Farmers Bancshares and Farmers State Bank to be Acquired by FSBH Inc.

FSBH Inc. has agreed to acquire Farmers Bancshares Inc., the parent company of Center-based Farmers State Bank. Upon completion of the merger, management and the employees of the bank will remain in place and there will be no change in the business plan of the bank. The transaction is expected to close in the fourth … Read more

Allison and Manning Named to Boards of Citizens State Bank and Holding Company GrahamJB6

Woodville-based Citizens State Bank has announced the addition of Brian Manning to the bank’s board of directors, and he joins Harold E. “Trey” Allison III, Citizens State Bank’s president–East Texas region, in being named to the board of the bank’s holding company, GrahamJB6. Allison began his career with Citizens State Bank in 1996 as vice … Read more

Will Varo Bank be the Pin that Pops the Fintech Valuation Bubble?

Every banker has read the sensational headlines of massive funding rounds at almost unfathomable valuations for almost any company with a fintech moniker. They also know the narrative; bankers are greedy and dumb, credit unions are slow and can’t innovate, and morally superior (here again) fintechs are here to disrupt the trillion-dollar financial services industry, … Read more

The National Bank of Texas Names Parker Chair of Horizon Bankshares

Wade Donnell, CEO of The National Bank of Texas at Fort Worth, recently announced that Steve Parker has been elected chair of Horizon Bankshares Inc., the bank’s holding company. Parker joined bank in 2010 as a senior vice president and was elected director of the executive committee. He served as president of the Azle location when it … Read more

Colorado-based FirstSun Capital Bancorp/Sunflower Bank to Acquire Austin-based Pioneer Bancshares

Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Sunflower Bank NA, and Austin-based Pioneer Bancshares Inc., the holding company of Pioneer Bank SSB, jointly announced on May 11 that they have entered into a definitive agreement pursuant to which Pioneer Bancshares and Pioneer Bank will merge with and into FirstSun Capital Bancorp and Sunflower … Read more

Peoples Bancorp Completes Acquisition of Baylor Bancshares

On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more