WILLIAM B. BLACK, III
January 25, 2017
Dear Friends and Customers,
The Board of Directors, Management, Officers and Employees are excited to share some news with you. THE STATE BANK of TEXAS has entered into a definitive agreement and plan of reorganization with the largest privately held community bank in Houston; Post Oak Bancshares, Inc. Post Oak Bank was founded in July 2004 by a group of experienced Houston bankers. THE STATE BANK of TEXAS and Post Oak Bank have the same philosophy and believe that being independent adds an element of pride and responsiveness that is hard to find in the banking industry today. The decision was made in the best interest of the bank shareholders and customers.
Combining forces will provide our loyal customers with many more bank locations and services. You will have a choice to bank with us at 3330 Antoine, Houston, TX and 13010 Murphy Rd., Stafford, TX, as always. However, you may also bank in Anahuac, Beaumont, Conroe, Dayton, Galleria, Highway 290, Liberty, Pasadena, Sugar Land, Town and Country and The Woodlands. Post Oak Bank has many products that as a smaller bank we have not been able to offer you, such as RDC (Remote Deposit Capture), mobile banking and muc more. There are many similarities between the banks. We are on the same data processing systems meaning that you, the customer, should not be inconvenienced when we merge.
Just as THE STATE BANK of TEXAS IS OWNED AND MANAGED LOCALLY, Post Oak Bank also is. We will continue to be accessible, responsive, and flexible when it comes to making decisions. Just as we are a financially safe and sound bank with a five star rating from Bauer Financial, Inc., Post Oak Bank is as well. We are both committed to exceeding the expectations of our customers on a daily basis.
THE STATE BANK of TEXAS has prided itself on employing knowledgeable and mature bankers that you can count on. Management and staff will remain with the bank after the merger. The expected merge date is March 31, 2017. We are calling and contacting as many friends and customers as possible but can’t reach everyone. We believe it is important and want you to hear the news form THE STATE BANK of TEXAS. Customers will be receiving this letter with their bank statements however we also want the public to be informed as we will have more locations for many new customers. If you have any questions we invite you to call and visit with Bill Black, Nicki Black, Susie Aguilera-Gonzales, Warner Hernandez or whomever you have been working with over the past years. You may reach us at 713-681-2265 or 281-494-6686.
The bank’s customers have been the heart of THE STATE BANK of TEXAS. You have been our extended family and friends since June, 1987. We thank you for your many years of loyalty and look forward to many more years with you.
— William B. Black, III
Chairman of the Board, President and CEO
3330 ANTOINE @ 34TH STREET
P.O. BOX 920978
HOUSTON, TEXAS 77292
13010 MURPHY ROAD @ GREENBRIAR
STAFFORD, TEXAS 77477
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