Bastrop residents could see expanded First National Bank services if its parent company finalizes a planned acquisition of a Columbus-based bank later this year. The financial institution released a statement April 28 regarding the plan.
In a nutshell
Bastrop Bancshares Inc., the parent company of First National Bank of Bastrop, announced April 28 that it entered into an agreement to acquire Columbus Bancorp Inc., the parent company of The First State Bank in Columbus.
The all-cash transaction is expected to close in the third quarter of 2026. If finalized, the combined institution would have about $1.25 billion in assets, $750 million in loans and $1.1 billion in deposits.
