HARLINGEN — Texas Regional Bank just became bigger.
Texas Regional announced yesterday it will merge with Blanco National Holdings Inc., adding four Hill Country banking centers in Blanco, Fredericksburg, Wimberley and Spring Branch to the Harlingen-based bank’s branches in the Rio Grande Valley and Falfurrias.
Texas Regional Bank began operations in 2010 and now has assets in excess of $600 million. Blanco National Holdings has assets of more than $180 million which will be merged with Texas Regional Bank’s assets.
The transaction is subject to regulatory and shareholder approval.
“Texas Regional Bank has been searching for the right opportunity in the Hill Country and found it with Blanco National Bank,” Michael Scaief, chairman of Texas Regional Bank, said in a news release. “Blanco National Bank will provide the foundation for Texas Regional Bank to extend its core banking, wealth management and mortgage divisions throughout the Hill Country.
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– In April 2017, the banks will combine their computer systems. Once this occurs, the blended bank will provide customers with access to new technology and additional services.
– Business hours at branches are not expected to change.
– Branch phone numbers will remain the same.
– Account numbers will stay the same except in isolated instances where duplicate numbers exist.
– Online banking, bill pay and telebanking services will remain unchanged until the merger of the two computer systems in April 2017. Once the changes are made, online banking and bill pay will transfer to the enhanced system and customers will receive a new telebanking number to call. Your local banker will be able to answer any questions.
Source: Texas Regional Bank
