We are excited to announce that Affiliated Bank’s parent company has signed an agreement to acquire SouthWest Bank from Odessa SouthWest Bancshares, Inc. After the completion of the transaction, expected to occur during the 2nd quarter of 2020, Affiliated Bank will merge with SouthWest Bank to become the premier community bank in Texas. After a transition period, we plan to operate the combined bank under the SouthWest Bank name. We look forward to the endless opportunities that this merger presents for you, our communities and team members. We remain deeply committed to our customers and know that the alignment of values and cultures between our two companies will allow us to serve you in more ways than ever before.

SouthWest Bank was founded in Odessa, Texas, to provide a banking environment where you can do business with people you trust. SouthWest Bank has six full-service locations (Odessa, Midland, and Lubbock) and also offers a full suite of products, including commercial banking, mortgage, SBA, factoring and trust services.

What does this mean for you? A bigger, stronger, more diversified bank, with additional locations and lending capacity. Our new combined bank will provide enhanced technology, products and services to better serve you. You can still expect the same friendly faces, superior personal service and fast decision-making that you’ve come to expect.

Our highest priority throughout this process is a smooth, seamless transition for you. We will continue to provide regular updates as our banks come together. We know you’ll have questions regarding this merger. The enclosed FAQs should begin to answer your questions. If you have any additional questions, please feel free to call us at (800) 395-3900 or stop by your local branch.

As the news of this transaction becomes public, please be aware that Affiliated Bank will never request your username, password or other electronic banking credentials by phone, email or through a link sent in an email. If you receive a suspicious call, text or email please email service@affiliatedbank.com or call (800) 395-3900 to report the incident.

 

Press Release FAQs SouthWest Bank