Carlile Bancshares, Inc. Completes Acquisition of Community Bankers, Inc. and its Subsidiary, Community Bank, Fort Worth

FORT WORTH, Texas, Aug. 14, 2014 /PRNewswire/ -- Fort Worth, Texas based Carlile Bancshares, Inc. ("Carlile) completed the acquisition of Community Bankers, Inc., the parent company of Community Bank, Fort Worth ("Community") on August 12, 2014.  Carlile is the parent company of NORTHSTAR BANK OF TEXAS, Denton, TX and NORTHSTAR BANK COLORADO, Denver, CO.

"Northstar Bank of Texas has great coverage in the North Texas areas of Denton, Collin and northern Tarrant counties. Community Bank's coverage of Southwest Tarrant County, Hood, Johnson, Dallas and Rockwall counties will be a great compliment to our existing North Texas branches," Tom C. Nichols, Chairman and CEO of Carlile, stated. "The philosophy and operating structure of both of these banks will make this a seamless transition for customers in addition to allowing for a broader range of products and services."

In the fourth quarter of 2014, Community, with assets of $570 million and ten locations will be merged into NORTHSTAR BANK OF TEXAS which already has $1.1 billion in assets and 17 locations resulting in a combined entity with $1.7 billion in assets and 27 locations. Together, with NORTHSTAR BANK COLORADO's assets of $600 million and 22 locations, this brings Carlile's total assets to $2.3 billion and 49 locations across Texas and Colorado.

For additional information please contact:
Tom C. Nichols at 817-877-4440 or [email protected].

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SOURCE Carlile Bancshares, Inc.