Announced
Completed
Financials
Tags
Private
Single Bidder
Acquisition
Friendly
Merger
United States
Banks
Majority
bank holding company
Completed
Domestic
Synopsis
Southwest Bancshares, the bank holding company for The Bank of San Antonio, completed the merger with Capitol of Texas Bancshares, the bank holding company for The Bank of Austin, and Texas Hill Country Bancshares, the bank holding company for Texas Hill Country Bank. Financial terms were not disclosed. “With this merger, we have created a Central Texas banking franchise that is unique in its ability to serve three rapidly growing markets – San Antonio, Austin and the Texas Hill Country – with personal service and independent decision-making for local businesses. We have a tight regional focus that will drive growth and increased profitability,” J. Bruce Bugg Jr., Southwest Bancshares Chairman, President and CEO.
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