VeraBank Completes Acquisition of Panola National Bank

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 … Read more

VeraBank Announces Intent to Acquire Panola National Bank

Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more

VeraBank Hires Cole as Angelina County Market President

Henderson-based VeraBank recently hired Ashlyn Cole as Angelina County market president. Cole, an experienced commercial banker and leader in Lufkin, will focus on leading and growing VeraBank’s business in Lufkin and Angelina County. Cole has been a community banker for more than 11 years and has spent most of her career in commercial lending helping … Read more

IBAT Kicks Off Fall Lineup of unCONVENTIONal Events

The Independent Bankers Association of Texas (IBAT) planned its 2020 Annual Convention for September 26–29 in Fort Worth. Then came COVID and plans changed. Now, instead of gathering in Fort Worth, the show is being held virtually. Instead of a week in September, the event is now spread out through the end of the year. … Read more