TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
On December 11, J. Pat Hickman, chairman of Amarillo-based Happy State Bank, and Frederick B. Hegi Jr., chairman of Tahoka-based First National Bank of Tahoka (FNB), announced that Happy State Bank is acquiring First National Bank of Tahoka through a merger. FNB Tahoka holds approximately $56 million in total assets and has one location in … Read more
On November 30, longtime West Texas banker John E. Grist acquired a controlling interest in Snyder-based West Texas State Bank, according to the Odessa American. Grist assumed the positions of chairman and chief executive officer. Mark Williamson will remain as president and continue to serve on the board, while Darryl Calley will continue to serve as executive vice … Read more
In a joint statement on October 29, J. Pat Hickman, chairman of Amarillo-based Happy State Bank, and Tommy Gunstream, chairman of Muleshoe-based Muleshoe Bancshares Inc., announced that Happy State Bank is acquiring Muleshoe Bancshares Inc. and its subsidiary, First Bank of Muleshoe, through a series of mergers. A Texas state bank, First Bank of Muleshoe … Read more
On October 21, San Antonio-based Southwest Bancshares Inc., the bank holding company for The Bank of San Antonio, closed its merger of three affiliated banks, creating a unique Central Texas banking franchise. In connection with the closing of the transaction, Capitol of Texas Bancshares, the holding company for The Bank of Austin, and Texas Hill … Read more
HC3, a data-driven technology company based in Birmingham, Alabama, that delivers unique customer communications, has acquired Alabama-based Banc Statements Inc. (BSI), a company that specializes in printing and mailing demand-deposit and savings account statements for community banks. Beginning October 1, all work contracted through BSI will continue operation as HC3. HC3—in business for 58 years—helps … Read more
Louise-based Louise Bancshares Inc. and its wholly owned subsidiary, The First State Bank, and Dilley-based Dilley State Bank announced on September 1 that they have entered into an agreement whereby Louise Bancshares Inc. would acquire Dilley State Bank. Upon closing of the transaction, expected in the fourth quarter of 2020, Dilley State Bank will become … Read more
Arlington-based BancAffiliated Inc., the sole shareholder of Affiliated Bank National Association, and Odessa-based Odessa SouthWest Bancshares Inc., the sole shareholder of SouthWest Bank, have mutually agreed to terminate their merger agreement, previously announced last December. The termination is in response to the extreme uncertainty resulting from the global health crisis caused by the COVID-19 pandemic and … Read more
On August 25, Texas Heritage Bancshares Inc., the parent company of Hondo National Bank, and Medina Community Bancshares Inc., the parent company of Hondo-based Community National Bank, jointly announced the signing of a definitive agreement to combine the two holding companies into Texas Heritage Bancshares. The merger agreement was unanimously approved by the board of … Read more
On July 20, Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that the bank has entered into a branch purchase-and-assumption agreement to sell its Clear Lake location to Galveston-based Moody National Bank. “Moody will obtain a book of business that they can successfully build on in the Moody … Read more