Fort Worth's CapTex Bancshares, Inc. Acquires First National Bank Of Trenton
Included in the acquisition are five banking locations throughout North Texas; Expansion plans in-the-works
FORT WORTH, Texas, Oct. 16, 2017 /PRNewswire/ -- CapTex Bancshares, Inc., a Fort Worth-based bank holding company, has announced its acquisition of the First National Bank of Trenton, effective immediately. Based in Trenton, Texas, the 116-year-old community bank has five locations that serve towns throughout North Texas, including Trenton, Melissa, Bonham, Farmersville, and Leonard. A sixth location in Fort Worth will be open in 2018, and plans for expansion throughout other North Texas cities are in-the-works.
"This acquisition represents the beginning of CapTex's commitment to create a premier community banking franchise throughout Texas," said George Lea, chairman and CEO of CapTex and First National Bank of Trenton. "Given its 116 years of existence, the First National Bank of Trenton has a rich history of helping grow businesses and serving individuals through multiple generations and all economic cycles. Our team of management, combined with an extraordinary external board of directors, will honor this legacy and create a bank clinging to the principles of community banking, with an unmatched commitment to technology, security, and the delivery of a complete platform of services to match almost any need."
CapTex principals who will hold leadership positions at First National Bank of Trenton include George Lea as CEO and chairman, Mike Thomas Jr. as president and chief lending officer, and J. Richard Barajas as the bank's chief credit officer. This executive team brings a combined 85 years of Texas community banking expertise to the table. Institutional investment for the acquisition was provided by Bay Boston and Clover Partners, L.P.
ABOUT CAPTEX BANCSHARES, INC.
CapTex Bancshares, Inc. is a bank holding company established in 2015. The CapTex board of directors and advisors are composed of senior business leaders, including George Lea as CEO and chairman, and Michael R. Thomas Jr. as president and chief lending officer. Other key board members and advisors include Tony Schell, partner with Escalate Capital Partners; Mark A. Welsh IV, managing director with EnCap Investments; Jim Cone, manager at Cone Elevator of Lubbock; Richard Toomey, principal at BayBoston; Johnny Guerry, principal at Clover Partners, L.P.; Adam Laird, vice president of Cornerstone Home Lending, Inc.; and Edward Ellis, executive vice president at Houston International Insurance Group. In the fall 2017, CapTex acquired the First National Bank of Trenton, a 116-year-old community bank with five North Texas branches located in Trenton, Melissa, Bonham, Farmersville, and Leonard.
Media Contact:
Claire Armstrong
817-546-8322
[email protected]
SOURCE CapTex Bancshares, Inc.
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