SouthStar Bank to acquire Community First National Bank branch
SouthStar Bank announced an agreement to purchase the Community First National Bank Branch in Kerrville. The sale is contingent on regulatory approval by the Texas Department of Savings and Mortgage Lending, OCC and FDIC.
Pending final approval, the sale is scheduled to close August 27. SouthStar Bank plans to continue operations at the Kerrville branch and retain current staff to streamline the transition and maintain continuity for customers and team members.
“The Board and Management are eager to welcome Community First employees into our SouthStar Bank family. We’ve seen an enthusiastic presence in the local community, making the branch a seamless fit with our organization,” said David Kapavik, president and CEO, SouthStar Bank. “The acquisition will allow us to expand into the Hill Country, reach new opportunities and remain the personal, community-focused bank we’ve always been.”
Established in 1920, SouthStar Bank recently celebrated its 100th anniversary. Today, the bank operates 15 branches utilizing both the latest in financial products and technology and the same small-town service on which SouthStar Bank was founded.