Fort Worth-based Carlile Bancshares Inc. completed its acquisition of Community Bankers Inc., also headquartered in Fort Worth, on Aug. 12. Under the acquisition, Carlile will merge Community Bankers’ subsidiary Community Bank with Northstar Bank of Texas, a wholly owned subsidiary of Carlile. Community Bank, with assets of $570 million and 10 locations, will be rebranded as Northstar Bank of Texas with Tony R. Clark, Northstar’s president and chief executive officer, at the helm. “Northstar Bank of Texas has great coverage in the North Texas areas of Denton, Collin and northern Tarrant counties. Community Bank’s coverage of Southwest Tarrant County, Hood, Johnson, Dallas and Rockwall counties will be a great compliment to our existing North Texas branches,” Nichols said.
In May, when the deal was announced, Carlile officials said Community Bank will be rebranded as Northstar Bank of Texas with Tony R. Clark, Northstar’s president and chief executive officer, at the helm. The merger increases Northstar’s 17 banking branches to 27 in the North Texas and Austin areas with combined assets of $1.7 billion. Northstar Bank of Texas, the largest community bank in Denton County, was acquired by Carlile Bancshares in July 2012. The Carlile portfolio includes banks in Colorado, Austin and Marble Falls as well as Goldome Financial Inc., which provides warehouse lines of credit to the mortgage lending industry. Together, with Northstar Bank Colorado’s assets of $600 million and 22 locations, this brings Carlile’s total assets to $2.3 billion and 49 locations across Texas and Colorado.
Betty Dillard email@example.com