GATESVILLE (April 8, 2013)—Extraco Banks has agreed to sell its Gatesville Financial Center to Coryell County in exchange for a long-term lease on the 4,000 square feet needed for the financial center, Extraco announced Monday.
The deal gives the county the remaining 12,000 square feet of the building.
“Extraco and Coryell County have partnered on a deal that’s great for our community,” said Michael W. Thompson, President and CEO of Extraco Banks.
“We’re meeting the needs for both entities while creating efficiencies and cost savings, which is a win-win for all involved.”
The only change Extraco customers will notice is the reconfiguration of the entrance to allow for access to both the bank and county office areas.
Extraco has a similar arrangement with the City of Lorena.