TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 25, Maple Financial Holdings Inc., the parent company of Dallas-based MapleMark Bank, and Oakwood Bancshares Inc., the parent company of Dallas-based Oakwood Bank, announced that they have entered into a definitive merger agreement to combine in a merger-of-equals transaction. Under the terms of the agreement, the combined holding company will be Maple Financial … Read more
Students in Houston-based Texas Southern University’s (TSU) newly established Future Bankers Leadership Program achieved an impressive 100 percent pass rate for a key professional certification exam—giving them a distinct advantage as they pursue careers in the finance and banking industry. The Risk Management Association’s Credit Essentials Certificate (RMA CEC), which is tied to the program’s … Read more
BauerFinancial Inc., the nation’s premier bank-rating firm, recently announced that Midland-based FirstCapital Bank of Texas has been awarded Bauer’s 5-Star rating for the 23rd consecutive time. To earn this top rating, the bank must excel under a rigorous, independent analysis of its financial condition. FirstCapital Bank of Texas has done so continuously since June 2016. … Read more
San Francisco-based Agent IQ Inc., a leader in personal digital customer engagement for financial institutions, recently announced the launch of its Lynq digital assistant and chat service with Temple-based Extraco Banks—Agent IQ’s first financial institution client in Texas. The launch also marks the second live integration with the Q2 mobile banking platform after the strong success … Read more
Houston-based Cadence Bank recently introduced its new logo, which celebrates the combination of legacy BancorpSouth Bank and legacy Cadence Bank NA. The two companies completed their merger in October 2021, becoming the new Cadence Bank. The new logo is the first of several elements to be announced as part of the company’s long-term brand strategy and … Read more
The Frost Medical District Financial Center—the first of 28 new financial centers to open in San Antonio-based Frost Bank’s Dallas region expansion—is now open for business. The new branch, like the other locations in the bank’s recent expansions, features a full range of financial services for consumer and business customers. It’s also home to one … Read more
Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, recently announced the launch of Texas Capital Securities, its affiliated broker dealer. Texas Capital Securities is a member of Financial Industry Regulatory Authority and Securities Investment Protection Corp. and is registered with the U.S. Securities and Exchange Commission, Texas State Securities Board and … Read more
McKinney-based Independent Financial opened a new permanent Denison financial center in early January, replacing the former location that was among the buildings destroyed two years ago by the fire in historic downtown Denison. The new financial center is located at 900 S. U.S. Highway 75, just minutes from downtown. The branch opened on January 10, with … Read more
On December 31, Harlingen-based Texas State Bankshares Inc. and Denton-based Access Bancorp Inc. announced that they have entered into a definitive agreement to merge Access Bancorp Inc. with Texas State Bankshares Inc. and AccessBank Texas with Texas Regional Bank. As a result of the transaction, Texas Regional Bank will add AccessBank Texas’ six banking centers … Read more
On January 3, Corpus Christi-based American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin. “Our acquisition of ACG Equipment Finance is consistent with our long-term strategic plan,” says Stephen Raffaele, CEO and president of American Bank. “Bringing our companies together accelerates our growth strategy, … Read more