Maverick Bancshares, Inc. to Acquire Sandhills Bancshares, Inc.
LUBBOCK, Texas--(BUSINESS WIRE)--Maverick Bancshares, Inc. ('Maverick'), the parent company of Lubbock-based Maverick Bank, and Sandhills Bancshares, Inc. ('Sandhills'), the parent company of Monahans-based Tejas Bank, announced today that they have entered into a definitive merger agreement under which Maverick will acquire Sandhills. Upon closing, Tejas Bank will merge into Maverick Bank, creating a West Texas community bank with over $650 million in pro forma assets and a footprint that spans the region.
Tejas Bank currently operates one location in Monahans and has approximately $225 million in assets, with an exceptional customer base built on local service, long-standing relationships, and deep roots. Maverick Bank serves customers across eight West Texas communities. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions and regulatory approvals.
'This isn't just an expansion. It's about strengthening our presence in the region we call home,' said Brent Leslie, CEO of Maverick Bank. 'Tejas Bank is a strong, highly respected institution. Their values align perfectly with ours. Authenticity, relationships, and a blue-collar mentality that puts people first.'
Customers of both institutions can expect continuity in service and staff. The combined bank will retain its community-focused culture while expanding access for Tejas Bank customers to upgraded digital tools, enhanced treasury and loan services, increased lending capacity, and eight additional locations across West Texas.
'Maverick Bank understands West Texas because they live and work here, just like us,' said Todd Hunt, President and CEO of Tejas Bank. 'This partnership is a natural fit. They have deep roots in West Texas and understand the communities we serve. Maverick Bank gets the oilfield. They get what it means to run a business out here. Our customers will benefit from more resources and technology, while still banking with people who understand the grit, grind, and relationships that make this region tick.'
Following the merger, Todd Hunt will continue to lead the Monahans market as Market President, and both Hunt and Kent McDaniel, Chairman of both Tejas Bank and Sandhills Bancshares, will join the Maverick Bank Board of Directors.
About Maverick Bancshares, Inc.
Maverick Bancshares, Inc. is the holding company for Maverick Bank, a bold, independent Texas bank with a legacy dating back to 1911. Maverick Bank blends deep local roots with forward-thinking solutions for West Texas communities. Learn more at www.maverick.bank.
About Sandhills Bancshares, Inc.
Sandhills Bancshares, Inc. is the holding company for Tejas Bank, headquartered in Monahans, Texas. Tejas Bank is known for its personalized service, enduring local relationships, and unwavering commitment to community banking values. Learn more at www.mytejasbank.com.
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