Houston-area bank buys more branches in Texas

Conroe-based Spirit of Texas Bancshares Inc. (Nasdaq: STXB), the holding company for Spirit of Texas Bank, is making another acquisition.

The bank agreed to acquire four branch offices from Simmons Bank, a subsidiary of Arkansas-based Simmons First National Corp. (Nasdaq: SFNC), and one Simmons mortgage loan office, as well as some of their deposits, loans and other assets, according to a Dec. 23 press release.

The deal is expected to close in the first quarter of 2020. The purchase price was…