Bracewell & Giuliani LLP served as legal counsel AmeriBancshares, Inc. the parent holding company of American National Bank & Trust (American National), in a definitive agreement to acquire Northern Bancshares Inc. and its wholly owned banking subsidiary, First National Bank of Chillicothe (FNB of Chillicothe).
FNB of Chillicothe operates banking facilities in Chillicothe and Quanah, both in Hardeman County, Texas, and reported total assets of $48.73 million, total loans of $18.23 million and total deposits of $41.6 million, as of December 31, 2014.
The merger has been approved by the Boards of Directors of American National and FNB of Chillicothe and is expected to close during the third quarter of 2015. The transaction is subject to customary conditions, including approval by the shareholders of both companies and regulatory approvals.
Bracewell attorneys involved in this transaction include:
Partners: Justin M. Long, Scott C. Sanders and Timothy A. Wilkins
Senior Counsel: Alexander W. Jones
Associates: Elizabeth B. Behncke, Lauren B. Chase and Joshua T. McNulty