Spirit of Texas Bancshares Inc., the Houston-area holding company of Spirit of Texas Bank, recently acquired South Texas-based First Beeville Financial Corp., which does business as The First National Bank of Beeville.
Spirit of Texas Bank (Nasdaq: STXB) is expected to have the Beeville bank legally converted by the middle of August. The move gives the Conroe-based bank access to San Antonio and Corpus Christi.
The deal was worth $63.7 million in cash and stock, involving about 1.6 million shares…
