A Merger of East Texas Banks

TYLER- Southside Bancshares, the parent company of Tyler’s Southside Bank, has announced a merger with First Bank & Trust, East Texas’ parent company Diboll State Bancshares. The combined assets of the company comes to nearly $7 billion. A company news release says the merger has been unanimously approved by the boards of directors of both companies and is expected to close during the fourth quarter of 2017, after receipt of regulatory approvals, the approval of the shareholders of Diboll State Bancshares, Inc. and the satisfaction of other customary closing conditions. The combined entity will operate under the names Southside Bancshares, Inc. and Southside Bank.

Southside will host a conference call for analysts and investors on Tuesday, June 13, at 9:00am. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 38296669 or by identifying “Southside Bancshares, Inc., Merger with Diboll State Bancshares, Inc.” To listen to the call via webcast, register at http://www.southside.com/about/investor-relations. For those unable to listen to the conference call live, a recording of the conference call will be available from approximately 12:00 noon June 13, through June 25, by accessing the company website, http://www.southside.com/about/investor-relations