TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The OCC and TDB report that SouthState Bank NA, based in Winter Haven, Florida, has completed its acquisition of Independent Bank, dba Independent Financial, based in McKinney. The TDB reports that Columbus State Bank, based in Columbus, has completed its merger with Hill Bank & Trust Co., based in Weimar. Branches The … Read more
Branches The TDB reports that Wallis Bank, based in Wallis, has established a branch at 4805 E. Sam Houston Pkwy., Ste. 100, in Pasadena. The TDB reports that it has approved an application by Texas Bank, based in Henderson, to establish a branch at 7680 Preston Rd. in Frisco.
On January 8, the First National Bank of Eldorado and Lubbock-based Western Bank announced the signing of a definitive agreement providing for the First National Bank of Eldorado’s acquisition of the Loraine branch of Western Bank. The transaction is targeted for completion by the end of the first quarter of 2025. “We are excited to … Read more
On January 7, Community Bank Holdings of Texas Inc., the holding company of Corsicana-based Community National Bank & Trust of Texas, and CapTex Bancshares Inc., the holding company of Trenton-based CapTex Bank, announced the signing of a definitive merger agreement pursuant to which Community Bank Holdings of Texas Inc. will acquire CapTex. The transaction is … Read more
Branches The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established the following branches: 9324 Summer Creek Dr. in Fort Worth and 1055 Market Way Rd. in Argyle. The agency also reports that it has received applications by JPMorgan Chase Bank to establish the following branches: at the southeast corner of … Read more
Mergers and Acquisitions The OCC reports that it has approved an application by SouthState Bank NA, based in Winter Haven, Florida, to acquire Independent Bank, dba Independent Financial, based in McKinney. The TDB reports that it has approved an application by Powell State Bank, based in Powell, to be acquired by Producer Acquisition Corp. The … Read more
On December 12, Dallas-based Vista Bank announced a definitive agreement to sell seven rural locations—Abernathy, Hale Center, Haskell, Idalou, Petersburg, Plainview and Ralls—to Dimmitt-based First United Bank. The transaction is expected to close in the first quarter of 2025. Vista Bank will retain and expand its operational and retail presence in Lubbock. Established in 1912, … Read more
On November 18, Natchitoches, Louisiana-based Grant Bancshares Inc., the holding company for BOM Bank, announced the completion of its acquisition of nine American State Bank locations across Texas. The acquired locations include branches in Haslam, Timpson, Center, Lufkin, Huntington, Chester and Conroe. With the expansion, BOM Bank now operates 26 branches and two operations facilities across … Read more
On November 8, Oklahoma City, Oklahoma-based MidFirst Bank announced the completion of its acquisition of the Houston banking locations of Coral Gables, Florida-based Amerant Bank NA, the main subsidiary of Amerant Bancorp Inc. Through the acquisition, MidFirst gained Amerant’s Houston client relationships and added six banking locations and 45 employees. “Houston is a highly desirable and … Read more
On October 17, Charles McGuire, chairman of First Liberty National Bancshares Inc., the holding company of Liberty-based First Liberty Bank, and Kelly Stretcher, president and CEO of First Liberty Bank, announced that a definitive agreement has been executed wherein First Liberty National Bancshares Inc., has agreed to acquire 100 percent of the issued and outstanding … Read more