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
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