HOUSTON -- Franklin Bank Corp. today announced the closing of its acquisition of TheFirst National Bank of Bryan (FNB). FNB is headquartered in Bryan, Texasand has six banking offices. As of March 31, 2007, FNB had approximately$540 million in assets, $450 million in deposits.
FNB operates six banking offices located in the rapidly growing BrazosCounty. FNB will expand the community banking presence of Franklin BankCorp. in the Central Texas market. The Franklin Family of Community Banksnow has 45 locations to serve our customers.
Andy Black, President and Chief Operating Officer, stated, "During thepast few months, we have developed a solid relationship with The FirstNational Bank of Bryan. Members of their senior management team will beresponsible for various aspects of the community banking network in Texas.With this acquisition, we are adding experienced lenders and bankers to ourteam. They focus on putting the customer first, just as we have alwaysdone."
Tim Bryan, Chairman and Chief Executive Officer of The First NationalBank of Bryan, added, "We are extremely excited about the merger with sucha dynamic banking institution as Franklin Bank. Franklin's philosophy ofhigh performance community banking will continue the great heritage ofFirst National that has grown over the 145 plus years of the bank'sexistence. The merger between these two organizations will create theleading community bank in Texas."
Anthony J. Nocella, President and Chief Executive Officer of FranklinBank Corp., said, "We are looking forward to working with First National'steam of professional bankers. We will maintain the identity of The FirstNational Bank of Bryan. After the acquisition, the customers of The FirstNational Bank of Bryan will have a greater variety of financial servicesand products. We are eager to provide Franklin's wide range of services tothe rapidly growing Brazos County."
