First Financial Bankshares To Acquire The Bank & Trust Of Bryan/College Station

ABILENE, Texas, Sept. 19, 2019 /PRNewswire/ — First Financial Bankshares, Inc. (FFIN) today announced that it has entered into a definitive agreement to acquire TB&T Bancshares, Inc. and its wholly owned subsidiary, The Bank & Trust of Bryan/College Station, Texas.  Subject to the terms and conditions of the definitive agreement, the acquisition consideration will consist solely of First Financial Bankshares common stock totaling approximately 6.276 million shares. The acquisition of The Bank & Trust expands First Financial Bankshares’ growing Texas footprint with five branches in Bryan and College Station, the home of Texas A&M University, with more than sixty thousand students and one of the largest universities in the United States.  This community also hosts Blinn College with more than twelve thousand students and the new Rellis Academic Alliance, which is a partnership between Blinn and Texas A&M. This is a high- growth college community that should continue to grow with this higher education influence and all of the related businesses with it.

source https://finance.yahoo.com/news/first-financial-bankshares-acquire-bank-223000603.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.