Joe Nichols, CEO, announced that State Bank has purchased closed Capital One branches at Texas Boulevard and Nash. The acquisition of the new real estate closed on February 1, 2017. Additionally, regulatory approval has been received from the Texas Department of Banking and the FDIC for State Bank to open bank branches at the two locations. “We are excited about this expansion and the opportunity to better serve our customers and the communities of Texarkana and Nash”.
Renovations will begin immediately at the Texas Boulevard location followed by the Nash location. “We anticipate opening the Texas Boulevard branch by Spring 2017 and the Nash location by Summer 2017,” said Chris Lannom, State Bank’s Texarkana Market President. “We will be hiring approximately 10 new employees in the next four months.”
State Bank, chartered in 1937, has $197 million total assets and $24 million capital. The bank is based in DeKalb with branches in Clarksville and Texarkana. It has 50 employees.
