New Name, Same Us


Rio Bank Welcomes
Elsa State Bank & Trust!

We are committed to making this transition as easy as possible, while we continue to deliver the level of service you deserve.

Rio Bank Welcomes
Elsa State Bank & Trust!

We are committed to making this transition as easy as possible, while we continue to deliver the level of service you deserve.

Dear Valued Customer

We are pleased to announce that Elsa State Bank & Trust has been acquired by Rio Bank. Elsa State Bank will begin operating as Rio Bank on September 1, 2018. This acquisition allows Rio Bank to further develop its footprint in the Rio Grande Valley, with 14 bank locations from Starr, Hidalgo and Cameron counties, extending from Roma to Brownsville.

By combining these two well-respected community banks, Rio Bank will have assets of approximately $550 million, with $340 million in loans and $450 million in deposits. Our community banks both share the same vision and devotion in providing quality customer service and diverse products to each and every one of our valued customers. You will continue to see the same friendly and familiar faces you know and trust in servicing all of your financial needs.

Current Elsa State Bank customers will continue to conduct banking business as usual. You will continue to use your same Elsa State Bank accounts, checks, account logins and debit cards until February 2019. “System Integration” will officially take place in February 2019. As part of our commitment to remain your trusted bank, we will ensure this transition causes as little disruption to you as possible.

What you will notice immediately that will change:

  • Rio Bank name on signage and legal documents
  • You will be able to make deposits at all Rio Bank locations and get next day credit
  • Check cashing up to $2,500 at all Rio Bank locations
  • No Surcharge fees for ATM withdrawals at all 8 Rio Bank Locations
  • New Deposit cut-off time change from 4:00 p.m. to 6:00 p.m.

We understand that you may have questions about how this change will affect you as we move forward. Please continue to address inquiries and business transactions with your existing Elsa State Bank representative or loan officer. Enclosed find our document on “Frequently Asked Questions" regarding the merger.

Our expanded team is committed to providing our community with honesty, integrity and quality service. We look forward to welcoming you to Rio Bank.

Cesar Gonzalez
President and Chief Executive Officer
Elsa State Bank & Trust

Ford Sasser
President and Chief Executive Officer
Rio Bank

Frequently Asked Questions

  • Why is Rio Bank acquiring Elsa State Bank?

    Elsa State Bank and Rio Bank are both community customer-focused financial institutions that provide personalized, one-on-one service to our customers in the Rio Grande Valley. By merging our two organizations, both banks’ customers will gain additional products and services, as well as access to 14 fullservice banking centers across our Rio Grande Valley community.

  • Will Elsa State Bank change its name?

    Yes. Under the terms of the merger agreement, the name will change to Rio Bank.

  • When will I notice the new signs?

    The first of September 2018, you will see the Rio Bank signs installed at all Elsa State Bank locations.

  • Tell me more about Rio Bank.

    Rio Bank is a Rio Grande Valley-based bank headquartered in McAllen, Texas. Rio Bank was founded in 1985. Rio’s Founding Principals are “Commitment to Honesty, Integrity and Quality of Service”.

    Rio Bank’s Mission Statement is “We help our community grow”.

  • What happens now with my Elsa State Bank account?

    Nothing at this point; it is business as usual. You may continue to conduct your banking as you always have. We plan to integrate the operating systems February 2019.

  • Will the bank name on my statements and Online Banking screens change in August 2018?

    Yes. You will see the Rio Bank name on your statements, notices and website from this point forward.

  • Will my Elsa State Bank location be closed?

    No. All Elsa State Bank locations will remain open as Rio Bank. More importantly, you will continue to see the same friendly staff at each location.

  • Will branch hours change?

    All locations will have the same hours. Bank lobby hours will be 9:00 a.m. to 4:00 p.m. Monday through Thursday and extended from 9:00 a.m. to 6:00 p.m. on Friday. Motor Bank hours will be 8:00 a.m. to 6:00 p.m. Monday through Friday and 9:00 a.m. to 1:00 p.m. Saturday.

  • How will this affect my FDIC deposit insurance coverage?

    When two insured banks merge, deposits from the assumed bank are separately insured from deposits at the assuming bank for at least six months after the merger. This grace period gives a depositor the opportunity to restructure his or her accounts, if necessary.

    Certificates of Deposit (CDs) from Elsa State Bank are separately insured until the earliest maturity date after the end of the six-month grace period. CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) continue to be separately insured until the first maturity date after the six-month period.

    If a CD matures during the six-month grace period and is renewed on any other basis, it would be separately insured only until the end of the six month grace period.

  • Can I continue to use my Elsa State Bank Online Banking, Mobile Banking, Mobile Deposit and Bill Pay?

    Absolutely. There will be no change at this point. You will continue to log into Additional instructions will be mailed in February 2019 in reference to the full integration of our two operating systems. Also your password(s) will remain the same.