TEXAS BANKING NEWS, PEOPLE and IDEAS
On July 17, Plano-based Future Financial Bankshares Inc., a recently formed Texas corporation, announced that it has signed a definitive agreement to acquire Palmer Bancshares Inc. and its wholly owned subsidiary, Palmer-based Commercial State Bank. Future Financial Bankshares was founded by CEO Jeffrey A. Kesler, a seasoned banker with more than 25 years of experience. … Read more
On April 28, Bastrop Bancshares Inc., the holding company for Bastrop-based First National Bank of Bastrop, announced that it has entered into an agreement to acquire Columbus Bancorp Inc., the holding company for Columbus-based The First State Bank, for cash consideration. The transaction is expected to close in the third quarter of 2026. According to … Read more
First Guaranty Bancshares Inc., the parent company of Hammond, Louisiana-based First Guaranty Bank, has entered into a purchase and assumption agreement for the sale of its Texas operations to Muskogee, Oklahoma-based Armstrong Bank, according to S&P Global Market Intelligence. The transaction, already approved by the boards of both companies, is expected to close in the … Read more
On January 2, Investar Holding Corp., the holding company of Investar Bank NA, announced the completion of its acquisition of Wichita Falls Bancshares Inc., the holding company for Wichita Falls-based First National Bank. An agreement relating to the acquisition was announced last July. The acquisition became effective as of January 1. As of December 31, … Read more
Members of the Independent Bankers Association of Texas (IBAT) will return to Colorado for the 25th Annual Winter Summit, January 25–27 at the Westin Riverfront Resort & Spa in Avon, at the base of Beaver Creek Mountain. The meeting provides a memorable opportunity for bankers to have face-to-face interactions and invaluable conversations with senior regulators … Read more
On December 1, South Plains Financial Inc. (SPFI), the parent company of Lubbock-based City Bank, announced that it has entered into a definitive merger agreement with Houston-based BOH Holdings Inc. (BOH), the parent company of Bank of Houston, whereby South Plains will acquire BOH in an all-stock transaction valued at approximately $105.9 million. As a … Read more
On October 22, Third Coast Bancshares Inc., the parent company of Houston-based Third Coast Bank, and Keystone Bancshares Inc., the parent company of Austin-based Keystone Bank SSB, jointly announced the signing of a definitive merger agreement pursuant to which Third Coast will acquire Keystone in a stock and cash transaction valued at approximately $123 million … Read more
On October 16, Cornerstone Capital Bancorp Inc., the holding company for Houston-based Cornerstone Capital Bank, and Peoples Bancorp Inc., the holding company for Lubbock-based Peoples Bank, announced the signing of a definitive agreement under which Cornerstone will acquire Peoples. This transaction marks Cornerstone’s first bank acquisition since its merger with Roscoe Bank in 2022. Upon … Read more
The Independent Bankers Association of Texas (IBAT) announced in late September that Brad Giddens, director of sales for the financial institutions division at Integris, now serves as chair of the IBAT Associate Member Advisory Council. He was elected to this position during the association’s 51st Annual Convention held September 20–23 in Fort Worth. IBAT’s Associate … Read more
On October 1, Prosperity Bancshares Inc., the parent company of Houston-based Prosperity Bank, and Southwest Bancshares Inc., the parent holding company of San Antonio-based Texas Partners Bank, jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire Southwest Bancshares and Texas Partners Bank. The merger is expected to close during the first … Read more