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 the original bank locationin Devine, and the seconxd location in San Antonio, locatecd at the corner of Loop 1604 and Bitters The branches will become part of Family Bancorp’a subsidiary (SANB) — which has 103 10 branches and 22 ATM locations in South It plans to add 13 new locationss in San Antonio, the Rio Grande Valley, Laredlo and Houston over the next 10 months. The acquisitio n will be an all-cash deal pending shareholder and regulatory and is expected to be finalizeed in the first quarterof 2009.
Post acquisition, the combinee total assets of both banks is projected tobe $290 SANB Chairman, President and CEO Kennh Koncaba says the acquisition is a good deal for both “The Bank of Texas has a strong reputatio n for providing superior personall customer service to the communities they serve,” Koncab a says. “By combining our we will be able to providde additional products and services forboth bank’s increasing base of customers.” D.H. CEO and president of The Bankof Texas, “Like us, SANB prides itself on being a financiao institution with genuine community values,” Semlinger says.
“This acquisitionn is mutually beneficial as SANB experiences continued growtuand expansion. Together we can focus on what matterw most toour customers: consistently meeting their home and family’sz financial needs.” San Antonio National Bank is a community bank that target the needs of local residents and small to medium-sized businesses. Its retail products focus on the traditionalk market as well asthe un-banked or under-served Hispanix population of South Texas. The bank is a subsidiary of locallybased , which was launches in September 2006 with veteran bank investor Koncabwa at the helm.
Koncaba is the former chief operatin officer and presidentof Houston-based — the parenyt company of locally based .