Bank merger brings Texas Regional to local market

Texas Regional Bank moved into the Dallas-Fort Worth market following a merger between Harlingen-based Texas State Bankshares Inc. and Denton-based Access Bancorp.Inc.

As a result of the transaction, five Dallas-Fort Worth AccessBank Texas centers will become Texas Regional Bank locations, including one at 15960 Championship Parkway in North Fort Worth. A loan processing center in Fort Worth was also part of the merger.

Other new Texas Regional Bank centers are in Dallas and Denton County.

The merger brings approximately $570 million in assets from the five local AccessBank locations to Texas Regional Bank’s network of 23 banking centers in South Texas, Texas Hill Country and Houston.

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“Texas Regional Bank continues to pursue opportunities in growing Texas markets,” Michael Scaief, president and CEO of Texas Regional Bank, said in a statement.

“Our move to the DFW area is part of our strategic plan and will allow us to enhance what AccessBank Texas has already done in the community,” said Bobby Farris, vice president of Texas Regional Bank.

Cleve Breedlove, President and CEO of AccessBank Texas, said “Texas Regional Bank’s leadership, culture and vision will be a perfect fit for our shareholders, staff and community.”

The merger will result in new financial services for customers, such as trust and wealth management.

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Scaief will continue as chairman and president of Texas State Banckshares Inc. and Breedlove will serve as regional president for the Dallas-Fort Worth region.

Breedlove and Brett Bingham will join the board of Texas Regional Bank.

Texas Regional Bank has assets of more than $2.6 billion and offers a range of financial services including banking, mortgage, wealth management and trust services.