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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

VeraBank Completes Acquisition of Panola National Bank

June 2, 2021

Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas.

“Bringing our two organizations together will be a true win/win, and we’re proud to be able to serve more customers and more markets with our genuine style of banking,” says Brad Tidwell, president and CEO of VeraBank.

Combining the banks takes VeraBank from $3.1 billion to $3.2 billion in assets and from 36 to 38 branches. VeraBank anticipates converting the charter and operations of Panola National Bank into VeraBank later this summer.

Established in 1930, VeraBank is a privately owned community bank that serves the East and Central Texas area, as well as metro Austin. Panola National Bank was chartered in 1983.

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

VeraBank Completes Acquisition of Panola National Bank

June 2, 2021

Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas.

“Bringing our two organizations together will be a true win/win, and we’re proud to be able to serve more customers and more markets with our genuine style of banking,” says Brad Tidwell, president and CEO of VeraBank.

Combining the banks takes VeraBank from $3.1 billion to $3.2 billion in assets and from 36 to 38 branches. VeraBank anticipates converting the charter and operations of Panola National Bank into VeraBank later this summer.

Established in 1930, VeraBank is a privately owned community bank that serves the East and Central Texas area, as well as metro Austin. Panola National Bank was chartered in 1983.

SHARE THIS FEATURE:

Previous Western Heritage Bank Promotes Molina to Controller Next BBVA USA Opens 11 De Novo Branches Across Texas

MORE News

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USV Bancorp Continues Capital Raise to Establish the First Vietnamese/American Community Bank in Houston

Amegy Bank, Greater San Antonio Chamber of Commerce to Host Ribbon-Cutting for Convent Branch

2025 Five*Star Award Winners Announced by the Independent Bankers Association of Texas

VeraBank Bestows Annual CRA Scholarships Totaling $35,000 to Local High School Seniors

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

VeraBank Completes Acquisition of Panola National Bank

June 2, 2021

Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas.

“Bringing our two organizations together will be a true win/win, and we’re proud to be able to serve more customers and more markets with our genuine style of banking,” says Brad Tidwell, president and CEO of VeraBank.

Combining the banks takes VeraBank from $3.1 billion to $3.2 billion in assets and from 36 to 38 branches. VeraBank anticipates converting the charter and operations of Panola National Bank into VeraBank later this summer.

Established in 1930, VeraBank is a privately owned community bank that serves the East and Central Texas area, as well as metro Austin. Panola National Bank was chartered in 1983.

SHARE THIS FEATURE:

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MORE News

Loading...

USV Bancorp Continues Capital Raise to Establish the First Vietnamese/American Community Bank in Houston

Amegy Bank, Greater San Antonio Chamber of Commerce to Host Ribbon-Cutting for Convent Branch

2025 Five*Star Award Winners Announced by the Independent Bankers Association of Texas

VeraBank Bestows Annual CRA Scholarships Totaling $35,000 to Local High School Seniors

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas3

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© 2024 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas