A Promising Bank Play

"Bigger is better" in Texas, and two firms based in that state have agreed to merge: Cullen/Frost Bankers (CFR) and WNB Bancshares.

The agreement, signed last month, is a cash-and-stock deal valued at $220 million: Cullen/Frost will issue 2 million shares, and fund the remainder of the deal with cash. The transaction is scheduled to close in January 2014 and, of course, it is subject to regulatory approval....431 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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