Jeff Austin III, Chairman of the Board of Austin Bank, Texas National Association, announced Austin Bancorp, Inc., the parent company of Austin Bank, has received regulatory approval for the bank’s acquisition of The Chasewood Bank, Houston, Texas.
The acquisition date of Feb. 14, 2025, will create combined assets of $2.9 billion with 40 locations for Austin Bank.
“We are expanding our presence in Southeast Texas and welcome the opportunity to serve the customers of Chasewood. We pledge to deliver the exceptional service Chasewood customers have come to expect. Additionally, we look forward to offering advancements in technology; relationship banking along with a complete range of personal and business products and services; drive-thru ATMs; as well as access to all Austin Bank locations,” said Chairman of the Board Jeff Austin III.
Austin Bank, a community bank headquartered in Jacksonville, Texas, has been voted one of the “Best Places to Work in Texas” for 15 consecutive years.
Austin Bank is locally owned and operated by the Austin family who is celebrating 115 years of service in the Texas banking industry.
More information about Austin Bank may be found on the bank’s website at http://www.austinbank.com.