BOM Bank to acquire American State Bank locations

The Texas Department of Banking has approved Natchitoches, LA-based BOM Bank to acquire nine of American State Bank’s locations in Texas including Center, Haslam, Timpson, Lufkin, Lufkin Chestnut, Huntington, Chester, Conroe and one soon to be renovated location.

Chairman of the Board and Regional Market President of American State Bank Mark Lowery  said, “BOM Bank is deeply familiar with small town banking in East Texas. We are confident our customers will be pleased with the additional banking locations and services offered through BOM Bank. These locations may have a new name, but the faces that customers know will be the same.”

BOM Bank President and CEO Ken Hale expressed his enthusiasm for the agreement, stating, “We are thrilled to welcome the customers and employees of American State Bank to the BOM Bank family. This acquisition aligns with our mission to deliver exceptional banking solutions while upholding the values of integrity, reliability and community engagement.”