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EXCITING NEWS FOR SOUTHSIDE BANK CUSTOMERS!

PRESS RELEASE INVESTOR PRESENTATION

We are pleased to announce the agreement to merge First Bank & Trust East Texas into Southside Bank.  This transaction is expected to be finalized in the fourth quarter of 2017, with First Bank & Trust East Texas adopting the Southside Bank name and the bank remaining headquartered in Tyler, Texas.

We are excited about this combination, as it brings together two banks with similar core values, a shared community-banking philosophy, strong boards and seasoned management teams. 

The combined company will have approximately $7 billion in assets, strengthening Southside Bank’s position as the tenth-largest bank headquartered in Texas, by deposits. This merger gives us an even broader geographic presence in the East Texas area, complementing our current banking facilities in North Texas and the Austin area.

As our valued customer, you will benefit from this merger through expanded resources and a broader network of ATMs and banking facilities to serve you.   Although we do not expect any significant change that will affect our customers at this time, we will keep you informed of new information as we move through this process. 

This is an exciting growth opportunity for Southside Bank and we look forward to broadening our high level of commitment to our customers and our respective communities with this expansion.

Thank you for banking at Southside!

Lee Gibson
President and Chief Executive Officer

Forward-Looking Statements

Certain statements of other than historical fact that are contained in this document and in other written material, press releases and oral statements issued by or on behalf of Southside Bancshares, Inc. or Diboll State Bancshares, Inc. may be considered to be “forward-looking statements” within the meaning of and subject to the protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “likely,” “intend,” “probability,” “risk,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to Southside Bancshares, Inc.’s or Diboll State Bancshares, Inc.’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause Southside Bancshares, Inc.’s or Diboll State Bancshares, Inc.’s actual results, respectively, to differ materially from the results discussed in the forward-looking statements. For example, discussions about statements about the proposed merger involving Southside and Diboll, including future financial and operating results, Southside’s and Diboll’s plans, objectives, expectations and intentions, theexpected timing of completion of the merger and other statements are not historical facts. Among the key factors that could causeactual results to differ materially from those indicated by such forward-looking statements are the following: (i) the ability to obtainthe requisite Diboll shareholder approval; (ii) the risk that a regulatory approval that may be required for theproposed merger is not obtained or is obtained subject to conditions that are not anticipated; (iii) the risk that a condition to theclosing of the merger may not be satisfied; (iv) the timing to consummate the proposed merger; (v) the risk that the businesseswill not be integrated successfully; (vi) the risk that the cost savings and any other synergies from the transaction may not be fullyrealized or may take longer to realize than expected; (vii) disruption from the transaction making it more difficult to maintainrelationships with customers, employees or vendors; (viii) the diversion of management time on merger-related issues; and (ix)liquidity risk affecting Southside’s and Diboll’s abilities to meet its obligations when they come due.

Additional information concerning Southside Bancshares, Inc., including additional factors that could materially affect its financial results, is included in Southside Bancshares, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2016 under “Business” and Item 1A “Risk Factors,” and in Southside Bancshares, Inc.’s other filings with the Securities and Exchange Commission. Southside Bancshares, Inc. disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments, except to the extent required by law.

Additional Information

Southside Bancshares, Inc. will file a registration statement on Form S-4 with the SEC in connection with the proposed transaction.  The registration statement will include a proxy statement of Diboll State Bancshares, Inc. that will also constitute a prospectus of Southside Bancshares, Inc.  After the registration statement is declared effective by the SEC, a definitive proxy statement/prospectus will be delivered to the shareholders of Diboll State Bancshares, Inc.  SOUTHSIDE BANCSHARES, INC. AND DIBOLL STATE BANCSHARES, INC. URGE INVESTORS AND SECURITY HOLDERS TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain (when available) copies of all documents filed with the SEC regarding the transaction, free of charge, at the SEC’s website (www.sec.gov). You may also obtain these documents, free of charge, from: (i) Southside Bancshares, Inc.’s website (www.southside.com) under the tab “Investor Relations,” and then under the tab “Documents”; (ii) Southside Bancshares, Inc. upon written request to Corporate Secretary, P.O. Box 8444, Tyler, Texas 75711; or (iii) Diboll State Bancshares, Inc. upon written request to Jay Shands at 104 North Temple Drive, Diboll, TX 75941.