TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 19, The State National Bank of Groom and its parent holding company, Groom Bancshares Inc., announced an acquisition agreement with 5th Generation Holdings Inc., a community-bank-focused entity formed for purposes of the transaction. As a result of the acquisition, 5th Generation Holdings will become a bank holding company for The State National Bank … Read more
On January 4, IT managed service provider Integris announced that it has purchased San Angelo-based CalTech, a community-banking-focused IT managed service provider with offices in Texas and Kansas. This marks Integris’ third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than … Read more
On November 19, Pine Bluff, Arkansas-based Simmons First National Corp., the holding company for Pine Bluff, Arkansas-based Simmons Bank, and Conroe-based Spirit of Texas Bancshares Inc. announced the execution of a definitive merger agreement pursuant to which Simmons will acquire Spirit, and its wholly owned subsidiary, Spirit of Texas Bank SSB, in a transaction consisting … Read more
Austin-based BAT Investments Inc. has reached an agreement to acquire Capital Bank of Texas, headquartered in Carrizo Springs. With branches in Carrizo Springs and Crystal City, as well as a loan production office in Austin, Capital Bank of Texas has assets of approximately $84 million. The bank was established in 2003. The acquisition is expected to … Read more