Bank / Credit Union

Texas Regional Bank acquires Smith-Reagan Insurance

October 17, 2023

Texas Regional Bank has acquired Smith-Reagan Insurance, a commercial insurance services provider in Cameron County, Texas. This is part of the bank's strategy of expanding its insurance subsidiary TRB Insurance Agency, according to a press release.

The Smith-Reagan team will work in its current San Benito location and serve TRB's branch network across Texas.

"This acquisition is a key milestone for our insurance division's growth strategy, and we look forward to delivering even more value to our customers in all our regions," Ryan Newman, president, TRP insurance division, said in the release. "The alignment of our core values makes this acquisition a great cultural fit."