HOUSTON, Jan. 3, 2011 (GLOBE NEWSWIRE) -- Encore Bancshares, Inc. (Nasdaq:EBTX) announced that on December 31, 2010 its subsidiary, Encore Bank, N.A., has completed the sale of approximately $182.8 million of deposits associated with four remaining private client offices in Florida to Ovation Holdings, Inc. ("Ovation"). Earlier on December 31, 2010, Ovation completed its acquisition of National Bank of Southwest Florida ("NBSWF") and NBSWF completed its purchase and assumption of certain assets and deposits of Encore Bank's Florida operations including the purchase of approximately $61.7 million of loans and premises and equipment.
Encore Bancshares, Inc. Announces Completion Of Sale Of Florida Operations
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.