TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On April 22, Home BancShares Inc. and its wholly owned subsidiary, Conway, Arkansas-based Centennial Bank, announced that J. Pat Hickman, former chairman of Amarillo-based Happy Bancshares Inc., has been appointed to the company’s board of directors as contemplated by the merger agreement for the company’s acquisition of Happy Bancshares, which was completed on April 1. … Read more
On April 11, Simmons First National Corp., the parent company of Pine Bluff, Arkansas-based Simmons Bank, announced that it has completed the acquisition of Spirit of Texas Bancshares Inc., the parent company of Conroe-based Spirit of Texas Bank SSB. A definitive agreement to acquire Spirit of Texas Bank was previously announced last November with Spirit’s … Read more
On March 28, Home Bancorp Inc., the holding company of Lafayette, Louisiana-based Home Bank NA, announced the completion of its acquisition of Friendswood Capital Corp., the holding company of Houston-based Texan Bank NA. The combined company has total assets of approximately $3.2 billion, $2.2 billion in loans and $2.7 billion in deposits. “Since announcing our … Read more
On March 8, FirstSun Capital Bancorp, the holding company for Denver, Colorado-based Sunflower Bank NA, and Pioneer Bancshares Inc., the holding company for Austin-based Pioneer Bank SSB, jointly announced the receipt of all required regulatory approvals to merge Pioneer Bancshares and Pioneer Bank with and into FirstSun Capital Bancorp and Sunflower Bank, respectively, in an … Read more
In January, FNBK Holdings Inc. and its wholly owned subsidiary, First National Bank of Kemp, and Rice-based First State Bank announced that they have entered into an agreement whereby FNBK Holdings Inc. would acquire First State Bank. Upon closing of the transaction, expected in the second quarter of 2022, First State Bank will be merged … Read more
Baton Rouge, Louisiana-based Business First Bancshares Inc., the holding company for b1BANK, has completed its acquisition of Texas Citizens Bancorp Inc. and its wholly owned bank subsidiary, Pasadena-based Texas Citizens Bank National Association. The acquisition became effective March 1. “This partnership in the Houston area is an important step in the widening of our footprint … Read more
On December 31, Harlingen-based Texas State Bankshares Inc. and Denton-based Access Bancorp Inc. announced that they have entered into a definitive agreement to merge Access Bancorp Inc. with Texas State Bankshares Inc. and AccessBank Texas with Texas Regional Bank. As a result of the transaction, Texas Regional Bank will add AccessBank Texas’ six banking centers … Read more
On January 3, Corpus Christi-based American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin. “Our acquisition of ACG Equipment Finance is consistent with our long-term strategic plan,” says Stephen Raffaele, CEO and president of American Bank. “Bringing our companies together accelerates our growth strategy, … Read more
On January 4, San Antonio-based Texas Partners Bank announced a partnership with Legacy Mutual Mortgage. The acquisition of the partnership interests of Legacy Mutual Mortgage provides Texas Partners Bank—whose members include The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank—with a comprehensive mortgage platform broadening the bank’s reach and depth of … Read more
Dallas-based First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that it has completed its acquisition of TGR Financial Inc. and its bank subsidiary, Naples, Florida-based First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida, plus … Read more