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Major Merger

Big bank deal shows Texarkana attractive to big business

There’s going to be a new bank in town. A very old, very big new bank.

Banking giant Wells Fargo & Co. announced Wednesday a deal to acquire Century Bancshares, which operates Century Bank in Texarkana and branches in both Texas and Arkansas.

The stock-for-stock merger is awaiting shareholder approval.

Century Bank started out as the First National Bank of New Boston more than 100 years ago. Since changing its name in 1998, it has grown to be a significant financial force in Texarkana and the surrounding areas, responsible for innovations such as greatly exp...
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