Grant Bancshares Inc., the parent bank holding company for BOM
Bank and headquartered in Natchitoches, Louisiana, is proud to announce the successful
completion of its acquisition of nine American State Bank locations across Texas. This
acquisition is a significant milestone in BOM Bank’s strategic growth plan, enhancing its regional
footprint and expanding its ability to provide exceptional banking services to more communities.
The acquired locations, which include branches in Haslam, Timpson, Center, Lufkin, Huntington,
Chester, and Conroe, will continue to offer the personalized service that customers have come
to expect. With this expansion, BOM Bank now operates 26 branches and two operations
facilities across Louisiana and Texas, further solidifying its presence as a trusted community
bank in the region.
Ken Hale, President and CEO of BOM Bank, expressed his enthusiasm for the completed
acquisition, stating, “We are thrilled to welcome the customers and employees of American
State Bank into the BOM Bank family. This expansion aligns perfectly with our mission to
provide accessible, community-focused banking solutions, and we look forward to building
lasting relationships with our new customers in Texas.”
The acquisition also underscores BOM Bank’s commitment to supporting economic growth in
the communities it serves. As a certified Community Development Financial Institution (CDFI),
BOM Bank remains dedicated to promoting financial inclusion and supporting underbanked
communities with innovative financial products and services tailored to their needs. With
offerings like a credit builder program and a certified BankOn checking account, BOM Bank is
providing tailored resources needed for financial growth. The recent acquisition of American
State Bank locations reinforces the dedication to boosting economic prosperity and improving
the quality of life for communities in Louisiana and Texas, solidifying its role as a leading
community bank in the region.
For more information about BOM Bank and its expanded services, please visit bofm.com or
follow us on social media @bomest1903.