The American National Bank of Texas of Terrell, Texas, has acquired Dallas-based insurance agency Sleeper, Sewell & Company. Terms of the transaction were not announced.
Led by President and CEO Robert A. Hulsey, American National Bank has banking centers in the Dallas and Northeast Texas area. Founded in 1875, it is one of the oldest independently owned banks in Texas.
“The acquisition of Sleeper, Sewell & Company provides a premier foundation agency for The American National Bank of Texas in the Dallas marketplace,” said Paul Vredenburg, senior vice president of MarshBerry, who represented the bank on behalf of MarshBerry. “This strategic acquisition will augment their current product offerings by enabling the bank to provide insurance services to their commercial banking customers.”
William E. Sleeper is president and CEO of Sleeper, Sewell, a 43-year old firm with 47 employees and $60 million in premiums. Sleeper described the move as an “alliance with a highly respected, diversified financial institution that has become a role model for Texas community banking.”
Topics Mergers & Acquisitions Texas
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