Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas.
The $1.7 billion-asset Citizens and the $83 million-asset Kilgore did not disclose the price of the deal, which was announced Thursday and is expected to close in the third quarter.
Kilgore National was founded in 2000. Its president and CEO, Larry Haire, said in a press release that the deal with Citizens National would create "a great opportunity for our shareholders and a much larger banking network for our customers."
Mike Keeley of Norton Rose Fulbright was Citizens' legal adviser on the deal, Mark Haynie of Haynie Rake Repass & Klimko was Kilgore National's legal adviser and Jacob Thompson of SAMCO Capital Markets was Kilgore's lead financial adviser.