First Financial to Acquire Commercial State Bank

First Financial Bankshares Inc. entered into an agreement to acquire Commercial Bancshares Inc., and its wholly owned subsidiary, Commercial State Bank in Kingwood, TX. First Financial, headquartered in Abilene, TX, anticipates paying approximately $59.4 million to acquire Commercial Bancshares, which has branches just outside of the Houston metro. The acquisition is expected to be finalized in Q1 2018, pending shareholder and regulatory approval.

The acquisition would expand First Financial’s footprint into the cities of El Campo, Fulshear, Kingwood and Palcios, TX.  “Once this acquisition is completed, we will have banking operations throughout Texas, with 73 locations that span from Hereford in the Panhandle to Orange in southeast Texas,” said F. Scott Dueser, chairman, president and CEO of First Financial Bankshares.

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