Louise Bancshares to acquire Dilley State Bank
Louise Bancshares Inc. and its wholly owned subsidiary, The First State Bank, Louise, announced that they have entered into an agreement to acquire Dilley State Bank.
Upon closing of the transaction, expected in the fourth quarter, Dilley State Bank will become a wholly owned subsidiary of Louise Bancshares.
“Dilley State Bank has been a locally owned and operated bank, faithfully serving the community for over 100 years since opening in 1907, said Jeff W. Avant, CEO of Dilley State Bank. “It’s a rare opportunity to partner with such a great group of community bankers like The First State Bank of Louise and it gives us comfort in knowing the character, strength and quality of bankers we are joining.”
Kinnan Stockton, president of The First State Bank, added, “We are aware of the long tradition of community banking made available to banking customers through Dilley State Bank. As community bankers ourselves with 12 branches in communities stretching from Louise to the markets around Refugio, Victoria and Angleton, we believe Dilley State Bank is an excellent match for our own tradition of community banking experience in southeastern Texas since our founding in 1956.”
Chip Jenkins, CEO of The First State Bank, added that the bank will offer additional services and opportunities that appeal to current customers as well as those who may be future customers.