X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.