Texas Community Bancshares agrees $9.5 million purchase of San Jacinto bank
Texas Community Bancshares ($TCBS) signed a definitive agreement to acquire the parent of The Bank of San Jacinto County for $9.5 million in cash. The target operates one banking office in Coldspring, Texas. Its latest figures disclosed in the announcement showed approximately $42.0 million of assets, $12.5 million of loans and $35.3 million of deposits at the end of June. The acquisition would add a local deposit base and extend the buyer’s community-banking footprint. Both boards unanimously a
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