TK Mentioned in Texas Lawbook on Baylor Bancshares $2.1M Merger

“CDT Roundup: 22 Deals, 14 Firms, 135 Lawyers, $6.8B”

No getting around it: The nation remains on guard, with the potential for disturbances at all 50 statehouses this weekend. It is a time, says Caroline Evans, for personal reflection, even as the corporate world has already moved to act. Last week’s deals and more in the CDT Roundup…

TK, Fenimore Advise Peoples Bancorp, Baylor Bancshares in $2.1M Merger

Lubbock-based Peoples Bancorp is set to acquire Seymour-headquartered Baylor Bancshares, the owner of First Bank and Trust and Baylor Mortgage company.

The combined institution will have around $827 million in total assets, $476 million in total loans, $736 million in total deposits and $80 million in total capital, adding up to $2.12 billion.

Thompson & Knight advised Baylor Bancshares along with First Bank and Trust and Baylor Mortgage Company in the agreement. The team was led from Dallas by partner Amy Curtis with assistance from of counsel Paul Corley Jr., associate Susan Fisher, and partners Neely Munnerlyn and Elizabeth Schartz. Houston partner Roger Aksamit also assisted.

Fenimore, Kay, Harrison & Ford counseled Peoples Bancorp, with managing partner Chet Fenimore (Austin) and Dallas partner Pam G. O’Quinn advising. Hillworth Bank Partners acted as financial advisor.

First Bank and Trust had about $144 million in assets as of Sept. 30 2020 and has four branches – one in Seymour in Baylor County, one in Princeton (Collin County), one in Whitney (Hill County) and one in Laguna Park (Bosque County).