Texas United Bancshares (NASDAQ:TXUI)
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From May 2019 to May 2024
State Bank to Open a Fourth Banking Center in the Houston MSA
LA GRANGE, Texas, April 25 /PRNewswire-FirstCall/ -- Texas United Bancshares,
Inc. (NASDAQ:TXUI), a growing community banking organization located in Central
and South Central Texas, announced that its subsidiary, State Bank, is
currently constructing a full-service banking center in Magnolia, Texas. The
banking center is expected to open during the third quarter of 2005, and will
be the Bank's fourth banking center serving the Greater Houston metropolitan
area. Land has also been purchased at Magnolia Parkway for another banking
center in the Greater Houston metropolitan area.
The Company also announced the following appointments and promotions: Rick
Pritchett has been promoted to Regional President for the Houston Region. Joyce
Stevens has been promoted to Banking Center President in our Tomball Banking
Center and Debbie Lambert will be Banking Center President in Magnolia.
Don Stricklin, President and CEO, stated, "We are excited to expand our
presence in the Greater Houston metropolitan market. Magnolia is a growing
suburban community with an infrastructure that supports the needs of growing
families yet is within convenient commuting distance to downtown Houston. The
new banking center will be staffed by individuals with strong local roots;
Debbie Lambert, the banking center manager, is a 17-year banking veteran and a
local resident. Our expansion in the Houston market is another step in growing
our presence in Texas' major metropolitan areas."
Texas United Bancshares, Inc. is a registered financial holding company listed
on the Nasdaq National Market under the symbol "TXUI". Texas United operates
through two wholly owned subsidiary banks, State Bank and GNB Financial, N.A.
and, offers a complete range of banking services through 20 full-service State
Bank banking centers located in the greater central and south central Texas
area and seven full service GNB Financial banking centers located in
Gainesville, Denton and Ennis, Texas. In addition, State Bank has 18 loan
production offices located in Houston, San Antonio and Austin through the Bank
and its wholly-owned subsidiary, Community Home Loan, Inc.
Except for historical information, certain of the matters discussed in this
news release may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 that involve risks and
uncertainties, including, but not limited to, the following: general business
and economic conditions in the markets Texas United serves may be less
favorable than expected which could decrease the demand for loan, deposit and
other financial services and increase loan delinquencies and defaults; changes
in the interest rate environment which could reduce Texas United's net interest
margin; acquisition integration may be more difficult than anticipated;
legislative or regulatory developments including changes in laws concerning
taxes, banking, securities, insurance and other aspects of the financial
securities industry; competitive factors may increase, including product and
pricing pressures among financial services organizations; and changes in
accounting principles, policies or guidelines. All written or oral
forward-looking statements are expressly qualified in their entirety by these
cautionary statements. Please also read the additional risks and factors
described from time to time in Texas United's reports and registration
statements filed with the Securities and Exchange Commission. We disclaim any
obligation to update or revise any forward-looking statements contained in this
release.
DATASOURCE: Texas United Bancshares, Inc.
CONTACT: Tom Adams of Texas United Bancshares, Inc., +1-979-968-7261