State Bank to Open a Fourth Banking Center in the Houston MSA
2005年4月25日 - 11:09PM
PRニュース・ワイアー (英語)
State Bank to Open a Fourth Banking Center in the Houston MSA LA
GRANGE, Texas, April 25 /PRNewswire-FirstCall/ -- Texas United
Bancshares, Inc. (NASDAQ:TXUI), a growing community banking
organization located in Central and South Central Texas, announced
that its subsidiary, State Bank, is currently constructing a
full-service banking center in Magnolia, Texas. The banking center
is expected to open during the third quarter of 2005, and will be
the Bank's fourth banking center serving the Greater Houston
metropolitan area. Land has also been purchased at Magnolia Parkway
for another banking center in the Greater Houston metropolitan
area. The Company also announced the following appointments and
promotions: Rick Pritchett has been promoted to Regional President
for the Houston Region. Joyce Stevens has been promoted to Banking
Center President in our Tomball Banking Center and Debbie Lambert
will be Banking Center President in Magnolia. Don Stricklin,
President and CEO, stated, "We are excited to expand our presence
in the Greater Houston metropolitan market. Magnolia is a growing
suburban community with an infrastructure that supports the needs
of growing families yet is within convenient commuting distance to
downtown Houston. The new banking center will be staffed by
individuals with strong local roots; Debbie Lambert, the banking
center manager, is a 17-year banking veteran and a local resident.
Our expansion in the Houston market is another step in growing our
presence in Texas' major metropolitan areas." Texas United
Bancshares, Inc. is a registered financial holding company listed
on the Nasdaq National Market under the symbol "TXUI". Texas United
operates through two wholly owned subsidiary banks, State Bank and
GNB Financial, N.A. and, offers a complete range of banking
services through 20 full-service State Bank banking centers located
in the greater central and south central Texas area and seven full
service GNB Financial banking centers located in Gainesville,
Denton and Ennis, Texas. In addition, State Bank has 18 loan
production offices located in Houston, San Antonio and Austin
through the Bank and its wholly-owned subsidiary, Community Home
Loan, Inc. 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 of Texas United Bancshares, Inc., +1-979-968-7261
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