On June 24, Maverick Bancshares Inc., the parent company of Lubbock-based Maverick Bank, and Sandhills Bancshares Inc., the parent company of Monahans-based Tejas Bank, announced that they have entered into a definitive merger agreement under which Maverick will acquire Sandhills. Upon closing, Tejas Bank will merge into Maverick Bank, creating a West Texas community bank with more than $650 million in pro forma assets and a footprint that spans the region. The transaction is expected to close in the first quarter of 2026.
Tejas Bank currently operates one location in Monahans and has approximately $225 million in assets. Maverick Bank serves customers across eight West Texas communities.
“This isn’t just an expansion—it’s about strengthening our presence in the region we call home,” says Brent Leslie, CEO of Maverick Bank. “Tejas Bank is a strong, highly respected institution. Their values align perfectly with ours. Authenticity, relationships and a blue-collar mentality that puts people first.”
“Maverick Bank understands West Texas because they live and work here, just like us,” notes Todd Hunt, president and CEO of Tejas Bank. “This partnership is a natural fit. They have deep roots in West Texas and understand the communities we serve. Maverick Bank gets the oilfield. They get what it means to run a business out here. Our customers will benefit from more resources and technology, while still banking with people who understand the grit, grind, and relationships that make this region tick.”
Following the merger, Hunt will continue to lead the Monahans market as market president and both Hunt and Kent McDaniel, chairman of both Tejas Bank and Sandhills Bancshares, will join the Maverick Bank board of directors.
