Future Financial Bankshares has agreed to buy Palmer Bancshares in Palmer, Texas.
Future Financial, an entity formed to buy a bank, did not disclose what it will pay for the parent of the $120.4 million-asset Commercial State Bank.
“What began as conversations, relationships, and an unwavering belief that a community bank could be built around a shared vision is one step closer to becoming reality through this announcement,” Jeff Kesler, Future Financial’s chairman and CEO, wrote in a LinkedIn post.
“This is an opportunity to invest in and build upon the strong foundation the Newsom family and team have built,” Kesler added. “One intentionally focused on people, culture, relationships, and creating long term value for employees, clients, shareholders, and the communities where we live.”