BOM Bank Completes Acquisition of Nine American State Bank Locations in Texas

BOM Bank Completes Acquisition of Nine American State Bank Locations in Texas

Natchitoches, Louisiana - Grant Bancshares Inc., the parent bank holding company for BOM Bank and headquartered in Natchitoches, Louisiana, is proud to announce the successful completion of its acquisition of nine American State Bank locations across Texas. This acquisition is a significant milestone in BOM Bank's strategic growth plan, enhancing its regional footprint and expanding its ability to provide exceptional banking services to more communities. 

The acquired locations, which include branches in Haslam, Timpson, Center, Lufkin, Huntington, Chester, and Conroe, will continue to offer the personalized service that customers have come to expect. With this expansion, BOM Bank now operates 26 branches and two operations facilities across Louisiana and Texas, further solidifying its presence as a trusted community bank in the region. 

Ken Hale, President and CEO of BOM Bank, expressed his enthusiasm for the completed acquisition, stating, "We are thrilled to welcome the customers and employees of American State Bank into the BOM Bank family. This expansion aligns perfectly with our mission to provide accessible, community-focused banking solutions, and we look forward to building lasting relationships with our new customers in Texas."

The acquisition also underscores BOM Bank's commitment to supporting economic growth in the communities it serves. As a certified Community Development Financial Institution (CDFI), BOM Bank remains dedicated to promoting financial inclusion and supporting underbanked communities with innovative financial products and services tailored to their needs. With offerings like a credit builder program and a certified BankOn checking account, BOM Bank is providing tailored resources needed for financial growth. The recent acquisition of American State Bank locations reinforces the dedication to boosting economic prosperity and improving the quality of life for communities in Louisiana and Texas, solidifying its role as a leading community bank in the region.

For more information about BOM Bank and its expanded services, please visit bofm.com or follow us on social medi a@bomest1903.

About BOM Bank:
Established in 1903 in Montgomery, Louisiana, BOM Bank has grown from a local institution with $15,000 in capital to a community-focused bank with over $1 billion in assets. BOM Bank offers a range of financial services, including banking, insurance, and investment opportunities through its subsidiary, BOM Financial Services. With a deep commitment to community engagement and employee development, BOM Bank continues to build on its legacy of trust and service. Learn more at bofm.com or follow us on social media @bomest1903. BOM - a face you know, a bank you can trust.