Lone Star Capital Bank and Cattleman’s National Bank completed their merger on October 1. The banks had announced their plan in June of this year.
The merger will result in Lone Star Capital Bank holding approximately $210 million in total assets. In addition, Lone Star Capital Bank, which currently has three locations in San Antonio, will expand to eight branch locations – in addition to being in San Antonio, the bank will have locations in Marble Falls, Johnson City, Blanco, and Dripping Springs.
Lone Star Capital Bank was started in 2003 after the merger of two banks. They specialize in banking products and services for entrepreneurs, small and medium-sized businesses, executives, professionals, and real estate investors.
Until a full operational merger can be accomplished in 2013, Cattleman’s National Bank will operate as a division of Lone Star Capital Bank.
“The decision of the banks to merge was based on a number of factors. With our combined capital, we will have a greater capacity to attract larger, more profitable business,” said Danny Buck, President and CEO of Lone Star Capital Bank. “And, by sharing the burden of growing regulatory expenses, the bank will have the means to provide customers additional products and services.”
“We are excited for the opportunity to grow with Lone Star Capital Bank,” said Mark Hodges, President and CEO of Cattleman’s National Bank. “Our two solid community banks share the values and focus that fit into our strategic plans to grow in the region.”
Current shareholders of Lone Star Capital Bank will hold ownership of the merged bank; the majority ownership rests with the family of Tom Benson. “Our family ties to the Hill Country are strong,” said Tom Benson. “This merger is a perfect fit for our bank and our plans for growth.”
Customers should direct any questions or concerns regarding the merger of Lone Star Capital Bank and Cattleman’s National Bank to Danny Buck, President and CEO of Lone Star Capital Bank, at 210-496-6116.