Join The Discussion

 

Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

read more >

Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

read more >

Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

read more >

Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

Community Bank to merge with Northstar Bank of Texas

Betty Dillard
bdillard@bizpress.net

Fort Worth-based Community Bankers Inc. has agreed to be acquired by Carlile Bancshares Inc., also headquartered in Fort Worth, for an undisclosed price, the companies said May 15.

Carlile plans to merge Community Bankers’ subsidiary Community Bank with Northstar Bank of Texas, a wholly owned subsidiary of Carlile. Community Bank will continue to operate under its current name and logo until the merger is complete, which is expected to occur in the fourth quarter of 2014.

After the merger, the bank will be rebranded as Northstar Bank of Texas with Tony R. Clark, Northstar’s president and chief executive officer, at the helm.

Tom C. Nichols, co-founder, chairman and CEO of Carlile Bancshares, said key factors in the merger were the companies’ similar core values and shared belief in customer service.

“The combined organization will be the joining of two exceptional community banks with very similar cultures, resulting in one of the larger independent banks in North Texas,” Nichols said.

The merger will increase Northstar’s 16 banking branches to 26 in the North Texas and Austin areas with combined assets of $1.7 billion.

Northstar Bank of Texas, the largest community bank in Denton County, was acquired by Carlile Bancshares in July 2012. The Carlile portfolio includes banks in Colorado, Austin and Marble Falls as well as Goldome Financial Inc., which provides warehouse lines of credit to the mortgage lending industry.

In 2013, Northstar expanded with a new location in Arlington. Construction also started on a new location in Flower Mound, with plans to open mid-2014.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?