First National Bank in Port Lavaca has been acquired by Coastal Bend Bancshares, Inc., the bank holding company for First Community Bank. Following the acquisition, Coastal Bend Bancshares, Inc. is now a two-bank holding company with total assets over $1 billion.
Olsen Palmer LLC served as financial advisor to First National Bank in Port Lavaca.
First National Bank was established in Port Lavaca in 1957. The bank has four offices, serving customers in Port Lavaca, Seadrift, Port O’Connor, and Victoria and total assets of $373 million as of August 31, 2026.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and ranks among the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.
Transaction Announcement (PDF)