TXUI Texas United Bancshares

State Bank Announces Opening of Two New Banking Centers in Bryan-College Station LA GRANGE, Texas, Feb. 23 /PRNewswire-FirstCall/ -- Texas United Bancshares, Inc. (NASDAQ:TXUI), a growing community banking organization located in central and south central Texas and in areas north and south of the Dallas-Fort Worth metroplex, announced that its subsidiary, State Bank, is expanding its presence in the Bryan-College Station market. Two new full- service offices are currently under construction and are expected to be completed during the third quarter of 2005. With these additional offices, State Bank will have a total of five full-service offices in the Bryan-College Station market. L. Don Stricklin, President and Chief Executive Officer of Texas United Bancshares and State Bank, stated, "We are delighted to expand our presence in the fast-growing Bryan-College Station market, where we currently have the fourth largest deposit market share. This de novo branch expansion reflects our corporate strategy to focus on suburban growth markets in the major Texas metropolitan areas." "We are building the branches in rapidly growing residential areas, and State Bank will be one of the first banks with a physical presence in these neighborhoods. We estimate a cost of $1.5 million for both branches and anticipate break even within 18-24 months. We plan to staff with a combination of current State Bank employees and experienced local bankers. This expansion will provide additional convenience for our current Bryan- College Station customers as well as build our share of this dynamic market." Texas United Bancshares, Inc. is a registered financial holding company listed on the Nasdaq National Market under the symbol "TXUI." Its wholly-owned subsidiaries, State Bank and GNB Financial, N.A., offer a complete range of banking services through 27 full-service banking centers. In addition, State Bank has 18 mortgage loan production offices located in Houston, San Antonio and Austin through the Bank and its wholly-owned subsidiary, Community Home Loan. Except for historical information, certain of the matters discussed in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the following: general business and economic conditions in the markets Texas United serves may be less favorable than expected which could decrease the demand for loan, deposit and other financial services and increase loan delinquencies and defaults; changes in the interest rate environment which could reduce Texas United's net interest margin; acquisition integration may be more difficult than anticipated; legislative or regulatory developments including changes in laws concerning taxes, banking, securities, insurance and other aspects of the financial securities industry; competitive factors may increase, including product and pricing pressures among financial services organizations; and changes in accounting principles, policies or guidelines. All written or oral forward-looking statements are expressly qualified in their entirety by these cautionary statements. Please also read the additional risks and factors described from time to time in Texas United's reports and registration statements filed with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements contained in this release. DATASOURCE: Texas United Bancshares, Inc. CONTACT: Tom Adams, Texas United Bancshares, Inc., +1-979-968-7261

Copyright