SAN ANTONIO--(BUSINESS WIRE)--Vantage Bancorp, a San Antonio based financial holding company, has entered into a Definitive Agreement to merge with Medina Bankshares, the parent company of D’Hanis State Bank. Pending regulatory approval, the merger is expected to be finalized before the end of the year.
Vantage Bancorp owns and operates five banking centers under the name of Vantage Bank Texas. The merger of Medina Bankshares will add two D’Hanis State Bank centers to the Vantage Bank family, one in D’Hanis, Texas and another in Hondo, Texas.
“We are excited about joining forces with D’Hanis State Bank,” stated Guy Bodine, President and CEO of Vantage Bank Texas. “Our combined banks will better allow D’Hanis Bank to serve and grow in Medina County where they have had a presence for almost 100 years. We are very excited about working with the D’Hanis leadership and existing Board of Directors.”
“Vantage Bank is focused on building long-term relationships,” said Laurie Mayfield, President of D’Hanis State Bank. “In addition to a much higher lending limit, we will now be able to provide our customers with a wider range of banking services and more electronic banking conveniences.”
Vantage Bank Texas is a state chartered bank with $356 million in assets. It was established in 1923 as the First National Bank of Refugio, a community bank that has continuously served the banking needs of Refugio County since that time. The bank specializes in commercial loans for small and medium sized businesses. Currently, Vantage Bank Texas operates two banking centers in San Antonio and one each in Laredo, McAllen and Refugio, Texas.
D’Hanis State Bank is a Texas state chartered institution with $46 million in assets. It has been serving the community banking needs of Medina County since 1916.
Both institutions are members of FDIC.