A Legacy of Banking Experience
Formed in 2009 by longtime Texas bankers, Carlile Bancshares, Inc. was established to invest in community banks throughout the Southwest including Texas, New Mexico, Oklahoma and Colorado. Founders Tom C. Nichols and Don E. Cosby have a legacy of banking experience with over 30 years buying and operating financial institutions. While their history includes purchasing and operating distressed banks, as well as direct acquisitions from the FDIC, they have maintained a focus on community banks throughout the years. Carlile Bancshares has significant committed capital to provide the resources to acquire community banks and achieve the company’s goals over a multi-year time period.
In 1996, this management team formed State National Bancshares, Inc. (“SNBI”) and chartered its subsidiary State National Bank, a de novo national banking association originally chartered in Lubbock, Texas. From 1996-2005, SNBI completed nine acquisitions and grew from a de novo in 1996 to a publicly held company with assets of over $1.7 billion at the time of its acquisition by Banco Bilbao Vizcaya Argentaria (BBVA), S.A. on January 3, 2007.
Capital and Leadership for Community Banks
With a history steeped in community bank acquisition and management, in 2009, the founders established Carlile Bancshares with a focus on providing capital and expertise to take community banks to the next level. They maintain a commitment to upholding the community bank tradition of providing strong customer service coupled with quality banking products. Banks within the Carlile Bancshares portfolio family will continue to serve their communities as good corporate citizens. Bank customers will see no disruption of service and can expect their banks to prosper under Carlile Bancshares' ownership. Carlile is interested in banks that are looking for shareholder alternatives.
Carlile Bancshares holds one of only a few FDIC approved “shelf charters” that allows the company bidding access to federally insured banks being auctioned by the FDIC. This specialized vehicle is designed to acquire the assets and deposits of failing depository institutions from the FDIC. The charter remains inactive or “on the shelf” until Carlile is the successful bidder of a failing institution. Carlile’s owners believe that the shelf charter gives it a strong advantage on capitalizing on the current downturn in the banking sector. Carlile is eligible to bid on banks up to $2.8 billion in size, based on its current capital capacity.
Find out more about these members of the Carlile Bancshares portfolio of community banks:
Community Bank, Fort Worth, TX
Community Bank, Fort Worth with ten locations in Southwest Tarrant County, Hood, Johnson, Dallas and Rockwall counties and assets of $570 million was acquired on August 12, 2014.
In the fourth quarter of 2014, it will be merged into NORTHSTAR BANK OF TEXAS to give Carlile $1.7 billion in assets and 27 locations in Texas and combined with NORTHSTAR BANK COLORADO’s assets of $600 million and 22 locations will total $2.3 billion in assets and 49 locations across Texas and Colorado.
Northstar Bank of Texas, Denton, Texas
NORTHSTAR BANK OF TEXAS is the largest locally-owned bank in Denton County, Texas and one of the largest in the Dallas/Fort Worth Metroplex. With ten locations in Denton County and Northeast Tarrant County, NORTHSTAR leads the way in community banking with a responsive and personalized style. With assets now approaching $1 billion, the focus continues to be on supporting our professional and entrepreneur customer with a commercial emphasis, and packaging products that enrich the banking relationship with full-service solutions. For more information go to: https://www.northstarbanks.com
The Bank at Broadmoor, Colorado Springs, Colorado
Bank at Broadmoor merged with Colorado Community Bank to form Northstar Bank Colorado in August 2013
Treaty Oak Bank, Austin and Marble Falls, Texas
Merged with Northstar Bank of Texas in November 2012
Community State Bank, Austin, Texas
Merged with Treaty Oak Bank in May 2011.
Colorado Community Bank
Colorado Community Bank merged with the Bank at Broadmoor to form Northstar Bank Colorado in August 2013
Goldome Financial, Inc.
Goldome was established in January of 2010 by three partners of the law firm of Black, Mann & Graham, L.L.P. Goldome provides warehouse lines of credit to the mortgage lending industry operating in Texas and other states, for the purpose of funding mortgage loan transactions. Goldome’s acquisition by Northstar Bank of Texas, allows the bank to provide another avenue to provide its customers with full-service solutions.