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.
An “Invention Convention” was held at The Brook Hill School recently in Bullard. Third grade students had the opportunity to share with parents and teachers about the inventor that they researched and the invention that they created by looking for problems to solve in their own homes. CNB’s Beth Parsons and Claire McNabb were on hand to hand out treasure chests to students that were made by the Grande branch teller staff. Branch Manager Sheila Dixon said it is a very worthwhile event that Citizens was invited back to this year and she thanked Susan Boles, Nereyda Valle and Andres Diaz for their hard work on the chests. (photo courtesy of tylerpaper.com)
Longview Regional Medical Center recently hosted their annual “Stars Over Longview” event at Maude Cobb Convention & Activity Center. Stars Over Longview recognizes 12 ladies from the Longview community who have made a significant difference in the lives of others. Spotted at the event by KLTV were Longview employees, Tamara Stoker, Amanda Traywick and Jackie Moseley. (Photo Courtesy of www.kltv.com)
CNB employees suited up on October 20th to participate in the “Monsterdash” in Longview. Employees were: Amanda Traywick, Gloria Holland, Krista LeBow, Paige Matlock, Felicia Tatum, Shea Vestal, Lisa Davis, Danny Copeland (not pictured) and Nelwyn Richardson. Thank you to our employees for always going that “extra mile”!
Brad Tidwell, Chairman of CFG Insurance Agency of Henderson (a subsidiary of Citizens National Bank), is proud to announce a joint venture with Gans & Smith Insurance Agency Inc. of Longview. Chairman Tidwell stated, “This is an exciting time for CFG Insurance and we couldn’t be happier to have Gans & Smith join our team.”
Gans & Smith was organized in 1889 by J.R. and T.E. Clemmons, and has operated continuously over the last 123 years. The agency assumed its present name in 1912, under the partnership of W. Bruner Smith and Daniel W. Gans. Ownership of the agency at the present time is vested in four corporate principals, including David McWhorter, President & Managing Partner, who will oversee the Henderson CFG Insurance operations. David brings a wealth of experience to the table and will be a trusted CFG adviser. Chairman Tidwell continued, “With their longevity, expertise and the excellent leadership by David McWhorter, they will be an invaluable asset to CFG Insurance. We look forward to many years of continued success with them.”
CFG Insurance Agency was formed in 1999 when Citizens National Bank broadened services for bank clients to include home, auto, business, life and health insurance. The following year the bank provided professional depth and a large insurance customer base to CFG Insurance by acquiring The Preston Agency in Henderson which was a highly regarded family owned agency dating back to 1913. With a larger and well experienced staff CFG Insurance moved in 2003 to its current location on Hwy. 79 in Henderson.
All staff at CFG will remain in place and Linda Purcell will continue to serve as Sr. Vice President. CFG offers competitive insurance products through all Citizens National Bank locations and directly throughout East Texas. The agency staff includes specialists in the areas of commercial auto insurance, group life/health benefits and risk management consulting as well as the standard insurance policies needed by any individual, family or business. The service expertise, product offerings, leadership and experience will continue with the Gans & Smith relationship.
David McWhorter, President of Gans & Smith stated, “We are pleased to be a part of this partnership. Both groups are well established in East Texas and bring similar values, views and ideas to the table. The enhanced potential for the sales growth and improved client service to the clients of both organizations is very exciting. Most importantly, the transition to the new partnership will be almost seamless while all CFG customers both current and new will benefit from the availability of a larger number of companies for improved coverage and pricing.”