Professional football star Patrick Mahomes has become the second-biggest investor in American State Bank in Tyler, Texas.
The $758 million-asset bank did not disclose how much Mahomes invested or his stake.
American State said the investment will help it with expansion and digital transformation.
“I opened my first account with American State Bank when I was just 16-years old,” Mahomes said in the release. “From my time at Texas Tech and throughout my career in Kansas City, ASB has been a constant in my life and I’m proud to join the ownership group during its transformation into a major player in the Lubbock market, Texas and the new digital economy.”
“As a life-long Texan, to have the opportunity to team up with someone as inspirational as Patrick as we transform ASB from a local bank in our great state to a global bank of the future is a dream come true,” Brandon Steele, the bank’s chairman, said. “We’re excited to be supporting this weekend’s celebratory events at Texas Tech and look forward to our shared successes in the future.”
American State hired more than 35 bankers in the Lubbock, Texas, area as it plans to open a branch in the market.