Texas United Bancshares Inc., La Grange, Texas, has announced the acquisition (by its subsidiary State Bank) of Community Home Loan Inc., Houston.The terms of the deal were not disclosed. Community Home, a four-year-old, privately held mortgage company, will retain its name and operate as a subsidiary of State Bank, Texas United said. "Community Home Loan's established retail presence will give us a strong position in the fast-growing markets of Houston and San Antonio and complements our company's existing mortgage operation," said Don Stricklin, president and chief executive officer of Texas United.
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