ABILENE, Texas, Nov. 19, 2009 (GLOBE NEWSWIRE) -- First Financial Bankshares, Inc. (Nasdaq:FFIN) today announced plans to open bank branches in Fort Worth and Odessa, Texas, to complement trust services and serve customers in these markets. The banks will operate from the Company's existing First Financial Trust & Asset Management Company, N.A., trust offices in both cities.
"This decision is in response to frequent requests from customers to open branches in these markets," said F. Scott Dueser, President and Chief Executive Officer. "Providing banking services in Fort Worth and the Permian Basin region will result in greater convenience and customer service for our valued customers, including our Trust customers, in these markets."
The new branches are expected to open in January, subject to regulatory approval.
In Fort Worth, the private bank branch will share quarters with First Financial Trust & Asset Management Co. at 550 Bailey Ave., Suite 300. Konrad S. Halbert, Executive Vice President, is manager of the Fort Worth office. In Odessa, the bank branch will be at the trust office located at 2651 John Ben Shepherd Parkway. Barbara Hill, Senior Vice President, is manager of the Odessa office.
About First Financial Bankshares
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates ten separately chartered banks with 48 locations in Texas. The Company was named the No. 2 top-performing bank in the nation by Bank Director Magazine for publicly traded banks with $3 billion and above in assets.
The bank subsidiaries are First Financial Bank, N.A., Abilene, Albany, Clyde and Moran; First Financial Bank, N.A., Eastland, Ranger and Rising Star; First Financial Bank, N.A., Cleburne, Burleson, Alvarado and Midlothian; First Financial Bank, Hereford; First Financial Bank, N.A., Mineral Wells; First Financial Bank, N.A., San Angelo; First Financial Bank, N.A., Southlake, Bridgeport, Boyd, Decatur, Keller and Trophy Club; First Financial Bank, N.A., Stephenville, Granbury, Glen Rose and Acton; First Financial Bank, N.A., Sweetwater, Roby, Trent and Merkel; and First Financial Bank, N.A., Weatherford, Willow Park, Aledo and Brock. The Company also operates First Financial Trust & Asset Management Company, N.A., with six locations and First Technology Services, Inc., a technology operating company.
The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial Bankshares, please visit our Web site at http://www.ffin.com.
Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect", "plan", "anticipate", "target", "forecast" and "goal". Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents/Filings" on the Company's Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.