Hondo-based banks Hondo National Bank and Community National Bank have applied with the Office of the Comptroller of the Currency to merge as TXN Bank National Association. As announced in August 2020, Texas Heritage Bancshares Inc, parent company of Hondo National Bank, and Medina Community Bancshares Inc., parent company of Community National Bank, consolidated into the Texas Heritage Bancshares Inc. This merger was effective in April 2021 and in February 2022, TXN Bank will officially open.
“TXN Bank is the coming together of two-like minded banks, both with great legacies in Texas,” Ronnie Miller, president and CEO of Community National Bank, told the Bandera Bulletin. “The core values and cultures of our two banks are an exemplary melding of great people and banking services.” Miller will also serve as president and CEO of TXN Bank.
“We are very excited about being able to take care of our customers even better together,” Olen Thompson, president of Hondo National Bank told the Bandera Bulletin. “This merger is a win/win for our customers and our communities.”
According to the Bulletin, the bank will operate its corporate office in two locations until a new combined location is finalized in Hondo. The new TXN Bank will have branches in Hondo, Bandera, Blanco, Castroville, La Coste, Leakey, Lytle and Uvalde.