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Texas Regional Bank completes acquisition of Estrada Hinojosa & Company, Inc. to expand its capital markets business

Aug 05, 2024•about 1 year ago

Acquiring Company

Texas State Bankshares

Acquired Company

Estrada Hinojosa & Company

HarlingenDallasBankingLendingFinanceFinancial Services

Description

Texas Regional Bank, through its holding company Texas State Bankshares, Inc., has successfully acquired Dallas-based investment banking group Estrada Hinojosa & Company, Inc. This acquisition will enable Texas Regional Bank to enhance its capital markets business by integrating the expertise and resources of Estrada Hinojosa & Company, Inc. into its operations.

Company Information

Company

Texas State Bankshares

Location

Harlingen, Texas, United States

About

Established in 2010 and based out of Harlingen, Texas, TRB is a privately-owned, full-service, financial institution founded to bring to market a locally-owned bank that serves surrounding communities through relationships not transactions. TRB is proud to offer an unparalleled customer experience while providing exceptional financial products, including core banking, trust and wealth management, mortgage, international banking, insurance, foreign exchange, and economic development services. Texas Regional Bank holds assets of approximately $2.67 billion as of June 30, 2024, with over 30 banking centers across the Rio Grande Valley, Texas Hill Country, Houston, and DFW Metroplex.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed