Franklin Bank Corp. Completes Acquisition of First National Bank

The oldest bank in Texas has officially changed owners. Franklin Bank Corp. announced Wednesday the closing of its acquisition of First National Bank of Bryan.

The value of the deal is $134 million, plus excess capital, making the total transaction $150 million, said Tim Bryan, First National's chairman and CEO.

The merger was announced in December 2006.

“Franklin’s philosophy of high performance community banking will continue the great heritage of First National that has grown over the 145 plus years of the bank’s existence,” Bryan said. “The merger between these two organizations will create the leading community bank in Texas.”

Most of the bank's current employees will remain the same, however, twenty backroom positions will be eliminated later this year, said Bryan.
First National Bank is headquartered in Bryan and has six banking offices.

As of March 31, 2007, FNB had approximately $540 million in assets, $450 million in deposits, according to information provided by the bank.

Andy Black, President and Chief Operating Officer said, "During the past few months, we have developed a solid relationship with The First National Bank of Bryan. With this acquisition, we are adding experienced lenders and bankers to our team. They focus on putting the customer first, just as we have always done."

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 7452486 -
Gray Television, Inc.