Texas United Bancshares (NASDAQ:TXUI)
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Texas United Bancshares Appoints New CFO
LA GRANGE, Texas, July 6 /PRNewswire-FirstCall/ -- Texas United Bancshares,
Inc. (NASDAQ:TXUI), a community banking organization and the parent company of
State Bank, La Grange, Texas and GNB Financial, n.a., Gainesville, Texas,
announced today the appointment of Jeff Wilkinson as Chief Financial Officer of
Texas United, effective July 5, 2005. Thomas N. Adams, who previously served
as Chief Financial Officer of Texas United, will continue to provide financial,
accounting and operational services to Texas United.
During his extensive career in financial services, Mr. Wilkinson served as
chief operating officer of Gateway Bancshares in St. Louis, Missouri; chief
financial officer of Stockmens Financial Corporation in Overland Park, Kansas,
and in several management positions at UMB Bank NA, headquartered in Kansas
City, Missouri. Most recently, Mr. Wilkinson was the director of new business
development at McGladrey and Pullen, a subsidiary of H&R Block and the fifth
largest accounting and consulting firm in the U.S., where he was responsible
for expanding that firm's reach into the St. Louis market. Mr. Wilkinson is a
certified public accountant and has been active in civic affairs in St. Louis
and Kansas City, where he previously resided.
L. Don Stricklin, President and CEO of Texas United, commented, "We are pleased
to welcome Jeff to our organization. He brings a unique combination of
operating and financial expertise to this increasingly complex position. Jeff
is an important addition to our management team; his appointment will enhance
our ability to continue our growth and enhance our financial performance."
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.,
which offer a complete range of banking services through 27 full-service
banking centers located in central and south central Texas and in areas north
and south of the Dallas-Fort Worth metroplex. In addition, State Bank operates
five mortgage loan production offices and 13 limited service branches located
in Houston, San Antonio and Austin through State Bank and its wholly-owned
subsidiary, Community Home Loan.
Forward-Looking Statements
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: Don Stricklin of Texas United Bancshares, Inc.,
+1-979-968-7261