Texas Regional Bank (Courtesy Photo)
Harlingen-based Texas State Bankshares Inc. — the holding company of Texas Regional Bank — announced last week its merger with Access Bancorp Inc., and Texas Regional Bank’s merger with AccessBank Texas.
Texas Regional Bank will add AccessBank Texas’ five locations and some $570 million in assets within Denton, Fort Worth and Dallas markets to its existing network of 23 banking centers in South Texas, the Hill Country and Houston, according to a news release.
“Texas Regional Bank continues to seek out opportunities in growing Texas markets. AccessBank Texas brings us our 4th region, allowing us to expand our foundation of financial services to some of the top markets in the state,” wrote Michael Scaief, chairman and CEO of Texas Regional Bank. Scaief will continue as chairman and president of Texas State Bankshares and chairman and CEO of Texas Regional Bank, the release says, while Cleve Breedlove will serve as region president over the Dallas-Fort Worth region and join the Texas Regional Bank’s board of directors.
“The leadership, culture, and vision of Texas Regional Bank will be a great fit for our stockholders, staff, and the community that we serve,” Breedlove wrote. Texas Regional Bank is a diversified financial services company with more than $2.6 billion in assets offering financial services in banking, wealth, trust, international and mortgage, the release says. Ownership is spread across more than 1,000 shareholders, most of them from Texas.
The Access Bank deal is the latest in a series of acquisitions for Texas Regional Bank. In 2013 it acquired Border Capital Bank and added a trust department. In 2017, it acquired Blanco National Bank.
“We have experienced great success by diversifying our footprint across Texas,” wrote Bobby Farris, Texas Regional Bank vice chairman. “Our move into the DFW area is part of our strategic plan and will allow us the opportunity to enhance what AccessBank Texas has already done in the community.”
