AUSTIN, Texas, Aug. 5 /PRNewswire/ -- It was announced today that First
Victoria National Bank and the Frost National Bank have entered into an
agreement for First Victoria National Bank to acquire the Taft, Texas branch
of Frost National Bank. The transaction is subject to regulatory approval and
is expected to be completed in the fourth quarter of 1997. According to David
M. Gaddis, President and Chief Executive Officer of First Victoria National
Bank, the bank will be serving agriculture businesses in the area as well as
providing quality financial services to all of San Patricio County, and
surrounding counties. In addition to deposit and lending services, First
Victoria National Bank provides a full range of trust and investment services
to customers in South Texas.
Established in 1867, First Victoria National Bank is the second oldest
independent bank in Texas. It is one of Texas' leading agricultural banks
still directed by members of South Texas pioneer ranching families. At June
30, 1997, the bank had total assets of approximately $442 million.
SOURCE First Victoria National Bank
 back to top
CONTACT:
Beverly Kahanek, Vice President & Marketing
Officer of First Victoria National Bank, 512/572-6555
|
