Acquiring Company
Texas Regional Bank
Acquired Company
Smith-Reagan Insurance
Description
Texas Regional Bank (TRB) announces its recent acquisition of Smith-Reagan Insurance (Smith-Reagan), a leading provider of commercial insurance services in Cameron County, Texas. The acquisition is part of TRB's continued expansion of its insurance subsidiary. TRB Insurance Agency was established in 2022 and began issuing policies by acquiring Mission-Duncan Insurance.
Quick answer
Texas Regional Bank is acquiring Smith-Reagan Insurance, announced October 6, 2023.
- How much did Texas Regional Bank pay for Smith-Reagan Insurance?
- The deal value was not disclosed.
- What does Texas Regional Bank do?
- As of June 30, 2023, Texas Regional Bank had assets of approximately $2.6 billion with 30 banking centers across the Rio Grande Valley, Texas Hill Country, Houston, and DFW Metroplex.
Source: Fundz verified event record.
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Who to call at Texas Regional Bank, and when
When Texas Regional Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Texas Regional Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Texas Regional Bank, from your own LinkedIn network
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Frequently asked
Who acquired Smith-Reagan Insurance?
Smith-Reagan Insurance was acquired by Texas Regional Bank. The deal was reported on October 6, 2023. As of June 30, 2023, Texas Regional Bank had assets of approximately $2.6 billion with 30 banking centers across the Rio Grande Valley, Texas Hill Country, Houston, and DFW Metroplex. Texas Regional Bank is privately held and operates in Financial Services.
When did Texas Regional Bank acquire Smith-Reagan Insurance?
Texas Regional Bank's acquisition of Smith-Reagan Insurance was reported on October 6, 2023. Texas Regional Bank (TRB) announces its recent acquisition of Smith-Reagan Insurance (Smith-Reagan), a leading provider of commercial insurance services in Cameron County, Texas. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Smith-Reagan Insurance do?
Smith-Reagan Insurance Agency has provided continuous insurance services and products to customers in the Rio Grande Valley since 1909. It is privately held, operating in Employee Benefits.
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