American Bank is pleased to announce that it has completed its acquisition of TexStar National Bank after a successful core systems conversion this past week. TexStar, its clients, and six San Antonio-area branches are now fully integrated and part of the American Bank system.
Following this merger American Bank now has 19 locations across South and Central Texas, in the communities of Austin, Corpus Christi, Houston, New Braunfels, Port Aransas, Rockport, San Antonio, Goliad and Victoria.
“From the moment we announced our intention to acquire TexStar last June, it has been a well-coordinated and enjoyable process all the way to the finish,” said Stephen C. Raffaele American Bank’s President and CEO. “Both organizations quickly came together as a team in order to make the conversion process as smooth as it could be for clients. We’re so happy to now be able to put our full attention on serving the banking needs of our clients and communities using the same approach we’ve perfected over the past 52 years. It’s an exciting time to be at American Bank!”
American Bank’s acquisition of TexStar, which received regulatory approval and became effective in October 2022, was originally announced in June 2022.
About American Bank
American Bank was founded in Corpus Christi, Texas in 1970. It is an independent financial institution with assets of $2.4 billion as of December 31, 2022. American Bank has 19 locations in the Texas communities of Austin, Houston, San Antonio, New Braunfels, Corpus Christi, Port Aransas, Rockport, Goliad, and Victoria. In December 2021, American Bank acquired ACG Equipment Finance based in Austin, Texas, which provides financing for essential business use equipment across the United States. In October 2022, American Bank announced it had received regulatory approval and closed on its acquisition of TexStar National Bank. American Bank’s strategic plan includes growth in the size and scope of the bank’s operations and geographic footprint; an exceptional banking experience for clients; and a position as a leading regional Texas bank. Services include Commercial Banking, with Centers of Excellence specializing in commercial real estate, medical, energy, SBA and technology lending; a full range of Personal and Business Banking services, including business and personal deposit accounts and loans; Wealth Management services including Private Banking, Investment Management, Trust and non-bank investments; a full suite of technology-enabled Treasury Management services; home mortgage and construction-related loans; and a full range of electronic banking services. More information can be found at www.americanbank.com. Member FDIC. Equal Housing Lender.