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US Bank plans to sell three Texas banks
Thursday, November 26, 2009 9:54 AM


(Source: Datamonitor)trackingUS Bank has announced that it is seeking buyers for the three Texas banks, Citizens National Bank of Teague, Madisonville State Bank of Madisonville and North Houston Bank of Houston, recently acquired from the Federal Deposit Insurance Corporation as part of the acquisition of the banking subsidiaries of FBOP Corporation of Oak Park, Illinois.

The three Texas banks were acquired in October 2009, along with six other banks in California, Illinois and Arizona, which will remain a part of the US Bank franchise.

US Bank said that it will have no retail locations in Texas following the sale of these three banks. The sales are expected to be completed early in the second quarter of 2010.

A service of YellowBrix, Inc.



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