TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On April 25, Business First Bancshares Inc., the holding company for Baton Rouge, Louisiana-based b1Bank, announced that it entered into a definitive agreement to acquire Oakwood Bancshares Inc. and its subsidiary, Dallas-based Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million based on the company’s closing price of $21.57 per … Read more
Branches The OCC reports that Bank of Brenham NA, based in Brenham, has established a branch at 869 N. Earl Rudder Fwy. in Bryan. The OCC reports that it has approved an application by JPMorgan Chase Bank NA, based in Columbus, Ohio, to establish a branch at the northeast corner of Gattis School Rd. and … Read more
Conversions The TDB reports that it has approved an application by First Financial Bank and its holding company, First Financial Trust & Asset Management Co., both based in Abilene, to convert from a national banking association to a state-chartered bank. Branches The OCC reports that it has approved an application by National Bank & Trust, … Read more
Oklahoma City, Oklahoma-based MidFirst Bank has entered into a definitive agreement to acquire the Houston branches of Coral Gables, Florida-based Amerant Bank. Upon closing expected later this year, MidFirst Bank will add six Amerant Bank locations to the company’s footprint and gain Amerant Bank’s Houston client relationships totaling approximately $576 million in deposits and $529 … Read more
Mergers and Acquisitions The TDB reports that Lone Star State Bank of West Texas, based in Lubbock, has merged into Prosperity Bank, based in El Campo. Branches The OCC reports that it has approved an application by Great Plains National Bank, based in Elk City, Oklahoma, to establish a branch at 2620 N. Travis in … Read more
Branches The OCC reports that First National Bank Texas, based in Killeen, has applied to establish a branch at 4101 W. Wheatland Rd. in Dallas. The OCC reports that Investar Bank NA, based in Baton Rouge, has applied to establish a branch at 2657 S. Loop 336 W, Ste. B, in Conroe. The OCC reports … Read more
Bank Charters The TDB reports that Houston Bank & Trust, based in Houston, has applied for a state bank charter with headquarters based at 919 W Drew St. in Houston. Name Changes The TDB reports that Fort Davis State Bank, based in Fort Davis, to change its name to Maverick Bank. Branches The TDB reports … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Prosperity Bank, based in El Campo, to acquire Lone Star State Bank of West Texas, based in Lubbock. Conversions The TDB reports that Third Coast Bank, based in Humble, has converted from a state savings bank (as Third Coast Bank SSB) to … Read more
On March 15, Natchitoches, Louisiana-based BOM Bank announced that it has signed an agreement to acquire nine Arp, Texas-based American State Bank locations in Texas. These include American State Bank’s Haslam, Timpson, Center, Lufkin, Chestnut, Huntington, Chester and Conroe branches, as well as one soon-to-be-renovated location. The proposed transaction is expected to close in the … Read more
Branches The OCC reports that Woodforest National Bank, based in The Woodlands, has established a branch in the HEB at 16000 Woodland Hills Dr. in Humble. The OCC reports that it has approved applications by JPMorgan Chase Bank NA, based in Columbus, Ohio, to establish the following branches: at the southwest corner of State Hwy. … Read more