TEXAS AMERICAN BANCSHARES <TXA> TO SELL UNIT
Texas American Bancshares Inc
said it agreed to sell its Texas American Bank/Levelland unit
to <First American Bancorp Inc> for about 12 mln dlrs in cash.
    Texas American said regulatory approval ofthe transaction
is expected in December, and the sale will close shortly
thereafter.
    Once the sale is completed, the unit's name will change to
First American Bank of Texas. The unit reported total assets of
196.7 mln dlrs on Juen 30, 1987.
 Reuter
