SAN ANTONIO--(BUSINESS WIRE)--
Vantage Bancorp, a San Antonio based financial holding company, has
entered into a Definitive Agreement to merge with Medina Bankshares, the
parent company of DíHanis State Bank. Pending regulatory approval, the
merger is expected to be finalized before the end of the year.
Vantage Bancorp owns and operates five banking centers under the name of
Vantage Bank Texas. The merger of Medina Bankshares will add two DíHanis
State Bank centers to the Vantage Bank family, one in DíHanis, Texas and
another in Hondo, Texas.
ďWe are excited about joining forces with DíHanis State Bank,Ē stated
Guy Bodine, President and CEO of Vantage Bank Texas. ďOur combined banks
will better allow DíHanis Bank to serve and grow in Medina County where
they have had a presence for almost 100 years. We are very excited about
working with the DíHanis leadership and existing Board of Directors.Ē
ďVantage Bank is focused on building long-term relationships,Ē said
Laurie Mayfield, President of DíHanis State Bank. ďIn addition to a much
higher lending limit, we will now be able to provide our customers with
a wider range of banking services and more electronic banking
Vantage Bank Texas is a state chartered bank with $356 million in
assets. It was established in 1923 as the First National Bank of
Refugio, a community bank that has continuously served the banking needs
of Refugio County since that time. The bank specializes in commercial
loans for small and medium sized businesses. Currently, Vantage BankTexas operates two banking centers in San Antonio and one each in
Laredo, McAllen and Refugio, Texas.
DíHanis State Bank is a Texas state chartered institution with $46
million in assets. It has been serving the community banking needs of
Medina County since 1916.
Both institutions are members of FDIC.
Vantage Bank Texas
George Kauss, 210-227-5228
Source: Vantage Bank Texas