Moulton-based SouthStar Bank announced an agreement to purchase a branch in Kerrville from Manhattan, Kansas-based Community First National Bank. Pending final approval, the sale is scheduled to close on August 27. After the purchase, SouthStar Bank plans to continue operations at the Kerrville branch and retain current staff to streamline the transition and maintain continuity.
“The board and management are eager to welcome Community First employees into our SouthStar Bank family,” says David Kapavik, president and CEO of SouthStar Bank. “The acquisition will allow us to expand into the Texas Hill Country. We’ve seen an enthusiastic presence in the local community, making the branch a seamless fit with our organization. We strive to accomplish a uniquely Texas-style of banking throughout all locations.”
“The staff and employees of the Kerrville branch of Community First National Bank are excited to become a part of the dynamic and progressive SouthStar Bank organization,” says Kent McKinney, senior vice president of Community First National Bank. “They have a strong history of community involvement and growth and will be a valuable addition to the Kerrville community.”
A celebration is tentatively planned for late September, which will include BBQ and live music. The event will be free and open to the public.
Established in 1920, SouthStar Bank SSB recently celebrated its 100th anniversary. It operates 15 full-service branches across Central Texas.
Pictured above: The current Community First National Bank team in Kerrville—soon to be part of the SouthStar Bank family—meet with members of the new executive team.
