First State Bank Central Texas, Austin, purchased and merged with its affiliate, First State Bank of Granger effective June 9, 2008.

First State of Granger, which operates locations in Granger, Taylor, Elgin, Bartlett and Hutto, reports approximately $80 million in assets. The Austin bank will operate all the locations under the First State Bank Central Texas name. After the transaction, the Austin bank will have approximately $1 billion in assets.

The Carson Medlin Company served as the financial advisor to First State Bank Central Texas.