Texas United Bancshares, Inc. to Join Russell Microcap Index

LA GRANGE, Texas, Aug. 4  /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 it was selected to join the new Russell Microcap(TM) Index.  This new investment index is comprised of the smallest 1,000 securities in the small-cap Russell 2000(R) Index, plus the next 1,000 companies, based on a ranking of all U.S. equity securities by market capitalization.

"We are pleased to be included in the Russell Microcap Index," said Don Stricklin, President and CEO of Texas United Bancshares.  "Our inclusion will further enhance our visibility within the investment community."

The Russell indexes are widely used as benchmarks by investment managers and institutional investors. The addition of the Microcap Index provides an unbiased benchmark for performance of the microcap segment.

About the Company

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 22 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 operates four mortgage loan production offices and 13 limited service branches located in Houston, San Antonio and Austin.

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:  L. Don Stricklin, President & CEO, [phone], or

 , or Jeff Wilkinson, Chief Financial Officer,

[phone], or  , both of Texas United

Bancshares, Inc.; or Linda Margolin of Margolin & Associates, Inc.,

[phone], or  , for Texas United Bancshares, Inc.

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