Texas Community Bancshares to Buy San Jacinto Bank for $9.5M Cash
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MINEOLA – October 30, 2026 -- Texas Community Bancshares, Inc. (NASDAQ: TCBS) agreed to acquire The Banc of San Jacinto County Bancshares, Inc. (SJCB) in an all-cash deal worth $9.5 million, with closing expected in the first quarter of 2027.
SJCB shareholders split a $9.5 million cash pool
Under the merger agreement, SJCB shareholders will receive aggregate cash consideration of $9.5 million. Each outstanding share of SJCB common stock converts into a pro rata portion of that amount at closing. The deal includes SJCB's wholly owned subsidiary, The Bank of San Jacinto County, a Texas non-member bank.