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Austin, Texas, September 29, 2021 / PRNewswire / – BAT Investments, Inc. has the Capital Bank of. accepted Texas (CBOT), based in Carrizo Springs, TX, as part of an effort to develop and strengthen the role of community banks in the state.
Founded by entrepreneurs and longtime bankers Bobby Priestley and Tanya Miller, BAT Investments was supported by more than 180 local investors representing more than $ 28 million in capital letters. “The level of support we’ve received is testament to the enduring impact community banks have had on their local economy,” Miller said. “We look forward to fulfilling the trust our investors have placed in us as well as in the role of the community banks.”
BAT Investments’ expansion plans include one Austin “It’s exciting to be part of such a robust market,” said Miller, who will serve as president and chief risk officer. “We look forward to serving the small businesses and families of Central Texas. “
With the takeover, the Capital Bank of Texas Fortune is just over $ 100 million, which includes branches in Carrizo sources and Crystal city, as well as a lending production office in Austin. Co-Founder Bobby Priestley, who will serve as chairman and CEO of the bank, said existing customers should not expect service disruptions. “The branches will remain open and the staff will continue to provide the quality service that customers are used to,” he said. “However, new product and service improvements will follow.”
Priestley and Miller are supported by a board of directors composed of business leaders, business owners and financial services professionals Central and South texas Markets. These include George “Hal” Davis, Jr., Mark Mangum, Kevin Hunter, Delores Crum, Mohammed Ali, Fred C. Allen Jr., and From box.
BAT Investments has signed a purchase agreement January 15, 2021, and the acquisition was completed on September 28, 2021. The transaction was represented by a lawyer Bruce Toppin III with Langley & Banack, Incorporated of San Antonio.
About BAT Investments, Inc.
Consists of principals Bobby Priestley and Tanya Miller, BAT Investments represents nearly four decades of banking and financial services industry experience. Founded with a mission to advance community banking and the small businesses it supports; BAT is dedicated to revitalizing the concept of local banks supporting local businesses.
Media contact: Motley Crew Media for BAT Investments, Inc.
Nicole Shiro | 512.740.6665 | 320078@email4pr.com
Amy S. Layton | 512.695.0799 | 320078@email4pr.com
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SOURCE BAT Investments, Inc
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