Carlile in Texas Wins OK to Bid

Carlile Bancshares Inc. in Texas announced that it has raised $328 million of capital and been given approval by regulators to bid on larger failed banks.

The Fort Worth group, led by veteran Texas bankers Tom C. Nichols and Don E. Cosby, plans to use its national bank shelf charter under the name Carlile Bank to acquire failed banks or to make open-bank deals, Tuesday's release said.

Carlile Bank received approval Sept. 15 from the Federal Deposit Insurance Corp. to bid on failed banks with up to $3.28 billion of assets. The company wants to build a regional bank, targeting markets in Texas, New Mexico, Oklahoma and Colorado.

Nichols and Cosby created their banking legacy by forming State National Bancshares Inc. and its subsidiary, State National Bank, in Lubbock, Texas, in 1996.

The company made nine acquisitions by 2005, went public and topped $1.7 billion of assets before it was sold to BBVA S.A. in 2007.

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