First Financial Bankshares Announces Name Change for Weatherford National Bank
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ABILENE, Texas, June 24 /PRNewswire-FirstCall/ -- First Financial Bankshares, Inc. (Nasdaq: FFIN) announced today that its subsidiary bank, Weatherford National Bank in Weatherford, Texas, is changing its name to First Financial Bank, N.A., to better benefit from the Company's growing brand identity. "We have more and more customers who enjoy the convenience of being able to bank at any of our 48 locations across Texas," said F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares, Inc. "In addition, we believe that our strong capitalization, experienced management team and excellent reputation favorably position us to grow during the year ahead. We expect the current economic challenges to generate improved opportunities for acquisitions and want to be poised to take advantage of those opportunities as they present themselves." "Even though it's a new name, we will continue to be the same customer-focused, community-based bank with a local board of directors and a local bank chairman and president, who will continue to make local decisions," said Doyle Lee, Chairman and CEO of First Financial Bank, Weatherford. "We will remain true to the values and fundamentals that have made us successful and will be the same bank and the same friendly people," said Jay Gibbs, President of First Financial Bank, Weatherford. "Our officers and employees will continue to serve our customers and be personally involved in and supportive of our community." First Financial Bank (formerly Weatherford National Bank) is a subsidiary of First Financial Bankshares, Inc. Headquartered in Abilene, Texas, First Financial Bankshares operates ten separately chartered banks with 48 locations and 65 ATMs in Texas. In addition to First Financial Bank, N.A., Weatherford, the other subsidiary banks of First Financial Bankshares are First Financial Bank, N.A., Abilene, Albany, Clyde and Moran; First Financial Bank, N.A., Eastland, Ranger and Rising Star; First Financial Bank, N.A., Cleburne, Burleson, Alvarado and Midlothian; First Financial Bank, Hereford; San Angelo National Bank, San Angelo; First Financial Bank, N.A., Mineral Wells, First Financial Bank, N.A., Southlake, Trophy Club, Keller, Bridgeport, Decatur and Boyd; First Financial Bank, N.A., Stephenville, Granbury and Glen Rose; and First Financial Bank, N.A., Sweetwater, Roby, Trent and Merkel. The Company also operates First Financial Trust and Asset Management Company, N.A., with six locations and First Technology Services, Inc., a technology operating company. The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN. For more information about First Financial Bankshares, please visit our Web site at http://www.ffin.com. Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as "expect", "plan", "anticipate", "target", "forecast" and "goal". Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. Other key risks are described in the Company's reports filed with the Securities and Exchange Commission, which may be obtained under "Investor Relations-Documents/Filings" on the Company's Web site or by writing or calling the Company at 325.627.7155. Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise. SOURCE First Financial Bankshares, Inc. F. Scott Dueser, President & CEO of First Financial Bankshares, Inc., +1-325-627-7155
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