GRANBURY, Texas, Aug. 24 /PRNewswire-FirstCall/ -- First Financial Bank, a subsidiary of First Financial Bankshares, Inc. , has announced plans to build a third branch office in the Granbury area, to be located at 2915 Fall Creek Highway in Acton. A groundbreaking ceremony is scheduled for 9:30 a.m. on August 28 at the site.
"The decision to build a third location in the Granbury area was driven by the bank's desire to provide additional convenient locations to serve all of the bank's customers in the growing Granbury area," said Bart Rodgers, Granbury President for First Financial Bank. "Continued support from our loyal customers and a growing clientele has made this expansion possible. In addition to traditional bank services, we will also offer a complete array of mortgage loan and trust services."
The building will be 3,500 square feet and will have six drive-thru lanes as well as an additional drive-up ATM for greater customer convenience and faster transaction times. The bank anticipates hiring six new associates to staff the new location. A March 2008 opening is anticipated.
"We are delighted to continue our commitment to provide the highest quality of service to our customers by adding another full-service banking location in Acton," said Ron Mullins, President and CEO of First Financial Bank.
First Financial Bank also has three locations in Stephenville and one in Glen Rose. It is part of First Financial Bankshares, Inc., a financial holding company that operates ten separately chartered banks with 45 locations in Texas. The bank subsidiaries 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; Hereford State Bank, Hereford; City National Bank, Mineral Wells; San Angelo National Bank, San Angelo; First Financial Bank, N.A., Southlake, Trophy Club, Keller, Bridgeport, Decatur and Boyd; First Financial Bank, N.A., Stephenville, Granbury and Glen Rose; First National Bank, Sweetwater, Roby and Trent; and Weatherford National Bank, Weatherford, Willow Park and Aledo. The Company also operates First Financial Trust and Asset Management Company, N.A., with five 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.
