The acquisition centers on The Bank of San Jacinto County, a non-member institution based in Coldspring. Financial disclosures from June 30 reveal that the target bank holds $41.951 million in total assets, supported by $12.515 million in loans and $35.305 million in deposits. Texas Community Bancshares, which operates as the holding company for Broadstreet Bank, expects the regulatory and integration process to conclude by the first quarter of 2027.
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Texas Community Bancshares Strikes $9.5 Million Deal for Local Rival
A $9.5 million all-cash agreement will see Texas Community Bancshares absorb Banc of San Jacinto County Bancshares, a move designed to expand its footprint in the Lone Star State. Both boards of directors have signed off on the transaction, which promises to consolidate regional assets under the Mineola-based firm.
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