TEXAS BANKING NEWS, PEOPLE and IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

TEXAS BANKING NEWS, PEOPLE AND IDEAS

Carthage Texas

Citizens Bank in Kilgore Holding Company Completes Acquisition of Texas National Bancorporation

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East Texas Financial Corp., the parent company of Kilgore-based Citizens Bank, and Texas National Bancorporation, the parent company of Jacksonville-based Texas National Bank, have announced the successful completion of East Texas Financial Corp.’s previously announced acquisition of Texas National Bancorporation after receiving all required regulatory approvals. East Texas Financial Corp. will operate as a two-bank … Read more

Mullins, Jacksonville-based Austin Bank’s Chief Risk Officer, Announces Retirement

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William L. “Billy” Mullins, senior executive vice president, chief risk officer and director at Jacksonville-based Austin Bank, announced his retirement after a banking career spanning 51 years, effective July 17. Mullins started his banking career in 1974 as an assistant national bank examiner for the Office of the Comptroller of the Currency (OCC). In 1979, … Read more

East Texas Financial Corp. to Acquire Texas National Bancorporation and Texas National Bank

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East Texas Financial Corp., the bank holding company for Kilgore-based Citizens Bank, has entered into a definitive agreement to acquire Texas National Bancorporation Inc., the bank holding company for Jacksonville-based Texas National Bank. The transaction is expected to close in the fourth quarter of 2025. Upon closing, East Texas Financial Corp. will operate as a … Read more

VeraBank Names King Commercial Banker in Lufkin, Nichols Mortgage Banker in Carthage

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Henderson-based VeraBank has added Kyle King to its commercial banking team. With the bank since 2022, he will serve as banking officer/commercial banker at the Lufkin branch. King has been in the financial services industry for 12 years and most recently served as portfolio manager for the bank’s Lufkin and Tyler markets. “What makes Kyle … Read more

VeraBank Completes Acquisition of Panola National Bank

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Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more

VeraBank Announces Intent to Acquire Panola National Bank

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Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more

Texas Bankers Foundation Presents 2020 Cornerstone and LiFE Awards

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The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to banks at a special virtual video presentation on December 3. The Cornerstone Award recognizes excellence in community involvement by Texas banks. The following banks were honored with the 2020 Cornerstone Award. … Read more