The acquisition of CapTex Bank underscores CNB&T’s long-term strategy to grow while maintaining its focus on personalized service – a quality that has been the cornerstone of the bank’s operations since 1964. This partnership brings exciting new opportunities to serve the CapTex communities with an expanded platform of services, including wealth management, mortgage origination, and convenient branch access.
Community National Bank & Trust of Texas partnered with SRM Corp to execute a successful acquisition through their strategic advisory services.
“Our team is top-notch, so having consistency and guidance from the talented SRM team truly amplified our success for a particularly smooth merger experience,” said CNB&T COO Ashley Grigar.
CNB&T CEO Rusty Hitt expressed his enthusiasm about the acquisition’s success so far.
“As with any acquisition, we expected a few bumps in the road as we merged two great financial institutions into one. The only real surprise was how seamlessly the CapTex team fit in with our organization,” he said. “We knew this purchase was a wise financial investment. We’re grateful to confirm it’s a wise culture investment as well, and we can’t wait to see these teams work together to benefit the bank and our communities.”
The purchase of CapTex Bank bumps CNB&T’s asset size up to approximately $1.7 billion, with promising opportunities to expand in the fast-growing Texas market. For more information, visit www.MyBankTX.com.