East Texas Financial Corporation to acquire Texas National Bancorporation.

East Texas Financial Corporation, a holding company for Citizens Bank, agreed to acquire Texas National Bancorporation, a holding company for Texas National Bank of Jacksonville. Financial terms are not disclosed. "This acquisition represents a strategic step forward for Citizens Bank, enabling us to expand our presence in new communities in East Texas while maintaining local, East Texas ownership. Customers of Citizens Bank and Texas National Bank will benefit from a broader service area following the merger of our banks, making it easier to do business wherever they live or work. With combined assets exceeding $1bn, we’ll be able to invest more significantly in the services and technology our customers expect from a modern, community-focused bank,” John Mills, Citizens Bank President & CEO.