Community Trust Bank, the wholly owned subsidiary of Community Trust Financial Corporation, announced today it has completed its acquisition of four full service retail Whitney Bank branches in Houston, Texas. With the branch acquisition, Community Trust Bank is adding approximately $15 million in loans and assuming approximately $106 million in deposits.
The bank entered into a definitive agreement with Whitney Bank, and its parent, Hancock Holding Company, in October 2014. The purchase was finalized and the branches were converted to Community Trust Bank branches during the weekend of March 27-29. These acquired branches opened as Community Trust Bank locations on the morning of March 30: 12600 Memorial Drive, Houston, TX; 6767 FM 1960 West, Houston, TX; 5115 Main Street, Houston, TX; and 8002 Kirby Drive, Houston, TX.
“We are proud to continue our strategic expansion into Houston with the addition of these banking centers,” said Drake Mills, CEO of Community Trust Bank. “This acquisition not only shows our ongoing commitment to both the business community and local economy, but also allows us to accelerate our growth strategy in Texas.”