Susser Bank Holdings, LLC agreed to acquire a 75% stake in Bancaffiliated Inc. (OTCPK:BAFI) on September 22, 2017. The family will make the acquisition through an entity named Susser Bank Holdings LLC which will become a savings and loan holding company pursuant to the transaction. Sanford Brown of Alston & Bird acted as Financial advisor to Susser Bank Holdings LLC. Susser Bank Holdings, LLC completed the acquisition of 66% stake in Bancaffiliated Inc. (OTCPK:BAFI) on July 2, 2018. Sam L. Susser is newly appointed chairman of the board of Bancaffiliated. Garry Graham president and Chief Executive Officer of Bancaffiliated will continue to lead in those same roles. Commerce Street Capital, LLC acted as financial advisor and Luse Gorman, P.C acted as legal advisor to Bancaffiliated. Alston & Bird acted as legal advisor to Susser Bank Holdings.