Austin Bank Receives Regulatory Approval
January, 2008


Monday, January 28, 2008:  Austin Bank announced that regulatory approval has been received for the Bank’s acquisition of City National Bank, Kilgore, Texas.  The acquisition date of February 15, 2008 will create combined assets of $970 million and 28 convenient East Texas locations for Austin Bank.

Vice Chairman Austin stated, “We are expanding our commitment to East Texas and welcome the opportunity to serve the customers of City National Bank.  They will be able to continue banking at all existing locations in Kilgore, Gladewater and Longview while having access to our other locations in East Texas.  We are committed to providing the exceptional service to which they have become accustomed as customers of City National Bank, and look forward to offering them not only advancements in technology, online banking, bill pay and a full line of personal and business products, services, but access to more convenient locations.”

Austin Bank, a community bank with headquarters in Jacksonville, Texas, has in excess of $800 million in assets with 23 offices in nine counties throughout East Texas.


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