TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On March 19, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals to complete its previously announced acquisition of Lone Star State Bancshares Inc., the parent company of Lubbock-based Lone Star State Bank of West Texas. Alan Lackey, CEO of Lone Star State Bank, will … 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
On January 16, Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Dallas-based Sunflower Bank NA, and Seattle, Washington-based HomeStreet Inc., the holding company of HomeStreet Bank, announced that they have entered into a definitive merger agreement under which HomeStreet Inc. and HomeStreet Bank will merge with and into FirstSun Capital Bancorp and Sunflower Bank, … Read more
On December 4, First National Bank of Jasper and First State Bank of Livingston will complete their merger under the name First State Bank of Livingston (First State Bank). With a combined asset size of more than $700 million, the merger positions the combined bank to invest in additional resources such as technology, as well as … Read more
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
Kemp-based Harmony Bank NA and Dallas-based Texas Brand Bank have officially closed on their merger, conducting business as Harmony Bank and now operating as a Texas state-chartered bank. The merger agreement was announced last September by John J. Carona, former Texas state senator and chairman of Harmony Bank, and Edward B. Tomlinson II, chairman of Texas … Read more
On April 17, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of First Bancshares of Texas Inc., the parent company of Midland-based FirstCapital Bank of Texas NA. The merger is expected to be effective as of May … Read more
Corpus Christi-based American Bank has completed its acquisition of San Antonio-based TexStar National Bank after a successful core systems conversion in late March. TexStar National Bank, its clients and six San Antonio-area branches are now fully integrated and part of the American Bank system. The acquisition, which received regulatory approval and became effective in October … 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 19, The State National Bank of Groom and its parent holding company, Groom Bancshares Inc., announced an acquisition agreement with 5th Generation Holdings Inc., a community-bank-focused entity formed for purposes of the transaction. As a result of the acquisition, 5th Generation Holdings will become a bank holding company for The State National Bank … Read more