On June 18, Corsicana-based Community National Bank & Trust of Texas announced the acquisition of Fort Worth-based CapTex Bank. The acquisition expands Community National Bank and Trust’s footprint to 18 branches across Texas with the addition of five locations in Fort Worth, Bonham, Leonard, Melissa and Trenton.
Established in 1901 as the First National Bank of Trenton, the institution was rebranded to CapTex Bank in 2018. As of March 31, CapTex Bank had approximately $331 million in assets. Following the acquisition, Community National Bank & Trust of Texas will have approximately $1.7 billion in assets.
“As with any acquisition, we expected a few bumps in the road as we merged two great financial institutions into one. The only real surprise was how seamlessly the CapTex team fit in with our organization,” notes Rusty Hitt, CEO of Community National Bank & Trust. “We knew this purchase was a wise financial investment. We’re grateful to confirm it’s a wise culture investment as well, and we can’t wait to see these teams work together to benefit the bank and our communities.”
Community National Bank & Trust of Texas partnered with SRM Corp’s advisory services for the acquisition. “Our team is top-notch, so having consistency and guidance from the talented SRM team truly amplified our success for a particularly smooth merger experience,” says Ashley Grigar, Community National Bank & Trust’s chief operating officer.
Established in 1964, Community National Bank & Trust of Texas now operates 18 banking offices across Texas, including the Dallas/Fort Worth metroplex.
