TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
On March 9, East Texas Bancshares, the parent company of First National Bank of Jasper and First State Bank of Livingston, announced a proposal to merge the two banks under the name First State Bank of Livingston (First State Bank). With a combined asset size of more than $700 million, the merger will position the … Read more
On January 4, IT managed service provider Integris announced that it has purchased San Angelo-based CalTech, a community-banking-focused IT managed service provider with offices in Texas and Kansas. This marks Integris’ third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than … Read more
Following last summer’s merger of Houston-based CommunityBank of Texas NA and Houston-based Allegiance Bank, the resulting Stellar Bancorp Inc. recently unveiled a logo for the new bank, Stellar Bank, which is expected to open for business in February. According to a press release issued to announce the transaction, the new bank is expected to have … Read more
On October 3, Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced the completion of its previously announced acquisition of and merger with Roscoe-based Roscoe State Bank. The merger results in the formation of Cornerstone Capital Bank, which will hold more than $380 million in regulatory capital and greater than $1.5 … Read more
In mid-October, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced the signing of two acquisition agreements. In one, Prosperity has agreed to acquire First Bancshares of Texas Inc. and its banking subsidiary, Midland-based FirstCapital Bank of Texas NA. The second agreement signed by Prosperity Bancshares indicates its intention to acquire Lone … Read more
On September 8, Kemp-based Harmony Bank NA and Dallas-based Texas Brand Bank announced that they have signed a definitive agreement in which Harmony Bank will merge with and into Texas Brand Bank. The merger agreement, announced by former Texas State Senator John J. Carona, chairman of Harmony Bank, and Edward B. Tomlinson II, chairman of … Read more
On June 7, Corpus Christi-based American Bank and TexStar National Bank jointly announced the signing of a definitive agreement and plan of merger pursuant to which American Bank will acquire TexStar. In accordance with the merger agreement, TexStar will merge with and into American Bank and the combined banks will operate under the American Bank … Read more
On April 22, Home BancShares Inc. and its wholly owned subsidiary, Conway, Arkansas-based Centennial Bank, announced that J. Pat Hickman, former chairman of Amarillo-based Happy Bancshares Inc., has been appointed to the company’s board of directors as contemplated by the merger agreement for the company’s acquisition of Happy Bancshares, which was completed on April 1. … Read more
On April 1, Home BancShares Inc., the parent company of Conway, Arkansas-based Centennial Bank, announced that it has completed its previously announced acquisition of Happy Bancshares Inc., the parent company of Amarillo-based Happy State Bank, pursuant to the terms of a definitive agreement and plan of merger whereby, in a series of transactions, an acquisition … Read more