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Coastal Bend Bancshares approved by the Fed to buy First National Bank

The Federal Reserve said it approved Coastal Bend Bancshares, based in Corpus Christi, Texas, to acquire First National Bank in Port Lavaca.

Reported · Written up by our desk · Corporate Bonds

The Federal Reserve Board approved an application by Coastal Bend Bancshares, Inc., of Corpus Christi, Texas, to acquire First National Bank in Port Lavaca, Texas, according to the Fed release.

The approval was announced Tuesday, with the Fed providing the transaction details through its official notice at 4:30 p.m. EDT.

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