Legend Bancorp in Bowie, Texas, has agreed to buy Graham Savings and Loan in Graham, Texas.
The $1.2 billion-asset Legend said in a press release that it expects to buy the $160 million-asset Graham Savings this fall. The price wasn’t disclosed.
“As a locally-owned, community bank focused on our employees, customers, and communities, we have a similar DNA,” Jay Bearden, Legend’s president and CEO, said in the release. “We share many of the same values, from investing in our people to putting customers first. From our earliest conversations, it was clear there was strong alignment in how we think and operate.”
Hunton Andrews Kurth and The Bank Advisory Group advised Legend. Bradley Arant Boult Cummings and Hillworth Securities advised Graham Savings.