TYLER, Texas -- Southside Bancshares, Inc. has agreed to buy Fort Worth-based OmniAmerican Bancorp, Inc. in a $307 million deal.
The merger was announced Tuesday. Officials say the combined company will have nearly $5 billion in assets.
Southside Bancshares is the parent company of Tyler-based Southside Bank, which has 50 banking centers in Texas.
OmniAmerican Bancorp is the holding company for OmniAmerican Bank, which has 14 branches in the Dallas-Fort Worth area.
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