Top 100 Firm Whitley Penn has agreed to merge with JonesBaggett LLP. The deal is slated to close on Nov. 1, 2014.

Cecil Jones, managing partner of JonesBaggett LLP, and the team will join the Dallas office of Whitley Penn. The new addition will boost the firm’s presence in Dallas and will increase its staff to 248 employees.

The addition of the JonesBaggett team expands Whitley Penn’s financial institutions practice to include banks ranging in asset size from $60 million to $13 billion. These bank clients are located throughout Texas and neighboring states. Jones will serve as the firm’s practice group leader for the Financial Institutions Industry Group.

“Whitley Penn has distinguished itself in serving public and private clients, and we are pleased to join a firm that shares the same values regarding client service. Joining Whitley Penn will provide a broad platform for our clients and we are excited about the opportunity to be part of the firm,” JonesBaggett’s managing partner Cecil Jones said in a statement.

Jones has more than 30 years of experience in planning and supervising audits, acquisition reviews, financial statement preparation and various types of SEC and other regulatory filings. He also has experience in financial institutions, including commercial banks, bank holding companies, mortgage banks and savings and loan associations.

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