Harmony Bank N.A and Texas Brand Bank announced they have closed on their merger, conducting business as Harmony Bank and now operating as a Texas state-chartered bank.
The merger agreement was announced by John J. Carona, former Texas State Senator and chairman of Harmony Bank N.A. of Kemp, and Edward B. Tomlinson II, chairman of Texas Brand Bank of Dallas, in September.
The new Harmony Bank has more than $700 million in assets with 11 banking centers in Dallas, Ellis, Henderson, Kaufman and Navarro counties.
“Harmony Bank can now provide a greater lending ability, more banking products and additional digital banking solutions,” William E. Lowe, president and CEO of Texas Brand Bank said in a statement. He is continuing in the same role for Harmony Bank.
“Harmony Bank is committed to our new employees and customers and the communities where they live and work, and we happily welcome them to our banking family,” Carona said in a statement. “With the current landscape of the banking industry, it’s more important now than ever for communities to be able to put their trust and faith in community banks.”
Harmony Bank was advised by Chet Fenimore and Pam O’Quinn of Fenimore Kay Harrison. Texas Brand Bank was advised by Robert Flowers of Bradley Arant Boult Cummings LLP and Tex Gross of Commerce Street Capital.
John Carona, former Texas State Senator and chairman of Harmony Bank N.A. of Kemp
Banking for small businesses and residents, from urban Dallas to rural ranches
Dallas-based and Dallas-grown, Texas Brand Bank says it was created to provide banking services to “Dallas-area small businesses and residents.” Since its founding in 2005, it had grown to over $340 million in assets with five locations in Dallas and Garland, including banks in Uptown Dallas, Deep Ellum, The Cedars, and Oak Cliff’s Bishop Arts District.
Harmony Bank, a community-focused bank serving the North Texas market, began as a local financial institution, founded by a group of farmers, ranchers, and businesspeople in 1901 in Kemp, 45 miles southeast of downtown Dallas.
In July 2022, the bank bought First State Bank of Rice, with locations added in Waxahachie, Ennis, Italy and Rice. In May of 2023, the bank officially merged with Texas Brand Bank, founded in 2005.
The merger combined the bank’s existing six branches with Texas Brand Bank’s five Dallas County branches.
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