Plains State Bank in Humble, Texas, bought a wealth management and tax business.
The $780 million-asset bank said in a press release that it bought Core+ Financial Strategies and Core+ Tax Strategies. The pricing wasn’t disclosed.
“The principals at Core+ have been helping clients with investment planning for many years,” Lori Hilman, Plains State’s president and chief operating officer, said in the release.
“It just made sense that this was the next step: Rather than having this longtime referring relationship, let’s have Core+ become a part of our family,” she added.
Core+ Financial Strategies handles more than $300 million of client assets. The company has offices in Houston and Cypress, Texas.