Happy State Bank Growing Even More In Texas
In a recent press release they announced the addition of 3 more branches. They will be acquiring First Bank of Muleshoe. This includes the branches in Muleshoe, Dimmitt and Bovina. Three more branches becoming Happy.
Happy State Bank is a Texas state bank and they have added several banks in our great state recently. They are now in the Hill County and Austin. Now they are moving to these three new communities that have not been a part of the Happy State Bank family.
According to J. Pat Hickman, chairman of Happy State Bank:
We've been trying to acquire this bank for several years, and perseverance finally paid off,” Adding Muleshoe, Dimmitt and Bovina strengthens our Panhandle and South Plains footprint. These are some really good bankers in some really good communities, and we are very excited about furthering the spread of the ‘Happy Experience.
First Bank of Muleshoe holds approximately $105 million in total assets. With this addition Happy State Bank will increase its total assets to about $5.5 billion. The Happy location grows now to a whopping 60 branches in 44 Texas communities. This is great news for our state and our community here in Amarillo.
This is a great move and making more of Texas Happy. This acquisition is expected to close in the first quarter of 2021. They have to wait on bank regulatory and shareholder approval.