East Texas Bankshares of Livingston plans to merge its two banks.
The company said it will merge the $311 million-asset First National Bank of Jasper into the $438 million-asset First State Bank in Livingston.
“We feel strongly that our customers and communities we service are really going to benefit from this merger,” Stephen Ernest, president and CEO of First National Bank, told KJAS.com.
Robert Sebaugh, president and CEO of First State Bank of Livingston, will serve as CEO of the combined, and Ernest will become president.