What Kind of Banks Do We Need?

By Kyle Irwin, Christopher Williston VI The recent failures of Silicon Valley Bank and Signature Bank have raised important questions. The American public is rightly asking, “What happened to these banks?” “Why are we bailing out these banks’ depositors?” and, “Is my money safe?” Hidden in the debate and sensationalist reporting over the past two … Read more

February 5–11, 2023

Mergers and Acquisitions The TDB reports that Prosperity Bank, based in El Campo, has completed its acquisition of FirstCapital Bank of Texas NA, based in Midland. Branches The OCC reports that First National Bank Texas, based in Killeen, has established a commercial loan office at 1750 Round Rock Ave., Ste. 300, in Round Rock. The TDB … Read more

January 29–February 4, 2023

Mergers and Acquisitions The TDB reports that The Security State Bank, based in Winters, has completed its merger with Victory Financial Corp. The TDB reports that it has approved an application by Vista Bank, based in Dallas, to acquire Charis Bank, based in Justin. Branches The OCC reports that it has approved an application by … Read more

VeraBank Welcomes Gomez as Treasury Management Officer

Henderson-based VeraBank has hired Stephanie Gomez to serve as treasury management officer in the bank’s Bryan/College Station, Huntsville and Conroe markets. Gomez has worked with VeraBank for nearly five years and most recently served as the assistant branch manager at the College Station branch. She holds a BS degree from Texas A&M University. “We couldn’t … Read more

First United Bank Announces 2023 Promotions

Lubbock-based Plains Bancorp Inc., the holding company for First United Bank, has announced the following promotions: Amy Punchard, senior vice president, has been with the bank since 2012 and has almost 19 years of marketing experience. She serves as chief marketing director and offices at the Lubbock-Northwest banking center. Cheryl Huey, senior vice president, has … Read more

December 18–24, 2022

Mergers and Acquisitions The TDB reports that it has approved an application by Chappell Hill Bank, based in Chappell Hill, to merge with GOBI Acquisition Corp., based in Irving. Branches The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established a branch at 38987 Buckeye Trail in Magnolia. The OCC reports … Read more

December 11–17, 2022

Mergers and Acquisitions The OCC reports that Great Plains National Bank, based in Elk City, Oklahoma, has completed its acquisition of Providence Bank of Texas SSB, based in Southlake. The TDB reports that Prosperity Bank, based in El Campo, has applied to acquire Lone Star State Bank of West Texas, in Lubbock. The FRBD reports … Read more

SouthWest Bank Appoints George New Odessa Market President

On December 28, Odessa-based SouthWest Bank announced the appointment of Phil George as Odessa market president. He currently serves as the bank’s senior vice president of commercial lending. George replaces Paul Weaver, who has been elected as the bank’s chief executive officer, effective January 1, 2023. George has 19 years of experience in the banking … Read more

Texas Regional Bank Acquires Insurance Agency, Establishes Insurance Division

On December 5, Harlingen-based Texas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto and life insurance, as well as commercial insurance. The new TRB Insurance division was created with the acquisition of Mission Duncan Insurance … Read more

First Financial Bank Opens 79th Branch in Texas

Abilene-based First Financial Bank NA recently opened its 79th branch, a 3,300-square foot location in Lumberton. The addition extends the bank’s Southeast Texas region’s reach further north into Hardin County. The region also has locations in Orange, Vidor, Mauriceville, Newton, Port Arthur and Beaumont. First Financial Bank expanded its footprint into Southeast Texas in 2013, … Read more