Posted On: January 24, 2025 by Austin Bank in: General
Jeff Austin III, Chairman of the Board of Austin Bank, Texas National Association, announced Austin Bancorp, Inc., the parent company of Austin Bank, has received regulatory approval for the bank’s acquisition of The Chasewood Bank, Houston, Texas.
The acquisition date of February 14, 2025, will create combined assets of $2.9 billion with 40 locations for Austin Bank.
Chairman of the Board, Jeff Austin III stated, “We are expanding our presence in Southeast Texas and welcome the opportunity to serve the customers of Chasewood. We pledge to deliver the exceptional service Chasewood customers have come to expect. Additionally, we look forward to offering advancements in technology; relationship banking along with a complete range of personal and business products and services; drive-thru ATMs; as well as access to all Austin Bank locations.”
Tim OBrien | Jan 27th 2025 @ 7:57 PM
Congratulations Jeff