On January 4, San Antonio-based Texas Partners Bank announced a partnership with Legacy Mutual Mortgage. The acquisition of the partnership interests of Legacy Mutual Mortgage provides Texas Partners Bank—whose members include The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank—with a comprehensive mortgage platform broadening the bank’s reach and depth of service offerings.
“Legacy Mutual Mortgage brings a history of success and delivers on Texas Partners Bank’s commitment to building a best-in-class central Texas banking franchise,” says J. Bruce Bugg Jr., executive chairman of Texas Partners Bank and president and CEO of Southwest Bancshares Inc., the bank’s parent company.
Legacy Mutual Mortgage is led by CEO Dan Diepenhorst and President Don Kalbacher. The company has a 17-year history in the mortgage industry with offices in all major Texas cities, as well as Nashville, Tennessee, and Denver, Colorado. Headquartered in San Antonio, 60 percent of its business is in the San Antonio/Austin corridor, which will allow for a powerful partnership in Texas Partners Bank’s footprint. In 2021, Legacy Mutual Mortgage assisted more than 7,200 families by closing $2.7 billion in home loans.
“Partnering with Texas Partners Bank is the next step in Legacy’s growth trajectory,” Diepenhorst says. “Our loan officers will have the ability to partner with the bank to expand lending solutions to help our communities grow.”
“Our focus on the Central Texas market area is enhanced by Legacy’s network of experienced loan officers,” notes Brent Given, president and CEO of Texas Partners Bank. “Together, we will continue to expand our local relationships by offering robust and competitive banking and mortgage solutions.”
Established in 2007, Texas Partners Bank has grown to more than $2 billion in assets with financial centers throughout Central Texas. The Bank of San Antonio has five locations in San Antonio, The Bank of Austin has two locations in Austin, and Texas Hill Country Bank has two locations in Kerrville, one in Bandera and one in Fredericksburg.