text: **First Financial Bankshares, Inc.**
  
  We provide management and technical resources and policy direction to our subsidiary banks, which enables 
  them to improve or expand their banking services while continuing their local activity and identity. Each of our 
  subsidiary banks operates under the day-to-day management of its own board of directors and officers, with 
  substantial authority in making decisions concerning their own investments, loan policies, interest rates, and service 
  charges. We provide resources and policy direction in, among other things, the following areas: 
  
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  asset and liability management; 
  
  accounting, budgeting, planning and insurance; 
  
  capitalization; and 
  
  regulatory compliance. 
  
  In particular, we assist our subsidiary banks with, among other things, decisions concerning major capital 
  expenditures, employee fringe benefits, including pension plans and group insurance, dividend policies, and 
  appointment of officers and directors and their compensation. We also perform, through corporate staff groups or 
  by outsourcing to third parties, internal audits and loan reviews of our subsidiary banks. Through First National 
  Bank of Abilene, we provide advice and specialized services for our banks related to lending, investing, purchasing, 
  advertising, public relations, and computer services. 
  
  While we have no specific acquisition agreements in place or commitments to expand our branch network, we 
  periodically evaluate various potential financial institution acquisition opportunities and also periodically evaluate 
  potential locations for new branch offices. We anticipate that funding for any acquisitions or expansions would be 
  provided from our existing cash balances, available dividends from subsidiary banks, utilization of available lines of 
  credit and future debt or equity offerings. 