On April 30, 2024, Texas Dow Employees Credit Union (“TDECU”), Houston, Texas, announced that it had entered into a definitive agreement to acquire Sabine State Bank and Trust (“Sabine”), Many, Louisiana, the wholly-owned subsidiary of Sabine Bancshares, Inc.

Upon closing, TDECU will have approximately $6.0 billion in assets and 471,000 members.

Sabine has approximately $1.2 billion in assets and has a footprint of 51 branches in Western Louisiana and East Texas.

Luse Gorman is serving as legal counsel to TDECU in the transaction. The Luse Gorman team consists of Jeff Cardone, Michael Brown, Max Seltzer and Babette Schwartz.

Luse Gorman has acted as counsel on more than 100 bank and credit union M&A transactions during the past seven years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.