Citizens National Bank to acquire Kilgore National Bank

Published 11:01 am Friday, April 8, 2016

Citizens National Bank in Henderson will acquire Kilgore National Bank, a community bank with total assets of $83 million as of December 31, 2015. Established in 2000, Kilgore National Bank has three locations serving Kilgore, Tyler and Troup.

“Citizens National Bank is proud to partner with Kilgore National Bank and its outstanding team of bankers,” said Brad Tidwell, president and CEO of Citizens National Bank. “We are very excited about the opportunity to serve the customers of KNB and bring to them the CNB experience.”

Larry Haire, president and CEO of Kilgore National Bank added, “Kilgore National Bank was created as a de novo charter in the latter part of 2000. Our goal then and now is to provide the highest level of personalized customer service along with the best up-to-date technology for everyone’s convenience. Citizens National Bank shares that philosophy and is a rapidly growing institution with which we are proud to partner. This merger creates a great opportunity for our shareholders and a much larger banking network for our customers.”

Subject to regulatory approval, the transaction is expected to close during the third quarter of 2016.

Citizens National Bank was established in 1930, and is a $1.7 billion community bank that serves East and Central Texas with its network of 28 branches.

Citizens National Bank was named one of the Best Companies to Work for in Texas for the second year in 2015 by Texas Monthly Magazine.

– Roy Maynard