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Happy State Bank to assume operations of 4 First Bank & Trust locations in Texas

Feb 28, 2019 - SNL Financial
Mergers and Acquisitions

Amarillo, Texas-based Happy State Bank agreed to purchase and assume the operations of Seymour, Texas-based First Bank & Trust in Memphis, Matador, Turkey and White Deer in Texas.

Happy State Bank will acquire about $2 million in loans and $40 million in deposits, which will increase its total assets to approximately $3.5 billion and give it 41 locations in 29 Texas communities.

The transaction is expected to close in the second quarter. SAMCO Capital Markets acted as financial advis...