Jacksonville-based Austin Bank Receives Regulatory Approval to Acquire Chasewood Bank

On January 24, Jeff Austin III, chairman of the board of Jacksonville-based Austin Bank, announced that Austin Bancorp Inc., the parent company of Austin Bank, has received regulatory approval for the company’s acquisition of Chasewood Bank, based in Houston. The acquisition date of February 14, 2025, will create combined assets of $2.9 billion with 40 … Read more

Austin Bank Announces Change in Corporate Office

The board of directors of Jacksonville-based Austin Bank announced a change in their corporate office at the November meeting. Jeff Austin Jr. has been elected senior chairman of the board and his son, Jeff Austin III, has been named chairman of the board. This transition continues the Austin family legacy of banking into the fourth generation. … Read more