On February 2, Third Coast Bancshares Inc., the parent company of Humble-based Third Coast Bank, announced the successful completion of its merger with Keystone Bancshares Inc., the parent company of Bee Cave-based Keystone Bank SSB.
The combined company now has total assets in excess of $6 billion. With the merger complete, Third Coast Bancshares will initiate the integration of Keystone Bank into its platform, with customer conversion anticipated to take place this summer. In the meantime, Keystone Bank customers will continue to receive service through their existing branches, website, mobile app and dedicated relationship teams.
Jeff Wilkinson, the former chairman and CEO of Keystone Bancshares and Keystone Bank, will join the board of directors of Third Coast Bancshares and Third Coast Bank and will serve as chairman–Austin market of Third Coast Bank. Additionally, Bryan St. George, the former president of Keystone Bank, will assume a new role at Third Coast Bank as president of commercial services.
Established in 2008, Third Coast Bank operates 19 locations primarily in the Greater Houston, Dallas/Fort Worth and Austin/San Antonio regions. This merger brings in Keystone Bank’s three branch locations: two in Austin and one in Ballinger, along with a loan production office in Bastrop. Established in 2018, Keystone Bank reported $1.1 billion in total assets with more than 80 employees.
