Firm Handles First 2009 M&A Deal In Texas

May 13, 2009

HOUSTON — Bracewell & Giuliani LLP announced its participation in the first merger transaction involving a Texas financial institution in 2009. In the mergers and acquisitions (M&A) deal, between Austin Bancshares, Inc. and La Grange Bancshares, Inc., Bracewell served as legal adviser to Austin Bancshares. Justin M. Long and William T. Luedke IV acted as lead attorneys.

Austin Bancshares and La Grange Bancshares, a bank holding company, signed an agreement that provides for Austin Bancshares to acquire La Grange and its wholly owned banking subsidiary, Colorado Valley Bank, SSB, a Texas state savings bank. Colorado Valley Bancshares is a community financial institution with approximately $30 million in assets and locations in La Grange and Weimer, Texas.

Bracewell's banking and financial institutions practice and lawyers consistently ranks among the top law firms for M&A transactions in the financial industry. The firm has facilitated acquisitions, sales, mergers and roll-up transactions for major banks and financial institutions in more than 40 states.