Houston, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- TDECU, Houston's largest not-for-profit credit union, has signed a definitive agreement to acquire Sabine State Bank and Trust (Sabine), a commercial bank headquartered in Many, LA with more than $1.2 billion in assets. TDECU's planned acquisition of Sabine is a noteworthy move for a credit union. The agreement will create greater access to commercial lending products for all communities, especially commercial business owners in oil and gas, agriculture, and energy. At closing, this is expected to be one of the largest credit union acquisitions of a commercial bank in the history of the credit union industry. When finalized, the combined institution will have approximately $6 billion in assets and 471,000 Members. The acquisition will expand the field of membership for TDECU, which has a significant presence in Greater Houston, and a growing presence in the Dallas, Fort Worth and Victoria areas.  "TDECU is on a growth journey to expand across the state ...