State Bank to acquire Capital One branches

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Joe Nichols, CEO, announced that State Bank has executed a contract to acquire closed Capital One branches at Texas Boulevard and Nash. “Subject to due diligence and regulatory approval State Bank should reopen the branches as State Bank during 2017.”

“We are so excited to be able to offer our traditional community banking services to the businesses and consumers in those markets,” said Chris Lannom, State Bank’s Texarkana Market President. Nichols added, “The Texarkana community has received us well since we entered the market in 2013. We can’t wait to be Nash’s bank, too”.

State Bank, formed in 1934, has $189 million total assets. The bank is based in DeKalb with branches in Clarksville and Texarkana. It has 50 employees.

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