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Collins Family Trust reassumes ownership of Inter National Bank

The Collins Family Trust on March 31 completed its acquisition of McAllen, Texas-based Inter National Bank from Mexico-based Grupo Financiero Banorte S.A.B. de C.V.

The deal, whose terms were not disclosed, returned Inter National Bank's ownership back to the family that helped establish it over 30 years ago, according to an April 3 news release. Inter National Bank has total assets of $1.62 billion as of Dec. 31, 2016.