Announced

BOM Bank agreed to acquire nine Texas branches from American State Bank.

Synopsis

BOM Bank, a provider of personal and business checking, online banking, mortgages, personal and home loans, brokerage, financial, and insurance services, agreed to acquire nine Texas branches from American State Bank, a financial service company. Financial terms were not disclosed. “We are thrilled to welcome the customers and employees of American State Bank to the BOM Bank family. This acquisition aligns with our mission to deliver exceptional banking solutions while upholding the values of integrity, reliability, and community engagement,” Ken Hale, BOM Bank President and CEO.

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