US Bank National Association (US BNA) is seeking buyers for three Texas banks, Citizens National Bank of Teague, Madisonville State Bank of Madisonville and North Houston Bank of Houston. US BNA has recently acquired them from the Federal Deposit Insurance Corporation (FDIC) as part of the acquisition of the banking subsidiaries of FBOP Corporation of Oak Park, Illinois.
The three Texas banks were acquired on October 30, 2009, along with six other banks in California, Illinois and Arizona, which will remain a part of the US Bank franchise.
US Bank will have no retail locations in Texas following the sale of these three banks. The sales are expected to be completed early in the second quarter of 2010. However, customers of these three Texas banks can continue to conduct their banking activities using their customer service channels.
