Encore Bank, a Texas-based bank targeting private banking clients, has bought Linscomb & Williams, a Houston-based financial planning and we...

Encore Bank, a Texas-based bank targeting private banking clients, has bought Linscomb & Williams, a Houston-based financial planning and wealth management firm. Terms of the deal were not disclosed. The acquisition includes $1.2 billion in assets under management, which combined with Encore Trust Company will total nearly $2 billion of assets under management. “The addition of Linscomb & Williams, along with the more than 1,200 clients and the professionals who manage these assets, expands and enhances Encore Bank's portfolio of services,” said James D'Agostino, Encore Bank's chief executive, in a statement. Established in 1971, Linscomb & Williams is an independent firm of former practicing attorneys and certified public accountants providing fee-based financial planning and investment management services. Encore Bank has offices in Houston and five offices on the west coast of Florida.