SHERMAN, Texas, Nov. 7 , 2016 /PRNewswire/ -- Two exceptional local businessmen, Lacy Harber and John Massey, will complete the merger of their organizations on Friday, Nov. 11 to make an even greater impact in local communities.
On Saturday, Nov. 12, all current American Bank of Texas locations will begin operating under the First United name.
The partnership of First United and American Bank of Texas, both headquartered in the Texoma area, provides many advantages to customers, including: expanded service offerings (mortgage, insurance, and investment products) and 24/7 access to customer service. American Bank of Texas customers should expect the same friendly service and faces they are accustomed to, as well as access to their favorite banking location and operating hours.
"I am excited about combining our two bank families. Both organizations have a shared commitment to doing what's right for our stakeholders, meeting the financial needs of our customers, and enriching communities by not only meeting economic needs but also through community involvement and participating in local leadership," said Greg Massey, CEO, First United Bank.
"Combining with First United is a blessing for our communities. Like American Bank of Texas, they believe in preserving community banks where decisions are made locally. The additional resources will provide us with the ability to continue to offer upgrades and advancements to our customers. Together, we are better," said Wes Shelton, President of American Bank of Texas.
Both organizations have dedicated teams working through all merger details to minimize customer concerns during the transition. Debit cards, direct deposits, and all other accounts and services should see no to little impact. Online banking questions or needs can be directed to your local banking center or the First United Customer Care Center, available 24 hours to help customers with any type of transaction.
The combined bank is well positioned to serve Texas and Oklahoma with over $5.5 billion in assets. This growth provides additional opportunities to inspire and empower others to Spend Life Wisely.
To learn more about the merger, visit FirstUnitedBank.com/ABTexas.
ABOUT AMERICAN BANK OF TEXAS:
American Bank of Texas was originally chartered in 1971, and has thrived under the care of the Harber family. From the Red River to the River Walk, American Bank of Texas has 32 branches throughout Texas with over $2.3 billion in assets. Locations across Texas can be found in Austin, Bonham, Bulverde, Dallas, Denison, Fredericksburg, Frisco, Gainesville, Garden Ridge, Horseshoe Bay, Kingsland, Lakeway, Leonard, Marble Falls, McKinney, Pottsboro, Prosper, Schertz, Seguin, Sherman, Temple, and Whitesboro.
ABOUT FIRST UNITED:
Established in 1900, First United has more than 50 locations throughout North Texas and Oklahoma. It is one of the largest, well-capitalized banking organizations in the Southwest with assets of more than $3.3 billion, and it is among the largest privately held community banking organizations in the U.S. First United provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®. Learn more at firstunitedbank.com.
Chief Marketing & Digital Transformation Officer, First United Bank
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SOURCE First United