North Channel Sentinel - News
Crosby State bank acquired by Community Bank of Texas
By MATT HOLLIS
The shareholders of CBFH, Inc., the holding company for CommunityBank of Texas, are acquiring Crosby Bancshares, the holding company for Crosby State Bank. The transaction became official Dec. 16.
“It is a good fit for us,” said Mark Mulloy, Crosby State Bank CEO/vice chairman. “Nobody is leaving us. We will offer the same good service as always.”
J. Pat Parsons, chairman and CEO of CommunityBank of Texas, concurred that the current Crosby State Bank management team will remain at the bank.
“Crosby State Bank management has done an excellent job serving their customers,” stated Parsons. “We look forward to working with Mark Mulloy and Brent Hughes and using their local market expertise to better provide expanded banking services and resources to the communities we serve.”
Hughes serves as president of Crosby State Bank.
“We expect the transition to be completely seamless,” Parsons said. “Customers will notice no difference in the name of their bank, the way the phones are answered or the bank personnel who serve them. All account numbers will remain the same and customers may continue using their checks and debit cards as they always have.”
Assets for Community Bank of Texas are now over $1.1 billion with merger. They opened in August 2007 with assets of $183 million and seven branches. The addition of Crosby State Bank’s eight branches brings the number of CommunityBank of Texas banking centers up to 25 throughout Southeast Texas and the Crosby area.
“It is a good fit for us,” said Mark Mulloy, Crosby State Bank CEO/vice chairman. “Nobody is leaving us. We will offer the same good service as always.”
J. Pat Parsons, chairman and CEO of CommunityBank of Texas, concurred that the current Crosby State Bank management team will remain at the bank.
“Crosby State Bank management has done an excellent job serving their customers,” stated Parsons. “We look forward to working with Mark Mulloy and Brent Hughes and using their local market expertise to better provide expanded banking services and resources to the communities we serve.”
Hughes serves as president of Crosby State Bank.
“We expect the transition to be completely seamless,” Parsons said. “Customers will notice no difference in the name of their bank, the way the phones are answered or the bank personnel who serve them. All account numbers will remain the same and customers may continue using their checks and debit cards as they always have.”
Assets for Community Bank of Texas are now over $1.1 billion with merger. They opened in August 2007 with assets of $183 million and seven branches. The addition of Crosby State Bank’s eight branches brings the number of CommunityBank of Texas banking centers up to 25 throughout Southeast Texas and the Crosby area.
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