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TEXAS BANKING NEWS, PEOPLE AND IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

Peoples Bancorp Completes Acquisition of Baylor Bancshares

May 3, 2021

On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks and completed in accordance with the terms of the previously announced agreement on April 30, 2021.

“We would like to welcome all of our new family members of First Bank & Trust,” says Larry C. Allen, chairman and CEO of Peoples Bancorp Inc. and Peoples Bank. “Our company is deeply committed to these stakeholders and this transaction will serve only to strengthen our ties and commitments. We look forward to further promoting the Peoples Bank brand of banking in these communities. We will begin moving toward offering First Bank & Trust customers more banking solutions in the future. We intend to convert the First Bank & Trust accounts to the Peoples Bank core processing system in the fourth quarter of 2021, completing the joining of the two entities.”

With this merger, Peoples Bancorp Inc. expands its presence into the North Texas, Dallas/Fort Worth metroplex and Central Texas regions with locations in Seymour, Princeton and Whitney. These locations add to Peoples Bank’s nine existing locations in Nazareth, Lubbock, Slaton, Lorenzo, Post, Shallowater and Seminole. The combined company has approximately $850 million in assets as a result of the transaction.

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

Peoples Bancorp Completes Acquisition of Baylor Bancshares

May 3, 2021

On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks and completed in accordance with the terms of the previously announced agreement on April 30, 2021.

"We would like to welcome all of our new family members of First Bank & Trust,” says Larry C. Allen, chairman and CEO of Peoples Bancorp Inc. and Peoples Bank. “Our company is deeply committed to these stakeholders and this transaction will serve only to strengthen our ties and commitments. We look forward to further promoting the Peoples Bank brand of banking in these communities. We will begin moving toward offering First Bank & Trust customers more banking solutions in the future. We intend to convert the First Bank & Trust accounts to the Peoples Bank core processing system in the fourth quarter of 2021, completing the joining of the two entities.”

With this merger, Peoples Bancorp Inc. expands its presence into the North Texas, Dallas/Fort Worth metroplex and Central Texas regions with locations in Seymour, Princeton and Whitney. These locations add to Peoples Bank’s nine existing locations in Nazareth, Lubbock, Slaton, Lorenzo, Post, Shallowater and Seminole. The combined company has approximately $850 million in assets as a result of the transaction.

SHARE THIS FEATURE:

Previous April 18–24, 2021 Next North Dallas Bank & Trust Co. Celebrates 60 Years in Business

MORE News

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USV Bancorp Continues Capital Raise to Establish the First Vietnamese/American Community Bank in Houston

Amegy Bank, Greater San Antonio Chamber of Commerce to Host Ribbon-Cutting for Convent Branch

2025 Five*Star Award Winners Announced by the Independent Bankers Association of Texas

VeraBank Bestows Annual CRA Scholarships Totaling $35,000 to Local High School Seniors

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

Peoples Bancorp Completes Acquisition of Baylor Bancshares

May 3, 2021

On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks and completed in accordance with the terms of the previously announced agreement on April 30, 2021.

"We would like to welcome all of our new family members of First Bank & Trust,” says Larry C. Allen, chairman and CEO of Peoples Bancorp Inc. and Peoples Bank. “Our company is deeply committed to these stakeholders and this transaction will serve only to strengthen our ties and commitments. We look forward to further promoting the Peoples Bank brand of banking in these communities. We will begin moving toward offering First Bank & Trust customers more banking solutions in the future. We intend to convert the First Bank & Trust accounts to the Peoples Bank core processing system in the fourth quarter of 2021, completing the joining of the two entities.”

With this merger, Peoples Bancorp Inc. expands its presence into the North Texas, Dallas/Fort Worth metroplex and Central Texas regions with locations in Seymour, Princeton and Whitney. These locations add to Peoples Bank’s nine existing locations in Nazareth, Lubbock, Slaton, Lorenzo, Post, Shallowater and Seminole. The combined company has approximately $850 million in assets as a result of the transaction.

SHARE THIS FEATURE:

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MORE News

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USV Bancorp Continues Capital Raise to Establish the First Vietnamese/American Community Bank in Houston

Amegy Bank, Greater San Antonio Chamber of Commerce to Host Ribbon-Cutting for Convent Branch

2025 Five*Star Award Winners Announced by the Independent Bankers Association of Texas

VeraBank Bestows Annual CRA Scholarships Totaling $35,000 to Local High School Seniors

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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a SUBSIDIARY of the Independent Bankers Association of Texas3

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© 2024 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas