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Carlile Bancshares Completes $328 Capital Raise
Posted: 09/28/2010 | Castle Creek

FORT WORTH, Texas–(PRNewswire)–Carlile Bancshares, Inc., Fort Worth, Texas, announced today that it has completed the capital raise of $328 million to acquire either failed banks through its previously granted shelf charter, Carlile Bank, National Association, or through open bank transactions. On September 15, 2010, Carlile Bank, National Association received a clearance to bid letter from the FDIC allowing it to bid on failed institutions in the bank’s geographic areas of interest with total assets not to exceed $3.28 billion.  The geographic areas of interest continue to be Texas, New Mexico, Oklahoma and Colorado.

A “shelf charter” is a specialized vehicle designed to acquire assets and deposits of failing depository institutions from the FDIC.  The charter remains inactive or “on the shelf” until it is the successful bidder on a failing institution.  The organizers of Carlile Bank, National Association believe that the formation of a shelf charter is an attractive way to begin building a premier regional community banking organization.

Carlile Bancshares, Inc. was founded by long time Texas bankers Tom C. Nichols and Don E. Cosby.   In 1996, Mr. Nichols and Mr. Cosby formed State National Bancshares, Inc. (“SNBI”) and chartered its subsidiary State National Bank, a de novo national banking association originally chartered in Lubbock, Texas.  From 1996 to 2005, SNBI completed nine acquisitions and grew from a de novo in 1996 to a publicly held company with assets of over $1.7 billion at the time of its acquisition by Banco Bilbao Vizcaya Argentaria, S.A. on January 3, 2007.

Mr. Nichols and Mr. Cosby have extensive experience over the past 30 years buying and operating financial institutions which included some that were troubled, as well as institutions acquired directly from the FDIC.  During this time, Mr. Nichols and Mr. Cosby were involved in the acquisition of more than 35 commercial banks.  Four of these acquisitions were purchase and assumption transactions with the FDIC.

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