SOUTHSIDE BANCSHARES INC
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Southside Bancshares, Inc. operates as the holding company for the Southside Bank that provides commercial banking services in east Texas. The bank engages in generating deposits and originating loans. Its deposit products include demand, savings, time, money market, and checking accounts, as well as certificates of deposit. The bank's loan portfolio comprises consumer, commercial, and construction loans. Southside Bank's consumer loan services include 1-4 family residential mortgage loans, home equity loans, home improvement loans, automobile loans, and other installment loans. Its commercial loan services include short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans. The bank also offers construction loans for 1-4 family residential and commercial real estate. In addition, it provides trust, safe deposit, and brokerage services. Southside Bank's trust services include investment, management, administration, and advisory services, primarily for individuals, as well as for partnerships and corporations. The bank primarily invests in the obligations of the U.S. Treasury, the U.S. government agencies, mortgage-backed Securities, and state and political subdivisions. As of December 31, 2004, it operated 22 branches in the counties of Tyler, Longview, Lindale, Jacksonville, Bullard, Chandler, and Whitehouse, Texas. Southside Bancshares is based in Tyler, Texas.