| Amarillo Globe-Information
Joyful State Financial institution to accumulate First Financial institution of Muleshoe
In a joint assertion, J. Pat Hickman, chairman of Joyful State Financial institution, and Tommy Gunstream, chairman of Muleshoe Bancshares, Inc., introduced that by a sequence of mergers, Joyful State Financial institution is buying Muleshoe Bancshares, Inc. and its subsidiary, First Financial institution of Muleshoe.
Based in 1908, Joyful State Financial institution has accrued greater than $5 billion in property and in the present day is headquartered in Amarillo. Joyful State Financial institution presents a broad vary of monetary providers and merchandise by its community of 57 areas in 41 communities throughout the Texas Panhandle, South Plains, Austin, Central Texas and the Dallas/Fort Value Metroplex. Joyful State Financial institution might be discovered on-line at www.HappyBank.com.
A Texas state financial institution, First Financial institution of Muleshoe holds roughly $105 million in whole property and has Muleshoe, Dimmitt and Bovina areas. “We have been attempting to accumulate this financial institution for a number of years, and perseverance lastly paid off,” mentioned Hickman. “Including Muleshoe, Dimmitt and Bovina strengthens our Panhandle and South Plains footprint. These are some actually good bankers in some actually good communities, and we’re very enthusiastic about furthering the unfold of the ‘Joyful Expertise.'”
Phil Kent, president of First Financial institution of Muleshoe, expressed his pleasure when stating, “We’ve got been engaged on this merger for fairly some time. And we’re excited that the financial institution might be able to providing extra superior banking merchandise to our clients. We’re additionally trying ahead to the various advantages this partnership with Joyful State Financial institution could have for our staff.”
Joyful State Financial institution President and CEO Mikel Williamson added, “Our two banks have constructed nice cultures, have wealthy histories serving our communities and are centered on caring for clients. It is our clients who will profit from these two banks coming collectively to serve Muleshoe, Dimmitt and Bovina as Joyful State Financial institution.”
On account of the transaction, Joyful will assume First Financial institution of Muleshoe’s roughly $14 million in loans and $93 million in deposits, rising its whole property to roughly $5.5 billion and rising its location rely to 60 branches in 44 Texas communities. The transaction is anticipated to shut within the first quarter of 2021, pending financial institution regulatory and shareholder approval.
FirstBank Southwest named among the best banks to work for by American Banker
FirstBank Southwest (FBSW) has been named a recipient of the 2020 American Banker “Greatest Banks to Work For” award. Changing into certainly one of American Banker’s “Greatest Banks to Work For” wasn’t by mistake; it was earned with the hassle FBSW leaders delivered every single day to make sure that staff are engaged, making a work-life steadiness, and simply caring concerning the folks you reside and work with, in accordance with a information launch.
The American Banker program is a survey competitors to find out which banks are the nation’s greatest employers. The method is managed by Greatest Corporations Group (BCG), and winners are revealed in American Banker journal. With a view to be thought of, banks should be industrial or retail, or the industrial or retail banking models of diversified monetary providers corporations. They have to even have not less than 50 staff working in the US. The employer questionnaire captures details about office insurance policies and practices. All staff have been surveyed, and the focused response charge needed to be 65% or extra.
“FirstBank Southwest is honored to be one of many American Banker’s ‘Greatest Banks to Work For'” on the checklist for 2020, mentioned FBSW President and CEO Andy Marshall. “We try to supply our workforce with an pleasurable office the place they will keep a wholesome way of life. We’re particularly proud as this award is actually a mirrored image of the dedication and loyalty of our unbelievable FBSW household.”