Regulatory Approval Announced

Word came Tuesday that regulators had cleared the application from Coastal Bend Bancshares, Inc..

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Fed Approves Coastal Bend Bid for Port Lavaca Bank

The approved application allows Coastal Bend Bancshares, Inc. covering its purchase of the Port Lavaca-based First National Bank.

Highlights

  • The Federal Reserve Board approved the application by Coastal Bend Bancshares, Inc.
  • The acquisition target is First National Bank in Port Lavaca
  • Coastal Bend Bancshares, Inc. is based in Corpus Christi, Texas
  • The bank being acquired operates out of Port Lavaca on the Texas Gulf Coast.
  • The announcement was made on Tuesday
  • The press release was issued at 4:30 p.m. EDT

Company Locations

Coastal Bend Bancshares, Inc. is located in Corpus Christi, Texas.

The bank being acquired operates out of Port Lavaca on the Texas Gulf Coast..

Announcement Details

The press release announcing the approval was issued at 4:30 p.m. EDT.

  • Media contact phone: (202) 452-2955