Community Bank Holdings of Texas, Inc. (“CBHT”), the holding company of Community National Bank & Trust of Texas (“CNB&T”), and CapTex Bancshares, Inc. (“CapTex”), the holding company of CapTex Bank, announced last week on January 7, 2025 the signing of a definitive merger agreement pursuant to which CBHT will acquire CapTex. The transaction has been approved by the board of directors of each company, is expected to close in the second quarter of 2025, and is subject to customary regulatory and shareholder approvals.

Founded in 1901, CapTex Bank has established itself as a reputable full-service community bank, with five well-positioned locations in Fort Worth, Bonham, Leonard, Melissa, and Trenton, Texas. As of September 30, 2024, CapTex Bank had approximately $344 million in assets, $295 million in net loans and leases, and $298 million in deposits. With approximately $1.7 billion in assets with 18 branches across Texas following the proposed acquisition, CNB&T looks forward to expanding its footprint into the fast-growing Texas market.

Rusty Hitt, CEO of CNB&T, commented, “We are pleased to inherit the legacy of a strong community bank like CapTex Bank and mark another milestone in our long-term growth strategy. Our shared values, centered on delivering a community bank experience, allows us to leverage our collective strengths and resources to provide even greater support and opportunities to our new and legacy communities.”

“On behalf of our Board and management team, we are thrilled to partner with CNBT. Throughout the negotiation process, it is clear we share a vision of personalized service that only community banks can provide. I am pleased that our customers will benefit from continued relationships with our staff members while reaping the benefits of an expanded platform of services, including wealth management and mortgage origination, as well as access to CNBT’s convenient branch presence.” said George Lea, CapTex Bank Chairman and Chief Executive Officer.

CBHT was advised by Hillworth Bank Partners as financial advisor and Hunton Andrews Kurth LLP as legal counsel. CapTex was advised by Performance Trust Capital Partners as financial advisor and Fenimore Kay Harrison LLP as legal counsel.