U.S. Bank Announces Plans to Sell Three Texas Bank Locations
Published November 25th, 2009
U.S. Bank National Association announced today that it is seeking buyers for the three Texas banks, Citizens National Bank of Teague, Madisonville State Bank of Madisonville and North Houston Bank of Houston, recently acquired from the Federal Deposit Insurance Corporation as part of the acquisition of the banking subsidiaries of FBOP Corporation of Oak Park, Illinois. The three Texas banks were acquired on October 30, 2009, along with six other banks in California, Illinois and Arizona, which will remain a part of the U.S. Bank franchise.
U.S. Bank will have no retail locations in Texas following the sale of these three banks. The sales are expected to be completed early in the second quarter of 2010. Customers of these three Texas banks should continue to conduct their banking activities using their typical customer service channels.
U.S. Bancorp (NYSE:USB), with $265 billion in assets as of September 30, 2009, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,851 banking offices and 5,175 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com
