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4/19/2012 |
Econ |
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New Braunfels' First State Bank to Merge with First Victoria National Bank |
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(New Braunfels, TX) -- It looks like First State Bank, based here in New Braunfels, will soon be going by a new name, after its parent company agreed to a merger with Victoria-based First Victoria National Bank. The Austin Business Journal reports that financial terms of the merger were not disclosed, but once complete, First State Bank (and its 5 locations in and around the New Braunfels area) will begin operating under the First Victoria National Bank name. First State is a division of Capitol Bankshares Inc, a Smithville-based company that the Austin Business Journal reports was founded in 1895 and which recently reported 270-million dollars in assets. Learn More...
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