Bowie, Texas – Legend Bank and Graham Savings and Loan have reached an important milestone in bringing together two Texas community banks with deep roots, long-standing reputations for service, and a shared commitment to customers and communities. The acquisition of Graham Savings and Loan by Legend Bank has officially closed, marking the beginning of the next phase of the transition.
Headquartered in Bowie, just about an hour down the road from Graham, Legend Bank shares Graham Savings and Loan’s commitment to relationship-focused banking, local decision-making, personalized service, and supporting the communities it serves.
“Reaching this milestone is an exciting step forward for Legend Bank and Graham Savings and Loan,” said Jay Bearden, President and CEO of Legend Bank. “We’re proud to bring together two banks with such strong Texas roots and long-standing reputations in the communities we serve. Now our focus turns to building on those strengths and creating even more opportunities for our customers, employees and communities.”
For Graham Savings and Loan customers, very little will change before April 2027. Customers should continue banking as they do today, using their Graham Savings and
Loan accounts, debit cards, online banking and branch locations. Legend Bank customers will enjoy expanded branch access with three additional branch locations through Graham Savings and Loan after conversion next April, making it even more convenient to bank with Legend Bank in person.
A match made in Texas, Graham Savings and Loan and Legend Bank are bringing together the strengths of both community banks to create even more opportunities for customers. Following conversion in April 2027, customers can look forward to more ways to bank, more places to serve them, enhanced technology and additional resources, all backed by the same local service and relationship-focused banking they receive today.
“This is an exciting milestone for Graham Savings and Loan and our customers,” said Codie Hedge, President and CEO and Senior Lender of Graham Savings and Loan. “For now, our customers can continue banking with us just as they do today. As we look toward April 2027, we’re excited about the additional locations, services, technology, resources, and banking products they’ll gain while continuing to receive the personal service and trusted relationships they value.”
Together, Legend Bank and Graham Savings and Loan look forward to building on generations of Texas community banking and creating new opportunities for their customers, employees and communities.
About Legend Bank
Legend Bank is a Texas-based community bank founded in 1890, headquartered in Bowie, focused on enriching the lives of its stakeholders by providing Legendary financial services and resources. Legend Bank has 13 full-service branch locations and two loan offices throughout North Texas with total assets of over $1.2 billion. Legend Bank serves the people and businesses in and around Bowie, Alvord, Decatur, North Richland Hills, Fort Worth, Weatherford, Henrietta, Wichita Falls, Nocona, Whitesboro, Sherman, Bonham, Cooper, Paris and Whitewright.
About Graham Savings and Loan
Founded in 1934, Graham Savings and Loan has served generations of families, businesses, and communities across Graham, Breckenridge, and Possum Kingdom with a commitment to relationship-focused community banking. Locally owned for more than 90 years, the bank has built its reputation on trusted service, local decision making, and strong community involvement. Guided by values of integrity, personal service, and community commitment, Graham Savings and Loan remains dedicated to helping customers, employees, and local communities grow and succeed.
Hunton Andrews Kurth LLP serves as legal counsel to Legend Bank and The Bank Advisory Group served as financial advisor. Bradley Arant Boult Cummings LLP serves as legal counsel to Graham Savings and Loan and Hillworth Securities, LLC serves as financial advisor.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements, including but not limited to statements regarding the transaction, the business of Legend Bank and other matters. Any statements about our expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking statements. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates,” or “anticipates,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters.
Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance, and actual results may differ materially from those expressed or contemplated by the particular forward-looking statement. Therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and neither Legend Bank nor Graham Savings and Loan undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.
FDIC-Insured. Equal Housing Lender. All loans subject to credit approval.
