Texas United Bancshares, Inc. Announces Opening of Two Mortgage Loan Offices in Austin
2005年1月14日 - 10:20PM
PRニュース・ワイアー (英語)
Texas United Bancshares, Inc. Announces Opening of Two Mortgage
Loan Offices in Austin LA GRANGE, Texas, Jan. 14
/PRNewswire-FirstCall/ -- Texas United Bancshares, Inc.
(NASDAQ:TXUI), a growing community banking organization located in
north and south central Texas, announced that its State Bank
subsidiary has expanded into the Austin market with the opening of
two additional mortgage offices. The two new offices bring State
Bank's total number of mortgage loan production offices to
eighteen. President and CEO Don Stricklin commented, "Mortgage
banking has become an increasingly important source of fee income
for our organization, and these two new offices will give us
critical mass in the important Austin market." For the first nine
months of 2004, mortgage banking revenue was $6.2 million, or 17.5
percent of revenue for that period. Of this total, $5.5 million was
generated from gains on the sale of loans sold by Community Home
Loan, Inc., acquired in February 2004, in addition to $715,000 in
mortgage servicing revenue. "We are pleased to have found the right
people to expand our presence in the Austin market," Mr. Stricklin
continued. "David McMillan and Scott Parshall, who will be managing
these offices, are seasoned professionals with extensive mortgage
banking expertise in the Austin marketplace." 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 of Texas United Bancshares, Inc., +1-979-968-7261
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