Southside Bancshares Inc. in Tyler has merged Fort Worth National Bank into Southside Bank.
The $2.3 billion-asset Southside became a one-bank holding company with the change.
It acquired the $126 million-asset Fort Worth Bank for $36.5 million in cash last October, but had operated the bank under a separate charter until the merger Monday.
"It is our pleasure to welcome Fort Worth National Bank customers to the Southside Bank family," B. G. Hartley, chairman and chief executive officer of Southside Bancshares Inc., said in a press release. "We are excited about expanding the Southside name and franchise in the growing and dynamic Tarrant and Travis County markets. Now that we have completed the merger process, we will be able to provide Fort Worth, Arlington, and Austin customers with the full range of financial services and expanded resources Southside Bank offers."
