State Bank Announces Opening of Two New Banking Centers in Bryan-College Station
2005年2月23日 - 6:00PM
PRニュース・ワイアー (英語)
State Bank Announces Opening of Two New Banking Centers in
Bryan-College Station LA GRANGE, Texas, Feb. 23
/PRNewswire-FirstCall/ -- Texas United Bancshares, Inc.
(NASDAQ:TXUI), a growing community banking organization located in
central and south central Texas and in areas north and south of the
Dallas-Fort Worth metroplex, announced that its subsidiary, State
Bank, is expanding its presence in the Bryan-College Station
market. Two new full- service offices are currently under
construction and are expected to be completed during the third
quarter of 2005. With these additional offices, State Bank will
have a total of five full-service offices in the Bryan-College
Station market. L. Don Stricklin, President and Chief Executive
Officer of Texas United Bancshares and State Bank, stated, "We are
delighted to expand our presence in the fast-growing Bryan-College
Station market, where we currently have the fourth largest deposit
market share. This de novo branch expansion reflects our corporate
strategy to focus on suburban growth markets in the major Texas
metropolitan areas." "We are building the branches in rapidly
growing residential areas, and State Bank will be one of the first
banks with a physical presence in these neighborhoods. We estimate
a cost of $1.5 million for both branches and anticipate break even
within 18-24 months. We plan to staff with a combination of current
State Bank employees and experienced local bankers. This expansion
will provide additional convenience for our current Bryan- College
Station customers as well as build our share of this dynamic
market." Texas United Bancshares, Inc. is a registered financial
holding company listed on the Nasdaq National Market under the
symbol "TXUI." Its wholly-owned subsidiaries, State Bank and GNB
Financial, N.A., offer a complete range of banking services through
27 full-service banking centers. In addition, State Bank has 18
mortgage loan production offices located in Houston, San Antonio
and Austin through the Bank and its wholly-owned subsidiary,
Community Home Loan. Except for historical information, certain of
the matters discussed in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties, including, but not limited to, the following:
general business and economic conditions in the markets Texas
United serves may be less favorable than expected which could
decrease the demand for loan, deposit and other financial services
and increase loan delinquencies and defaults; changes in the
interest rate environment which could reduce Texas United's net
interest margin; acquisition integration may be more difficult than
anticipated; legislative or regulatory developments including
changes in laws concerning taxes, banking, securities, insurance
and other aspects of the financial securities industry; competitive
factors may increase, including product and pricing pressures among
financial services organizations; and changes in accounting
principles, policies or guidelines. All written or oral
forward-looking statements are expressly qualified in their
entirety by these cautionary statements. Please also read the
additional risks and factors described from time to time in Texas
United's reports and registration statements filed with the
Securities and Exchange Commission. We disclaim any obligation to
update or revise any forward-looking statements contained in this
release. DATASOURCE: Texas United Bancshares, Inc. CONTACT: Tom
Adams, Texas United Bancshares, Inc., +1-979-968-7261
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