Texas Brand Bank in Dallas and Harmony Bank in Kemp, Texas, have agreed to merge.
The $330 million-asset Texas Brand Bank plans to adopt the $350 million-asset Harmony Bank’s name. The price wasn’t disclosed.
“Merging with Harmony … is synergistic for our teams, and we look forward to the benefits it will bring to our customers,” Bubba Tomlinson, Texas Brand’s chairman, said in a press release.
“We’re committed to maintaining the great personal service that our customers have come to expect from us,” Tomlinson added.
William Lowe, Texas Brand’s president and CEO (pictured), will retain those titles. Tomlinson, Lowe and two other Texas Brand directors will join Harmony’s board.
Harmony was created from the July merger of First National Bank of Kemp and First State Bank of Rice.
Harmony was advised by Fenimore Kay Harrison. Texas Brand was advised by Bradley Arant Boult Cummings and Commerce Street Capital.