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The Kerens Bank

Status:Inactive as of 07/25/1991
 Absorption - Assisted
Successor Bank:Cedar Creek Bank
Headquarters:The Kerens Bank
1101 Northwest Second
Kerens, TX 75144
Established:01/01/1900
FDIC Insurance:01/01/1934
FDIC Cert:#3283
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$19,538,000
Total Deposits:$19,848,000

History

1900-01-01Institution established: Original name:The First State Bank of Kerens
1985-10-01Changed name to The Kerens Bank
1991-07-25Failed. Acquired with government financial assistance and subsequently operated as part of Cedar Creek Bank (18853)
2004-12-04Merged into and subsequently operated as part of Franklin Bank, S.S.B. (26870) in HOUSTON, TX
2005-05-09Reorganized.
2005-05-09Acquired The First National Bank of Athens (3080) in ATHENS, TX
2005-07-15Acquired Elgin Bank of Texas (3185) in ELGIN, TX
2007-05-08Acquired The First National Bank of Bryan (3119) in BRYAN, TX
2007-05-08Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2008-11-07Failed. Acquired with government financial assistance and subsequently operated as part of Prosperity Bank (16835)
2012-01-01Acquired Bank of Texas (11942) in AUSTIN, TX
2012-04-01Acquired The Bank Arlington (58333) in ARLINGTON, TX
2012-07-01Acquired American State Bank (16701) in LUBBOCK, TX
2012-10-01Acquired Community National Bank (57345) in BELLAIRE, TX
2013-01-01Acquired First Federal Bank Texas (30048) in TYLER, TX
2013-04-01Acquired Coppermark Bank (18957) in OKLAHOMA CITY, OK
2013-11-01Acquired First Victoria National Bank (5570) in VICTORIA, TX
2014-04-01Acquired The F&M Bank & Trust Company (16390) in TULSA, OK
2016-01-01Acquired Tradition Bank - Bellaire (23032) in HOUSTON, TX
2019-11-01Acquired LegacyTexas Bank (58006) in PLANO, TX