Maverick Bancshares, the parent company of Maverick Bank in Lubbock, has announced an agreement to acquire Sandhills Bancshares the holding company for Tejas Bank based in Monahans.
The financial terms of the deal were not disclosed by the US-based bank holding firms.
Their merger deal will result in Tejas Bank merging into Maverick Bank, forming a regional community bank in West Texas with over $650m in assets upon completion.
Tejas Bank operates a single branch in Monahans and holds assets of approximately $225m.
Maverick Bank, on the other hand, currently operates in eight communities across West Texas.
Maverick Bank CEO Brent Leslie said: “This isn’t just an expansion. It’s about strengthening our presence in the region we call home. Tejas Bank is a strong, highly respected institution. Their values align perfectly with ours. Authenticity, relationships, and a blue-collar mentality that puts people first.”
Customers from both banks are expected to see continuity in services and staffing. The merger aims to maintain the community-focused culture while providing Tejas Bank customers with enhanced digital tools, improved treasury services, increased lending capacity, and access to eight additional locations throughout West Texas.
Tejas Bank president and CEO Todd Hunt said: “Maverick Bank understands West Texas because they live and work here, just like us. This partnership is a natural fit. They have deep roots in West Texas and understand the communities we serve.”
Post-acquisition, Todd Hunt will continue as market president for the Monahans area, and both Hunt and Kent McDaniel, chairman of Tejas Bank and Sandhills Bancshares, will join Maverick Bank’s board of directors.
The merger is anticipated to finalise in Q1 2026, pending regulatory approvals and customary closing conditions.
