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Synopsis
American Momentum Bank, a Texas-chartered banking association, completed the merger with Security Star Bancshares, a parent company of Security Bank. Financial terms were not disclosed. “We’re fortunate to collaborate with Security Bank, a community bank similar to ours in people, scope, mission, and philosophy. This partnership strengthens our ability to deliver sophisticated products and services and a personalized approach to customers in West Texas and the Permian Basin. It also further positions AMB to offer the resources necessary to address customers’ lending and depository needs,” Donald A. Adam, American Momentum Chairman and CEO.
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