Corpus Christi, Texas-based First Community Bank is expanding along the state’s Gulf Coast by acquiring First National Bank in Port Lavaca..The deal is expected to close early next year. Financial terms of the deal have not been disclosed. A $381 million bank, First National has four branches — Port Lavaca, Seadrift, Port O’Connor and Victor — along with $313 million in deposits. The $661 million First Community Bank has a dozen branches — four in Corpus Christi and eight along the Gulf Coast — and $584 million in deposits. “Becoming part of First Community Bank ensures our customers will continue to be served by a locally owned and operated community bank for generations to come,” said First National Bank President & CEO Terry Cullen.
