Tuesday, November 25, 1997
FFB Merger Completed
First Financial Bankshares Inc. of Abilene has completed its
merger with a bank and bank holding company in Southlake.
Texas National Bank of Southlake and its parent, Southlake
Bancshares Inc., are now apart of First Financial Bankshares.
The stock exchange agreement, initiated last August, turns
over the north Tarrant County bank, its $55 million in assets
and its full-service branch near the Trophy Club.
Kenneth T. Murphy, chairman and CEO of First Financial Bankshares,
said the new bank has an impressive growth record. It will continue
to operate under its current directors and management.
First Financial Bankshares has assets of almost $1.5 billion
and shareholders' equity of $140 million. Its banks include First
National Bank of Abilene, First National Bank in Cleburne, Eastland
National Bank, Hereford State Bank, San Angelo National Bank,
Stephenville Bank and Trust, First National Bank in Sweetwater
and Weatherford National Bank.
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Copyright ©1997,
Abilene Reporter-News / Texnews / E.W. Scripps. Publications
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