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Rio Bank closes acquisition of Elsa State Bank and Trust

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Rio Bank closes acquisition of Elsa State Bank and Trust

McAllen, Texas-based Rio Bank has completed its acquisition of Elsa, Texas-based Elsa State Bank and Trust Co., according to Rio Bank's website.

Elsa State Bank and Trust began operating as Rio Bank on Sept. 1.

Until system integration takes place in February 2019, current Elsa State Bank and Trust customers will continue to use the same accounts, checks, account logins and debit cards.

The combined institution will have approximately $550 million in assets, $340 million in loans and $450 million in deposits.

Rio Bank is a unit of Rio Financial Services Inc.