On November 18, Natchitoches, Louisiana-based Grant Bancshares Inc., the holding company for BOM Bank, announced the completion of its acquisition of nine American State Bank locations across Texas. The acquired locations include branches in Haslam, Timpson, Center, Lufkin, Huntington, Chester and Conroe. With the expansion, BOM Bank now operates 26 branches and two operations facilities across Louisiana and Texas.
“We are thrilled to welcome the customers and employees of American State Bank into the BOM Bank family,” says Ken Hale, president and CEO of BOM Bank. “This expansion aligns perfectly with our mission to provide accessible, community-focused banking solutions, and we look forward to building lasting relationships with our new customers in Texas.”
The acquisition also underscores BOM Bank’s commitment to supporting economic growth in the communities it serves. As a certified Community Development Financial Institution (CDFI), BOM Bank remains dedicated to promoting financial inclusion and supporting the underbanked.
