CHESTER – The bank in Chester has a new name, BOM Bank, as its new parent company announced, last week, “a significant milestone” to enhance ability to provide banking services to more communities.
Grant Bancshares, Inc., which is the parent bank holding company, announced the acquisition, last week, along with several other banking acquisitions in the region, from American State Bank, to now operate under the BOM banner.
The parent bank, which is headquartered in Natchitoches, LA, also acquired eight other former ASB locations in Timpson, Center, Lufkin, Huntington, Conroe and Haslam.
“We are thrilled to welcome the customers and employees of American State Bank into the BOM Bank family,” said Ken Hale, who is BOM’s president and CEO.
“This expansion aligns perfectly with our mission to provide accessible, community-focused banking solutions.”
With the acquisition of the nine Texas banks, BOM now operates 26 branches and two operations facilities across Louisiana and Texas.
In a news release from BOM, Hale stated that the bank is dedicated to promoting financial inclusion and supporting underbanked communities with innovative financial products to customers, such as offerings like a credit builder program and certified BankOn checking accounts.
