Corpus Christi-based American Bank has completed its acquisition of San Antonio-based TexStar National Bank after a successful core systems conversion in late March. TexStar National Bank, its clients and six San Antonio-area branches are now fully integrated and part of the American Bank system. The acquisition, which received regulatory approval and became effective in October 2022, was originally announced in June 2022. Following the merger, American Bank now has 19 locations across South and Central Texas, in the communities of Austin, Corpus Christi, Houston, New Braunfels, Port Aransas, Rockport, San Antonio, Goliad and Victoria.
“From the moment we announced our intention to acquire TexStar last June, it has been a well-coordinated and enjoyable process all the way to the finish,” says Stephen C. Raffaele, American Bank’s president and CEO. “Both organizations quickly came together as a team in order to make the conversion process as smooth as it could be for clients. We’re so happy to now be able to put our full attention on serving the banking needs of our clients and communities using the same approach we’ve perfected over the past 52 years.”
Established in 1970, American Bank reports assets of $2.4 billion as of December 31, 2022.
