March 12, 2003

For Information Contact:
Erica Vasek at State Bank (979) 968-7294
erica.vasek@statebanktx.com

CEDAR PARK, TX -- Joe B. Reed recently joined the State Bank Cedar Park Banking Center's Investor Services as an Investment Representative/Financial Advisor, according to President and Chief Executive Officer Don Stricklin.

A former National Football League player (NFL), Reed was born in Newport, Rhode Island and grew up in Lorenzo, Texas. He attended Baylor University in Waco, Texas before graduating from Mississippi State University in Starkville, Miss. with a Bachelor of Science Engineering Degree.

After playing nine years in the NFL as a quarterback for both the San Francisco 49ers and the Detroit Lions, he began an investment career that has spanned more than 20 years. He has extensive experience in commercial real estate, insurance, stocks, bonds, annuities, options and mutual funds, as well as in-depth training in retirement planning, asset allocation and estate planning. Before joining State Bank, Joe worked for Morgan Stanley for 10 years.

"Adding an experienced investment representative of Joe's caliber to our staff will give our customers the opportunity to handle both their short and long term finances in one place - State Bank," Stricklin says. "A seasoned professional, Joe will help clients develop highly individualized investment action plans that reflect their specific well goals and objectives."

State Bank is a wholly owned subsidiary of Texas United Bancshares, Inc., a registered financial holding company that is listed on the Nasdaq National Market under the symbol "TXUI." State Bank offers a complete range of banking services in the greater central and south central Texas area. Headquartered in La Grange, State Bank operates 18 full-service banking centers located in the Texas counties of Fayette, Lee, Waller, Atascosa, Comal, Harris, Williamson, Travis, Colorado, Brazos and Gonzales.