Citizens National Bank to Purchase East Texas National Bank

Brad Tidwell, President and CEO of Citizens National Bank (CNB), is pleased to announce that the bank has entered into a definitive agreement to purchase East Texas National Bank (ETNB) in Palestine, Texas.  ETNB’s main bank is located at 207 West Spring Street, with two full service branches located in Huntsville and Mexia. This transaction was approved by the boards of both banks and the closing is tentatively scheduled for June 2013, pending regulatory approval.

Brad Tidwell stated, “East Texas National Bank was chartered in 1911 in Palestine and has 102 years of deep East Texas roots, which is a great fit for Citizens National Bank, considering our 83 year history here in East Texas,” Tidwell continued, “Citizens National Bank is very excited to have the opportunity to acquire such an outstanding, conservative bank with values that mirror those of Citizens National Bank.”  Cliff Bomer, President of East Texas National Bank said, “East Texas National Bank has been the cornerstone of banking in our area for generations.  We are proud that we will be a part of a bank that will help us to continue to serve our customers for generations to come.”

East Texas National Bank has $150 million in assets as well as $65 million in assets under management in their trust department.  After the purchase of ETNB, Citizens National Bank will have $1.2 billion in assets and 24 branches throughout East and Central Texas.  The combined Trust Departments will have over $350 million in assets under management.  Citizens National Bank is a locally owned, independent, community bank headquartered in Henderson, Texas and has been serving the families and businesses of East Texas since 1930.

Remembering Lou Galosy: 1923-2013

Lou Galosy, former Citizens National Bank officer, Longview civic leader, former Longview mayor and a true visionary for the City of Longview, died late Tuesday, January 8, 2013, just months shy of his 90th birthday.

Born May 26, 1923, in St. Louis, Galosy was a Navy pilot in World War II and the Korean War. In 1952, he moved to Longview, managing Riff’s, a women’s apparel store until 1960. He owned and operated Galosy’s Women’s Apparel from 1960 to 1980.  He served as Longview’s first two-term mayor from 1985-1991.  Among the projects completed during Galosy’s tenure was the opening of the new Longview Public Library in 1987.

One of Longview’s most influential civic leaders through the last half of the 20th century, known for his dapper dress, gentlemanly demeanor and business acumen. Considered one of his greatest personal achievements Galosy worked alongside two other men to incorporate and lease Gregg Memorial Hospital in 1960, which became Good Shepherd Hospital, later Good Shepherd Hospital, now Good Shepherd Medical Center.  He served on the hospital board for 17 years and as president for three years.

In addition to his role in civic affairs, Galosy served on the board of American Bank from 1979 until 1984, was senior vice president of Bank One from 1984 until 2004, and later worked in business development for Citizens National Bank until his retirement in December 2011.

Brad Tidwell, President & CEO of Citizens National Bank, called Galosy a goodwill ambassador.  “He was a mentor. He was a friend. He gave me wonderful business advice I’ve tried to follow for 30 years. If I could be half the people person and half the business person and possess half the communications skills Lou Galosy had, I’d be very, very successful,” Tidwell said.  “They just don’t come any better than Lou Galosy,” Tidwell said.

Galosy’s advice was sought after from the very young to the seasoned business person.  He also served on numerous boards for various organizations.  He never met a stranger and always left a lasting impression.  He was a Longview icon, a true gentleman and will be missed by many.

Services are under the direction of Rader Funeral Home, Longview.

Portions of this article taken from www.news-journal.com

October Employee of the Month

Congratulations to Trassie Clampitt, who was selected as CNB’s Employee of the Month for October!  She will receive a $50 gift card to the local retail store or restaurant of her choice, and will be recognized by President Brad Tidwell on the next all-employee conference call.  Trassie serves in our Deposit Operations department at the main bank in Henderson.  Some of the things Trassie’s nominator said were, “Trassie always goes the mile.  Even when her husband had his accident, you might find her here at 6:00 in the morning doing her work…”,  “very instrumental…”, “She works hard to protect the bank from losses due to debit card fraud…”, “always willing to take on additional jobs…”.

WAY TO GO TRASSIE!