Gateway Announces Acquisition of Colonial Savings

JENKS, Okla.--(BUSINESS WIRE)--Gateway First Bank (“Gateway”) announced today it has entered into an agreement to acquire Colonial Savings, F.A. (“Colonial”), a Texas-based financial institution serving customers through six locations across the greater Fort Worth market. The transaction is expected to close in the first quarter of 2027, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

The acquisition brings together two organizations with deep roots in mortgage lending and a shared commitment to building lasting customer relationships. For decades, both Gateway and Colonial have helped customers achieve homeownership while providing financial guidance and services to support their long-term financial success.

"Colonial has built an impressive legacy centered on exceptional service, strong community relationships, and helping families and businesses achieve their financial goals," said Kyle Hubbard, Gateway CEO. "We are honored to welcome Colonial’s customers and team members to Gateway and look forward to building on the strengths of both organizations."

Colonial customers will continue to receive the personalized service they have come to expect while gaining access to the resources and capabilities of a growing financial institution committed to relationship banking. The combination strengthens Gateway's presence in Texas and expands its ability to serve customers with a comprehensive suite of financial services, including personal banking, business banking, payment solutions, mortgage lending, treasury management, consumer lending, and wealth management.

The partnership is particularly meaningful given the shared mortgage heritage of both institutions. Gateway has grown into one of the nation's leading mortgage lenders, while Colonial has earned the trust of generations of Texans through its expertise in home financing, commercial lending, and community banking. By bringing together Gateway's scale and resources with Colonial’s strong Texas presence and community-focused approach, the combined organization is well-positioned to meet the evolving needs of customers throughout the region.

"Both organizations share a belief that financial services should be built around relationships, trust, and local decision-making," said Jim DuBose, President & CEO of Colonial Savings, FA. "This partnership creates exciting opportunities for our customers, employees, and communities while preserving the values that have been central to Colonial’s success."

The transaction reflects Gateway's continued commitment to strategic growth while maintaining a focus on personalized service, community investment, and helping customers at every stage of their financial journey.

Gateway was advised by Performance Trust Capital Partners, LLC as financial advisor and Otteson Shapiro LLP as legal counsel. Colonial was advised by Olsen Palmer LLC as financial advisor and Bradley Arant Boult Cummings LLP as legal counsel.

Additional information regarding customer and operational transitions will be communicated directly as integration plans move forward.

About Gateway

Headquartered in Jenks, Oklahoma, Gateway First Bank is a leading financial institution serving consumers and businesses through integrated banking and mortgage solutions. With more than $2 billion in assets, Gateway is one of the largest financial institutions in the state. The company operates multiple banking centers across Oklahoma and maintains a strong national mortgage presence with more than 60 locations and approximately 600 employees.

About Colonial Savings

Colonial Savings is a Texas-based financial institution serving customers through six locations across the state. With a long history of community banking and mortgage lending, Colonial Savings has helped generations of Texans achieve their homeownership and financial goals through personalized service and local expertise.