On January 7, Community Bank Holdings of Texas Inc., the holding company of Corsicana-based Community National Bank & Trust of Texas, and CapTex Bancshares Inc., the holding company of Trenton-based CapTex Bank, announced the signing of a definitive merger agreement pursuant to which Community Bank Holdings of Texas Inc. will acquire CapTex. The transaction is expected to close in the second quarter of 2025.
Established in 1901 as the First National Bank of Trenton, the institution was rebranded to CapTex Bank in 2018. It has five locations in Fort Worth, Bonham, Leonard, Melissa and Trenton. As of September 30, 2024, CapTex Bank had approximately $344 million in assets, $295 million in net loans and leases, and $298 million in deposits. Following the acquisition, Community National Bank & Trust of Texas will have approximately $1.7 billion in assets and operate 18 branches across Texas.
“We are pleased to inherit the legacy of a strong community bank like CapTex Bank and mark another milestone in our long-term growth strategy,” says Rusty Hitt, CEO of Community National Bank & Trust of Texas. “Our shared values, centered on delivering a community bank experience, allow us to leverage our collective strengths and resources to provide even greater support and opportunities to our new and legacy communities.”
“On behalf of our board and management team, we are thrilled to partner with CNB&T,” says George Lea, CapTex Bank chairman and CEO. “Throughout the negotiation process, it [has been] clear we share a vision of personalized service that only community banks can provide. I am pleased that our customers will benefit from continued relationships with our staff members while reaping the benefits of an expanded platform of services, including wealth management and mortgage origination, as well as access to CNBT’s convenient branch presence.”
Community Bank Holdings of Texas Inc. was advised by Hillworth Bank Partners as financial advisor and Hunton Andrews Kurth LLP as legal counsel. CapTex Bancshares Inc. was advised by Performance Trust Capital Partners as financial advisor and Fenimore Kay Harrison LLP as legal counsel.
Established in 1964, Community National Bank & Trust of Texas currently operates 13 banking offices in north and central Texas, including the Dallas/Fort Worth metroplex.
