Plains State Bank Acquires Houston-Based Core+ Financial Strategies, Core+ Tax Strategies

Sep 20, 2023•almost 2 years ago

Acquiring Company

Plains State Bank

Acquired Company

Houston-based Core+ Financial Strategies

BankingLendingFinanceFinancial Services

Description

Texas-based Plains State Bank (PSB) has acquired Core+ Financial Strategies and Core+ Tax Strategies (Core+), adding a portfolio of complementary services for small businesses and individual customers.

Company Information

Company

Plains State Bank

About

Plains State Bank (PSB) was established in 1957 in Plains, Texas. In 2008, Plains Acquisition Corporation (PAC) was founded and acquired Plains State Bank. Following the acquisition, the bank charter and headquarters were moved to Humble, Texas. Today, Plains State Bank primarily serves the communities throughout the Greater Houston Metro Area and Yoakum County, with approximately $800 million in assets. Plains Acquisition Corporation is traded under the symbol PLQC on the OTC Pink Market.

DealWatch™ Score

High M&A Activity

M&A Opportunity Analysis

Get personalized insights on M&A opportunities

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