Cullen/Frost Closes Texas Deal

Frost Bank operates four Dallas branches.
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Cullen/Frost Bankers

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completed the acquisition of Dallas-based Texas Community Bancshares.

It also completed the merger of Texas Community Bank and Trust's operations into its subsidiary, Frost Bank. Frost Bank currently operates four locations in the Dallas area.

The acquisition will boost Cullen/Frost's financial centers in Dallas to five and in the state to 84. As of Dec. 31, 2005, Texas Community Bank and Trust had assets of $123 million, deposits of $102 million and a loan portfolio of $65 million.

On Friday, Cullen/Frost rose 28 cents to $53.42.

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