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
Omaha, Nebraska-based Pinnacle Bancorp Inc. has signed an agreement to acquire Southern Bancshares Inc., the parent company of Moulton-based SouthStar Bank. SouthStar Bank has $1.35 billion in assets with 16 full-service locations in Central Texas: Austin, Bee Cave, Brazoria, Bremond, Calvert, Franklin, Georgetown, Gonzales, Harker Heights, Hearne, Kerrville, Leander, Moulton, Round Rock and Shiner. In … Read more
On October 7, Third Coast Bancshares Inc., the parent company of Humble-based Third Coast Bank, and Great Plains Bancshares Inc., the parent company of Oklahoma City, Oklahoma-based Great Plains National Bank, announced the signing of a definitive merger agreement pursuant to which Third Coast will acquire Great Plains in an all-stock transaction valued at approximately … Read more