TEXAS REGIONAL BANK ACQUIRES BLANCO NATIONAL BANK
Today, Harlingen-based Texas State Bankshares, Inc. completed its acquisition of Blanco-based Blanco National Holdings, Inc. As a result of the transaction, Texas Regional Bank will add Blanco’s four Hill Country banking centers (Blanco, Fredericksburg, Wimberley and Bulverde/Spring Branch) to its existing network of branches in the Rio Grande Valley and Falfurrias, Texas.
“Texas Regional Bank is so pleased to become a part of the Texas Hill Country,” said Michael Scaief, Chairman of Texas Regional Bank. “Blanco National Bank will provide the foundation as Texas Regional Bank extends its core banking, wealth management, and mortgage divisions throughout the Hill Country.”
“On Monday, February 27th, Texas Regional Bank will open its doors in the Hill Country, and our customers will be greeted by the same folks they have been accustomed to seeing. We like to refer to it as ‘The People You Know’ at Texas Regional Bank”, said Paul Moxley, President and CEO.
Michael Scaief will continue as Chairman and President of Texas State Bankshares, Inc. and Chairman of Texas Regional Bank. Mark Tidwell will be Market President over Hill Country operations. Paul Moxley will continue to serve as President and Chief Executive Officer of Texas Regional Bank. “The acquisition creates a team of seasoned community bankers from both regions who are accustomed to building customer relationships and being the ‘bank of choice,’” Moxley explained.
Texas Regional Bank began operations in May of 2010 with the acquisition of Falfurrias State Bank which had one banking center and $18 million in assets. Today, Texas Regional Bank has thirteen banking centers in the Rio Grande Valley, Falfurrias, and the Texas Hill Country with assets in excess of $800 million and capital of more than $80 million.
Texas Regional Bank is a wholly-owned subsidiary of Texas State Bankshares, Inc. Ownership of the organization spreads across more than 500 shareholders in south and central Texas. Texas Regional Bank is proud to have a broad shareholder base and ownership structure, where no one family may own more than 10% of the bank. To learn more about the bank visit us online at www.texasregionalbank.com.