Amador Bancshares in Las Cruces, N.M., has agreed to buy BBS Corp. in Socorro, N.M.
Amador, the holding company of the $1.2 billion-asset Citizens Bank, did not disclose the price it will pay for the parent of the $186 million-asset First State Bank. The deal is expected to close in the fourth quarter.
First State has four branches.
“We are delighted to welcome the customers and employees of First State Bank into the Citizens Bank family,” Travis Hillman, Citizens’ president and CEO, said in the release. “This partnership brings together two community-focused organizations that share a deep passion towards relationship-driven banking. Our combined customers will continue to see and feel the same personal attention and care they have come to know, expect and trust.”
Performance Trust Capital Partners and Fenimore Kay Harrison advised Amador. Olsen Palmer and Bradley Arant Boult Cummings advised BBS.