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Back to transactions
Financial Advisor

American Bank

Value Not Disclosed 06/07/2022 Depository Pending
Lead Bankers: Kade Machen, James Clingman
Private Companies
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Transaction Details

  • On June 7, 2022, American Bank, N.A. (“American Bank”), headquartered in Corpus Christi, and TexStar National Bank (“TexStar”) jointly announced the signing of a definitive agreement and plan of merger pursuant to which American Bank will acquire TexStar
  • In accordance with the merger agreement, TexStar will merge with and into American Bank, and the combined banks will operate under the American Bank name and brand following closing
  • The combined bank will have total assets of approximately $2.5 billion with locations in the Corpus Christi, Port Aransas, Rockport, Victoria, Goliad, San Antonio, New Braunfels, Austin, and Houston markets
  • The transaction has been unanimously approved by the boards of directors of both TexStar and American Bank, as well as the bank holding companies of each
Sources: Company Press Release.
  1. 1) Reflects bank-level regulatory financials as of 3/31/2022

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