TEXAS COMMUNITY BANCSHARES, INC. AND THE BANC OF SAN JACINTO COUNTY BANCSHARES, INC., THE PARENT OF THE BANK OF SAN JACINTO COUNTY, COLDSPRING, TEXAS, ANNOUNCE MERGER AGREEMENT
Key Highlights
- ➤SJCB acquisition agreed in $9.5 million all-cash transaction
- ➤SJCB Bank reported $41.951 million assets and $35.305 million deposits
- ➤Merger expected to close in first quarter of 2027
- ➤Closing requires regulatory approvals and SJCB shareholder approval
Expert Statements
Jason Sobel, President and Chief Executive Officer of Texas Community Bancshares, Inc.
“We are pleased to welcome SJCB Bank, its customers and its employees to our organization.”
Jason Sobel, President and Chief Executive Officer of Texas Community Bancshares, Inc.
“This transaction is a natural extension of our strategy to grow thoughtfully in markets we know and understand, and it brings together two institutions that share a deep commitment to relationship-based community banking.”
Jason Sobel, President and Chief Executive Officer of Texas Community Bancshares, Inc.
“SJCB Bank has earned the trust of San Jacinto County over more than 60 years, and we intend to honor that legacy.”
Jason Sobel, President and Chief Executive Officer of Texas Community Bancshares, Inc.
“We believe this combination will give SJCB Bank's customers access to a broader range of products, services and lending capacity, while creating long-term value for our shareholders.”
Denny Clark, Chief Executive Officer of SJCB Bank
“For more than six decades, SJCB Bank has been proud to serve the families and businesses of San Jacinto County, and that mission has guided every decision we have made, including this one.”
Denny Clark, Chief Executive Officer of SJCB Bank
“After careful consideration, our board concluded that joining Texas Community Bancshares is the right step for our shareholders, our customers and our employees.”
Denny Clark, Chief Executive Officer of SJCB Bank
“We share the same values and the same belief in local, personal service.”
Denny Clark, Chief Executive Officer of SJCB Bank
“We are confident that, as part of a larger organization, we will be able to serve our community even more effectively for years to come.”
TEXAS COMMUNITY BANCSHARES, INC. AND THE BANC OF SAN JACINTO COUNTY BANCSHARES, INC., THE PARENT OF THE BANK OF SAN JACINTO COUNTY, COLDSPRING, TEXAS, ANNOUNCE MERGER AGREEMENT PR Newswire
MINEOLA, Texas and COLDSPRING, Texas, Oct. 29, 2026 /PRNewswire/ -- Texas Community Bancshares, Inc. (NASDAQ: TCBS) (the "Company") and The Banc of San Jacinto County Bancshares, Inc. ("SJCB") jointly announced today that they have entered into a definitive merger agreement (the "Merger Agreement"). Under the agreement, the Company will acquire SJCB in an all-cash transaction (the "Merger"). This includes SJCB's wholly owned subsidiary, The Bank of San Jacinto County, a Texas non-member bank headquartered in Coldspring, Texas ("SJCB Bank").
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