East Texas Financial Services, Inc. (the "Company"), (OTC Bulletin Board: FFBT), the holding company for First Federal Bank Texas, Tyler, Texas, today announced that the Company has postponed its previously announced annual shareholder meeting as a result of the Company's merger with Prosperity Bancshares, Inc. ("Prosperity"). The Company had announced an annual shareholder meeting date of January 25, 2012.

Company President and CEO, Derrell W. Chapman, CPA stated that the Company plans to call a special meeting of shareholders to vote on the merger agreement with Prosperity, which provides for the merger of the Company into Prosperity with Prosperity as the surviving entity. Accordingly, if the merger agreement is approved at the special meeting and the merger is completed, the Company will not hold an annual shareholder meeting.

East Texas Financial Services, Inc., is the holding company for First Federal Bank Texas, Tyler, Texas, which operates three full service locations in the Tyler area and one full service location in Gilmer, Texas. The Company's stock is traded under the symbol "FFBT" on the OTC Electronic Bulletin Board.

East Texas Financial Services, Inc.
Derrell W. Chapman, 903-593-1767
President, and CEO
www.ffbtx.com