approval of Citizens’ shareholders and banking regulators.

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