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.
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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