First Financial to Buy Orange Savings Bank


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First Financial Bankshares, Inc.(NASDAQ: FFIN) today announced that it has entered into a definitive agreementto acquire Orange Savings Bank, SSB for an expected combination of cash andstock purchase price of approximately $56.0 million. Pending regulatory andshareholder approval, the acquisition is expected to be finalized in thesecond quarter of 2013.The acquisition of Orange Savings Bank expands First Financial Bankshares'growing Texas footprint into the cities of Orange, Port Arthur, Vidor,Mauriceville and Newton, Texas. These six locations are located and servicethe broader areas of Orange, Jefferson and Newton Counties, all withinsoutheast Texas, approximately 100 miles east of Houston along Interstate 10.

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