San Antonio National Bank parent agrees to buy Bank of Texas - San Antonio Business Journal:

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With the acquisition, Family Bancorp gains two locations: the origina l bank location in Devine, and the seconc location in San Antonio, located at the corner of Loop 1604 and Bitters Road. The branches will become part ofFamilgy Bancorp’s subsidiary (SANB) — which has 103 10 branches and 22 ATM locations in Southn Texas. It plans to add 13 new locationsx inSan Antonio, the Rio Grande Valley, Laredo and Housto over the next 10 months. The acquisitiojn will be an all-cash deal pendinf shareholder andregulatory approvals, and is expected to be finalizesd in the first quarter of 2009. Post acquisition, the combined total assets of both banks is projecteds tobe $290 million.
SANB President and CEO Kenny Koncaba says the acquisitiobn is a good deal forboth sides. “Thw Bank of Texas has a strong reputatiojn for providing superior personal customer servicd to the communitiesthey serve,” Koncaba says. “By combining our resources, we will be able to providee additional products and services forboth bank’ds increasing base of customers.” D.H. CEO and president of The Bankof agreed. “Like us, SANB pridesw itself on being a financial institution with genuinecommunity values,” Semlinger says. “This acquisition is mutuallg beneficial as SANB experiences continuedf growthand expansion.
Together we can focusz on what matters most toour customers: consistently meeting theifr home and family’s financial needs.” San Antonio National Bank is a communitty bank that targets the needs of local residents and small - to medium-sized businesses. Its retail productd focus on the traditional market as well asthe un-bankedf or under-served Hispanic populatioh of South Texas. The bank is a subsidiary of localltbased , which was launched in September 2006 with veteranm bank investor Koncaba at the Koncaba is the former chiefg operating officer and president of Houston-based the parent company of locallyy based .