TEXAS BANKING NEWS, PEOPLE and IDEAS
On October 21, Plains Acquisition Corp. announced a definitive agreement to acquire Austin Colony Inc., the holding company of Lake Jackson-based First National Bank of Lake Jackson, in an all-cash transaction. The acquisition is expected to close in December 2026. Upon completion of the transaction, First National Bank of Lake Jackson, a national banking association, … Read more
On October 21, Legend Bancorp Inc., the holding company of Bowie-based Legend Bank NA, and Graham-based Graham Savings and Loan SSB announced the completion of Legend Bancorp’s acquisition of Graham Savings and Loan. The conversion and merger of Graham Savings and Loan into Legend Bank are anticipated in late April 2027. “Reaching this milestone is … Read more
On October 16, Texas Banc Financial Corp., the parent company of Fort Worth-based TexasBank, and Haskell Bancshares Inc., the parent company of Haskell-based Haskell National Bank, announced a definitive agreement under which Texas Banc Financial Corp. will acquire Haskell Bancshares Inc. Upon completion of the transaction, Haskell National Bank will merge into TexasBank. The transaction … Read more