Holland & Knight advised Southwestern Bancorp Inc., the holding company for Texas Heritage Bank, in its merger with Liberty Capital Bancshares Inc., the holding company for Liberty Capital Bank, a community bank with $415 million in assets. The transaction closed on Jan. 10.
The combined entity has $640 million in assets under management, which helps position it for further growth, larger loan capacity and competitive advantage.
Boerne, Texas-based Texas Heritage Bank is a community bank with $225 million in assets and locations in San Antonio, Boerne and Cross Plains, Texas, with 40 employees. The bank's origination dates to 1931 with the Citizens State Bank.
Holland & Knight Partner Bruce Toppin and Associate Claire Lydiard (M&A) led the firm's representation of Southwestern Bancorp.