First National Bank has entered into a definitive agreement with Coastal Bend Bancshares, Inc., the bank holding company for First Community Bank, under which First National Bank in Port Lavaca has agreed to be acquired by Coastal Bend Bancshares, Inc.
Olsen Palmer LLC served as financial advisor to First National Bank in Port Lavaca.
The transaction is expected to close in the second quarter of 2026, subject to regulatory approval. Terms of the agreement were not released.
First National Bank in Port Lavaca CEO, Terry Cullen, will retain his leadership role in the market as Regional President.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell- side + buy-side) based on transaction count since 2025, according to S&P Global.
Transaction Announcement (PDF)