Legend Bank Wins Federal Reserve Approval for Graham Savings and Loan Acquisition

Legend Bank has received Federal Reserve approval to acquire Graham Savings and Loan. This marks a significant milestone in the partnership between the two Texas community banks, which share similar values and commitments to relationship banking.

The transaction has previously received unanimous approval from both organizations' Boards of Directors and 99.21% of Graham Savings and Loan shareholder votes at a Special Shareholders' Meeting on August 6, 2026.

Legend Bank's President & CEO, Jay Bearden, expressed gratitude for the confidence shown throughout the process and emphasized that the two banks share a commitment to community banking, local decision-making, and relationship-based service.