SouthStar Bank Announces Tax Reform Bonus

Feb. 2, 2018 - PRLog -- Moulton, TX – SouthStar Bank, one of the largest independent banks in Texas, announced to team members today that a bonus would be distributed to all employees as a direct result of the recent tax reform.

A letter to staff read:

SouthStar Team Members,

Congress recently passed a tax reform positively affecting most businesses. The bank anticipates benefits from these changes and as a result, the Board of Directors is excited to announce a bonus to each team member. We want to communicate in the clearest and most direct way possible our appreciation for our bank family. We trust you will continue contributing to the ongoing success of the organization. The Board will consider additional rewards as we meet our goals. Thank you for making our Star Shine Bright!

Sincerely,

The Board of Directors

"We are thrilled at this opportunity to give back to our employees. We value their contributions and understand that our ongoing success is made possible through their superior levels of customer service and teamwork," said David Kapavik, President, SouthStar Bank. "As we continue to grow, we are proud to remain the same independent, privately held community bank our employees and customers can trust."

About SouthStar Bank

SouthStar Bank, S.S.B. (headquartered in Moulton, TX) specializes in residential mortgage, real estate and construction lending, operating 14 full-service branches and three loan production offices across the Central Texas region. Built on a 100-year Texas heritage, the bank holds over $750 million in assets and focuses on community involvement and personal relationships. Decisions are made locally, allowing the flexibility to apply common-sense standards to products, services and loan requests.

In addition to lending and traditional financial services, SouthStar Bank brings the latest conveniences to its clients, including online banking and mobile banking with check capture, debit cards with CardValet so you're always in control, and a free worldwide ATM network.

SouthStar Bank is one of the largest independent banks in Texas and holds an impressive 5-Star rating by Bauer Financial. Southern Bancshares (Houston, TX) holds majority ownership of SouthStar Bank. Learn more at http://southstarbank.com. Equal Housing Lender and Member FDIC, NMLS # 410624.