On January 24, Jeff Austin III, chairman of the board of Jacksonville-based Austin Bank, announced that Austin Bancorp Inc., the parent company of Austin Bank, has received regulatory approval for the company’s acquisition of Chasewood Bank, based in Houston. The acquisition date of February 14, 2025, will create combined assets of $2.9 billion with 40 locations for Austin Bank.
“We are expanding our presence in Southeast Texas and welcome the opportunity to serve the customers of Chasewood,” Austin says. “We pledge to deliver the exceptional service Chasewood customers have come to expect. Additionally, we look forward to offering advancements in technology and relationship banking, along with a complete range of personal and business products and services, drive-thru ATMs [and] access to all Austin Bank locations.”
Established in 1900, Austin Bank has banking offices in 38 Texas locations within 26 cities and 14 counties. It has been voted one of the “Best Places to Work in Texas” for 15 consecutive years by Workforce Research Group in partnership with the Texas Association of Business. Austin Bank is locally owned and operated by the Austin family, which is celebrating 115 years of service in the Texas banking industry.
