Federal Reserve Approves Acquisition of Port Lavaca Bank
The Federal Reserve Board has approved the application by Coastal Bend Bancshares, Inc. to acquire First National Bank in Port Lavaca.
Coastal Bend Bancshares, Inc., based in Corpus Christi, Texas, submitted its application to the Federal Reserve Board for approval of the acquisition.
The acquisition is subject to certain conditions and requirements, which will be enforced by the Federal Reserve Board.