- About FSB
LOUISE BANCSHARES, INC. ANNOUNCES COMPLETION OF DILLEY STATE BANK ACQUISITION
Louise, Texas, December 14, 2020 – Louise Bancshares, Inc. (“LBI”) today announced the closing of its acquisition of Dilley State Bank of Dilley, Texas effective December 11, 2020. Dilley State Bank had total assets of approximately $136.3 million. With this acquisition, LBI will own 100% of Dilley State Bank and will continue to own 100% of The First State Bank, Louise, Texas.
Chip Jenkins, Chief Executive Officer of The First State Bank, stated, “We look forward to the opportunity to serve Dilley and surrounding area with excellent customer service. We expect the transition will be reasonably seamless to the existing customers of Dilley State Bank, and we plan to offer additional services and opportunities that appeal to current customers, as well as those who may be future customers.”
Kinnan Stockton, President of The First State Bank, added, “We believe Dilley State Bank is an excellent match for our own tradition of community banking experience in southeastern Texas since our founding in 1956. We can see that the Dilley State Bank is located in a community of wonderful people that carry a strong sense of pride about their community.”
The acquisition expands The First State Bank’s footprint along South Texas into Dilley, Texas. Together, The First State Bank and Dilley State Bank now have thirteen offices serving South Texas and have total assets in excess of $720 million.
Hunton Andrews Kurth LLP acted as legal counsel for The First State Bank. Sheshunoff & Co. served as financial advisor and Fenimore, Kay, Harrison & Ford, LLP acted as legal counsel to Dilley State Bank.
About The First State Bank
The First State Bank, Louise, Texas, is a full-service community bank established in 1956 with approximately $613 million in total assets as of September 30, 2020 and locations in Louise, El Campo, Wharton, Sweeny, Blessing, Ganado, Bay City, Angleton, Refugio, Woodsboro and Victoria, Texas. The First State Bank has proudly served its communities for over 60 years with conservative banking practices.
THE FIRST STATE BANK, Louise, TX and DILLEY STATE BANK, Dilley, TX
For Release: September 1, 2020
For further information contact:
Kinnan Stockton, President William R “Chip” Jenkins III, CEO The First State Bank, Louise, TX 979-648-2691
Jeff W. Avant, CEO Dilley State Bank, Dilley TX 830-965-1511
Joint Announcement of Agreement for Louise Bancshares, Inc., Louise, TX to Acquire Dilley State Bank, Dilley, TX
Louise, TX and Dilley, TX – Louise Bancshares, Inc. and its wholly owned subsidiary, The First State Bank, Louise, Texas, and Dilley State Bank, Dilley, Texas, announced today that they have entered into an agreement whereby Louise Bancshares, Inc. would acquire Dilley State Bank. Upon closing of the transaction, expected in the fourth quarter of 2020, Dilley State Bank will become a wholly-owned subsidiary of Louise Bancshares, Inc. The transaction is subject to receipt of customary regulatory and shareholder approvals.
Jeff W. Avant, CEO of Dilley State Bank stated, “Dilley State Bank has been a locally owned and operated bank, faithfully serving the community for over 100 years since opening in 1907. This decision by the Board was entered into after significant consideration of opportunities to enhance the banking services offered to our customers. We have enjoyed amazing support from the community over many decades and greatly appreciate our loyal customers, friends and employees. It is important to us that our customers continue to enjoy a strong commitment for quality banking services and that our employees experience fair and professional treatment in this transition. It’s a rare opportunity to partner with such a great group of community bankers like The First State Bank of Louise and it gives us comfort in knowing the character, strength and quality of bankers we are joining. We know that First State Bank looks forward to successfully serving the bank’s current and future customers in and around the area for many years to come.”
Kinnan Stockton, President of The First State Bank, said, “We are aware of the long tradition of community banking made available to banking customers through Dilley State Bank. As community bankers ourselves with twelve branches in communities stretching from Louise to the markets around Refugio, Victoria and Angleton, we believe Dilley State Bank is an excellent match for our own tradition of community banking experience in southeastern Texas since our founding in 1956. We can see that the Dilley State Bank is located in a community of wonderful people that carry a strong sense of pride about their community. Chip Jenkins, CEO of The First State Bank, added, “We look forward to the opportunity to serve Dilley and surrounding area with excellent customer service. We expect the transition will appear reasonably seamless to the existing customers of Dilley State Bank, and we plan to offer additional services and opportunities that appeal to current customers as well as those who may be future customers.”
Sheshunoff & Co. served as financial adviser and Fenimore Kay Harrison, & Ford LLP served as legal adviser to Dilley State Bank. Hunton Andrews Kurth LLP served as legal adviser to Louise Bancshares, Inc.
