TXUI Texas United Bancshares

Texas United Bancshares, Inc. Announces Opening of Two Mortgage Loan Offices in Austin LA GRANGE, Texas, Jan. 14 /PRNewswire-FirstCall/ -- Texas United Bancshares, Inc. (NASDAQ:TXUI), a growing community banking organization located in north and south central Texas, announced that its State Bank subsidiary has expanded into the Austin market with the opening of two additional mortgage offices. The two new offices bring State Bank's total number of mortgage loan production offices to eighteen. President and CEO Don Stricklin commented, "Mortgage banking has become an increasingly important source of fee income for our organization, and these two new offices will give us critical mass in the important Austin market." For the first nine months of 2004, mortgage banking revenue was $6.2 million, or 17.5 percent of revenue for that period. Of this total, $5.5 million was generated from gains on the sale of loans sold by Community Home Loan, Inc., acquired in February 2004, in addition to $715,000 in mortgage servicing revenue. "We are pleased to have found the right people to expand our presence in the Austin market," Mr. Stricklin continued. "David McMillan and Scott Parshall, who will be managing these offices, are seasoned professionals with extensive mortgage banking expertise in the Austin marketplace." 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 of Texas United Bancshares, Inc., +1-979-968-7261

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