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PRESS RELEASE
FOR IMMEDIATE RELEASE
April 13, 2026
For more information contact:
Joe Quiroga, Texas National Bank- President (956) 212-1600 or jquiroga@texasnational.com
Texas National Bank to Acquire Zapata National Bank
McAllen, Texas- TNB Bancshares, Inc, the holding company for Texas National Bank, announced today that it has entered into a definitive agreement to acquire Zapata Bancshares, Inc., and its bank subsidiary, Zapata National Bank.
Zapata National Bank is a full-service bank located in Zapata, Texas, with more than $85 million in total assets. This transaction aligns with Texas National Bank’s recent expansion into Starr County through an acquisition and further demonstrates Texas National Bank’s commitment to both Starr and Zapata Counties in Texas. The combined company will have approximately $1.3 billion in assets with 13 branches across Hidalgo, Cameron, Starr, and Zapata Counties in Texas.
“We are excited to announce the strategic acquisition of Zapata National Bank and to expand our footprint outside of Rio Grande Valley,” said Saul Ortega, Chairman and CEO for TNB Bancshares, Inc.
Joe Quiroga, President of Texas National Bank, commented, “We are excited to welcome Zapata National Bank’s employees and clients to Texas National Bank as we continue to expand our commitment to the communities we serve into Zapata County. Over the last few months, Texas National Bank has reached several milestones including surpassing one billion dollars in total assets, the acquisition in Starr County, and now the announcement of our proposed expansion into Zapata County. We are also excited to soon be moving into our Corporate Headquarters in McAllen, Texas. We are anxious to join with Zapata National Bank to support Zapata County with the TNB Friendly way of banking while honoring the legacy that Zapata National Bank has set.”
“Since 1961, Zapata National Bank has proudly served our customers and community with personal attention, local decision‑making, and a commitment to doing what’s right. As the banking landscape continues to evolve, joining Texas National Bank positions us to deliver even greater value while preserving the relationships that define who we are. Texas National Bank shares our values and our dedication to community banking,” said Jose “Pepe” Ramirez III, President and CEO of Zapata National Bank. “With this partnership, our customers will gain access to a wider array of product offerings and expanded geographic locations. The combined strength of the banks will enhance our proven ability to grow and support entrepreneurialism in our communities, while strengthening the benefits to our customers and employees for decades to come.”
The transaction has been unanimously approved by the Boards of Directors of both companies. It remains subject to customary shareholder and regulatory approvals and is expected to close on June 30,2026.
Locally owned and operating since 1920, Texas National Bank delivers extraordinary service and products to Hidalgo, Cameron, Starr Counties through its 12branches. Texas National Bank has prospered by providing a Friendly banking experience through personal touch, technology, people development, and community involvement. Over the last few years, Texas National Bank has shown exceptional growth by managing risk while increasing capital above market levels. Texas National Bank is proud to be recognized by Bauer Financial as a5-Star bank; the highest rating available. This superior rating reflects our substantial capital, adequate liquidity, high-asset quality, and good earnings. For more information about Texas National Bank visit www.texasnational.com
Zapata National Bank was founded in 1961 in Zapata, Texas where its headquarters continues to operate. From its inception, Zapata National Bank has been committed to promoting community growth and continue to live by that commitment. Zapata National Bank is known for its dedication to quality, strength, and integrity. Zapata National Bank continues to focus on the needs of the community and financial services by providing stability and security without losing the personal touch. For additional information on Zapata National Bank, please visit www.zapatanationalbank.com
Hunton Andrews Kurth LLP served as legal counsel to Texas National Bank and Kemp Smith LLP served as legal counsel to Zapata National Bank.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements, including but not limited to statements regarding the proposed transaction, the business of Texas National Bank and other matters. Any statements about our expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking statements. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of orindicate future events or trends and that do not relate solely to historical matters. Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance and actual results may differ materially from those expressed or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and neither Texas National Bank nor Zapata National Bank undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.