March 18, 2020
THE FIRST STATE BANK TEMPORARILY CHANGES LOBBY ACCESS TO "BY APPOINTMENT ONLY"
Effective March 19, 2020 at 9:00 a.m.,
Starting tomorrow, March 19, 2020 at 9:00 a.m., The First State Bank branch lobby access will be by appointment only. Please use our drive-thru's, ATMs and e-banking services for your financial needs. To ensure the health and safety of our customers and employees, The First State Bank has decided to modify our lobby services at all branches until further notice. Lobbies will be available by appointment only for transactions of New Accounts, New Loans and Safe Deposit Box access. The First State Bank employees will be available via phone and email to continue assisting customers.
To arrange a lobby appointment, please call your local branch:
|BAY CITY||(979) 244-3000|
|EL CAMPO||(979) 543-2274|
|SUGAR LAND LOAN PRODUCTION OFFICE||(346) 368-2193|
The First State Bank encourages customers to utilize all non-lobby banking services, including:
- Drive-thru (normal hours) and ATMs
- Online Banking and The First State Bank mobile app - allows you to check account balances, pay bills, deposit checks and transfer funds (data and third-party charges may apply.)
- Call or email The First State Bank branches for questions or assistance. Please remember to never share confidential information online- via email or text.
All of our locations are diligently sanitizing and taking the necessary precautions to keep everyone healthy and safe. We ask all employees and customers- if you are feeling unwell, especially those with a fever or who are high risk, to please stay home. If you are in need of assistance, please call your local branch. Please continue to check The First State Bank website and Facebook page to keep up-to-date.
In addition, The First State Bank is working closely, and routinely communicating with, state and federal bank regulatory agencies and Texas elected officials to ensure the efficient and effective delivery of banking services and access to liquidity.
LAST UPDATED 3/18/2020 at 1:02 a.m.
March 17, 2020
THE FIRST STATE BANK BRANCH HOURS IN RESPONSE TO CORONAVIRUS (COVID-19)
Here you will find the current hours of operation for The First State Bank branches, updated regularly.
EFFECITIVE TOMORROW - MARCH 19, 2020 at 9:00 A.M. - ALL LOBBIES WILL BE BY APPOINTMENT ONLY
LAST UPDATED 3/17/2020 at 11:24 a.m.
March 16, 2020
THE FIRST STATE BANK RESPONSE TO THE CORONAVIRUS (COVID-19)
LOUISE, Texas- The First State Bank cares about your safety and the safety of our employees.
As news of the coronavirus continues to develop, we will continue to serve your financial needs and update you with information on how we will best serve you safely and effectively. Starting March 17, 2020 at 12:00 p.m. our Blessing branch lobby will be closed until further notice. The Blessing drive-thru lanes are currently operating normal business hours. All other branches are normal lobby and drive-thru business hours.
We understand if you choose to socially distance yourself- online banking, The First State Bank App for Apple or Android, drive-thru and ATM's are ready to help meet your banking needs. If you stop by one of our lobbies, we are taking the necessary precautions to keep everyone safe. We are following CDC.gov recommendations and refraining from shaking hands and hugging, as a precaution. If you are feeling sick or have been exposed to an illness, we urge you to utilize our online banking for funds transfer, bill payment, mobile capture and online account openings. Our thoughts go out to everyone impacted. If you have any questions or concerns, please call us (979) 648-2691. For additional information about COVID-19, visit the Centers for Disease Control and Prevention.
June 12, 2018
THE FIRST STATE BANK TO ACQUIRE
THE FIRST NATIONAL BANK OF WOODSBORO
The First State Bank, Louise, Texas is excited to announce that it has entered into a definitive agreement to acquire The First National Bank of Woodsboro. The acquisition was approved by the Board of Directors and shareholders of both banks and received regulatory approval. The expected closing date is scheduled for August 2018. The acquisition will expand The First State Bank's presence along the Texas Gulf Coast by adding branch locations in Woodsboro and Refugio, Texas.
Delbert M. Cox, Acting President and CEO of The First National Bank of Woodsboro, stated "The First National Bank of Woodsboro has always been community oriented focusing on serving the banking needs of people and businesses in Refugio County. We believe that the First State Bank will carry on that tradition and provide superb banking services targeted for our local area and we are pleased to become a part of their fine organization."
The First State Bank, Louise, Texas is a full-service community bank established in 1956 with approximately $385 million in assets as of September 30, 2017 and locations in Louise, El Campo, Wharton, Sweeny, Blessing, Ganado, Bay City, Angleton, and Victoria, Texas. The First State Bank has proudly served its communities for over 60 years with conservative banking practices.
Chip Jenkins, CEO of The First State Bank, stated "We are very excited to continue expanding our footprint in the Texas Gulf Coast region. The market has been an extremely good fit for The First State Bank, and we wish to thank those who are already banking with us. For those that have not given us an opportunity yet, please drop by and give us a try, so you can see that we live up to our motto: The Friendliest Bank Anywhere."
Kinnan Stockton, President, added "We are a true Texas locally owned and operated Community Bank. We look forward to getting to know the people of Woodsboro, Refugio, and Refugio County and becoming involved as a strong corporate citizen in these communities that we will serve. Our goal is to become your Hometown Bank."