Thursday, October 21, 2021
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Fort Worth group acquires Texas bank for expansion

🕐 2 min read

CapTex Bancshares, Inc., a Fort Worth-based bank holding company, has acquired the First National Bank of Trenton. The Trenton, Texas-based bank is a 116-year-old community bank has five locations that serve towns throughout North Texas, including Trenton, Melissa, Bonham, Farmersville, and Leonard. A sixth location in Fort Worth will be open in 2018, according to CapTex officials and there are plans for expansion throughout other North Texas cities. According to the Federal Deposit Insurance Corp. data, First National Bank of Trenton has $191.5 million in assets.

“This acquisition represents the beginning of CapTex’s commitment to create a premier community banking franchise throughout Texas,” said George Lea, chairman and CEO of CapTex and First National Bank of Trenton. “Given its 116 years of existence, the First National Bank of Trenton has a rich history of helping grow businesses and serving individuals through multiple generations and all economic cycles.”

CapTex principals who will hold leadership positions at First National Bank of Trenton include Lea as CEO and chairman, Mike Thomas Jr. as president and chief lending officer, and J. Richard Barajas as the bank’s chief credit officer. Institutional investment for the acquisition was provided by Bay Boston and Clover Partners L.P.

“Our team of management, combined with an extraordinary external board of directors, will honor this legacy and create a bank clinging to the principles of community banking, with an unmatched commitment to technology, security, and the delivery of a complete platform of services to match almost any need,” said Lea.

CapTex Bancshares, Inc. is a bank holding company established in 2015. The CapTex board of directors and advisors are composed of senior business leaders, including Lea as CEO and chairman, and Thomas Jr. as president and chief lending officer. Other key board members and advisors include Tony Schell, partner with Escalate Capital Partners; Mark A. Welsh IV, managing director with EnCap Investments; Jim Cone, manager at Cone Elevator of Lubbock; Richard Toomey, principal at BayBoston; Johnny Guerry, principal at Clover Partners, L.P.; Adam Laird, vice president of Cornerstone Home Lending, Inc.; and Edward Ellis, executive vice president at Houston International Insurance Group.

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