Business Notes for 10-30

Published on Sunday, 29 October 2017 17:36 - Written by

ACQUISITION

Henderson Citizens Bancshares, Inc., the bank holding company for Citizens National Bank (CNB), in Henderson, announced last week that it has entered into an agreement to acquire Union State Bancshares, Inc. and its banking subsidiary, Union State Bank (USB), a community bank with assets totaling more than $470 million, as of June 30, 2017. Founded in 1928, USB is a full-service bank with eight locations and has been operated by the Beck family since 1955.

The transaction would expand CNB’s footprint into the fast-growing Texas counties of Bell and Williamson.