SOURCE: Texas United Bancshares, Inc.

March 20, 2006 08:42 ET

Texas United Bancshares Announces First Quarter Cash Dividend of $0.08 per Share

LA GRANGE, TX -- (MARKET WIRE) -- March 20, 2006 -- The Board of Directors of Texas United Bancshares, Inc. (NASDAQ: TXUI), a community banking organization located in central and south central Texas and in areas north and south of the Dallas-Fort Worth metroplex, declared a first quarter cash dividend of $0.08 per share on the Company's common stock. The dividend is payable on April 3, 2006 to shareholders of record as of the close of business on March 17, 2006.

Texas United Bancshares, Inc. is a registered financial holding company listed on the NASDAQ National Market under the symbol "TXUI." Texas United operates through three wholly owned subsidiary banks, State Bank, GNB Financial, n.a. and Gateway National Bank, all of which offer a complete range of banking services. State Bank is headquartered in La Grange, Texas with twenty-five (25) full-service banking locations in central and south central Texas. GNB Financial is headquartered in Gainesville, Texas with seven (7) full-service banking centers located in Cooke, Denton and Ellis counties, north and south of the Dallas-Fort Worth metroplex. Gateway National Bank is headquartered in Dallas, Texas with six (6) Dallas area banking centers. In addition, State Bank operates ten (10) mortgage loan production offices and five (5) limited service branches located in Houston, San Antonio and Austin, Texas.

Forward-Looking Statements

Except for historical information, certain of the matters discussed in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the following: general business and economic conditions in the markets Texas United serves may be less favorable than expected which could decrease the demand for loan, deposit and other financial services and increase loan delinquencies and defaults; changes in the interest rate environment which could reduce Texas United's net interest margin; acquisition integration may be more difficult than anticipated; legislative or regulatory developments including changes in laws concerning taxes, banking, securities, insurance and other aspects of the financial securities industry; competitive factors may increase, including product and pricing pressures among financial services organizations; and changes in accounting principles, policies or guidelines. All written or oral forward-looking statements are expressly qualified in their entirety by these cautionary statements. Please also read the additional risks and factors described from time to time in Texas United's reports and registration statements filed with the Securities and Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements contained in this release.

Contact Information

  • Jeff Wilkinson
    Texas United Bancshares, Inc.
    +1-979-968-7230