Lone Star Capital Bank to acquire Business Bank of Texas

San Antonio-based Lone Star Capital Bank N.A. has entered into a purchase and assumption agreement for substantially all of the assets, deposits and certain other liabilities of Austin-based Business Bank of Texas N.A. The acquisition is expected to be completed early in the second quarter.

“We are truly excited about this opportunity,” said Danny Buck, president and CEO of LSCB. “Business Bank and its team of outstanding bankers fit well with LSCB and our culture of excellence and our intense focus on service to our customers and communities.”

Founded in 2007, and with total assets of $106 million as of Nov. 30, 2020, BBT specializes in advising and serving the needs of small businesses and their owners. With one branch in Austin, BBT’s primary market is Central Texas.

LSCB, founded in 2003, has seven full-service branches in San Antonio, Drippings Springs, Marble Falls, Johnson City and Blanco. With this transaction, LSCB will exceed $400 million in assets and will be a prominent provider of banking services in the Central Texas, Texas Hill Country and San Antonio areas.

Lone Star Capital Bank specializes in loans, deposit accounts and other services to small- and medium-sized businesses, entrepreneurs, real estate professionals and investors.