TEXAS BANKING NEWS, PEOPLE and IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

First Foundation Inc. to Acquire Florida-based TGR Financial and its Subsidiary, First Florida Integrity Bank

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On June 3, Dallas-based First Foundation Inc., a financial services company with two operating subsidiaries, First Foundation Advisors and First Foundation Bank, and Naples, Florida-based TGR Financial Inc., the holding company of First Florida Integrity Bank, jointly announced the execution of a definitive agreement under which TGR Financial will merge into First Foundation in an … Read more

Cornerstone Home Lending to Acquire Roscoe State Bank

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Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced that it has signed a definitive agreement to acquire Roscoe-based Roscoe State Bank. These two family-owned companies with nearly 150 years in business will combine to create an organization holding approximately $2 billion in assets and more than $300 million in equity … Read more

First Financial Bank Announces Plans to Build New Bryan/College Station Location

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Abilene-based First Financial Bank NA, a subsidiary of First Financial Bankshares Inc., announced that it has acquired a new property and will build a state-of-the-art office in Bryan/College Station, located on the northwest corner of Harvey Mitchell Pkwy. and Earl Rudder Fwy. “We certainly are excited to enhance our branch experience for our customers,” says … Read more

Cadence Bank Announces Strategic Business Alliance With Unity National Bank of Houston

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On June 8, Atlanta-based Cadence Bank, a subsidiary of Houston-based Cadence Bancorporation, announced a strategic business alliance with Unity National Bank of Houston, the only Black-owned banking institution in Texas and one of two Black minority depository institutions with a national charter. The cooperative alliance brings growth capital to Unity National Bank, strengthening its ability to make … Read more

Community Bankers Lead Charge to Rebuild Mason County Courthouse After Devastating Fire

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February was not a good month for the Central Texas community of Mason. In addition to battling the pandemic and an arctic freeze that shut off power and water for days and crippled much of the state, the county courthouse in Mason was destroyed by a fire. Although the Texas Historical Commission had provided some … Read more

BBVA USA Opens 11 De Novo Branches Across Texas

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On May 26, Birmingham, Alabama-based BBVA USA announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020. The branches, which opened in early May, feature updated models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience … Read more

VeraBank Completes Acquisition of Panola National Bank

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Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more

Central Bank Marks 65 Years of Service to the Bayou City

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What began in the 1950s as rumblings of a new bank in Houston’s Montrose district grew into an institution with true staying power. This year, that institution has reason to celebrate. Central Bank, Houston’s longest-serving independent bank, is marking its milestone 65th anniversary. L.E. Cowling, owner of Southern States Life Insurance, set the wheels in … Read more

FDIC-Insured Institutions Reported Net Income of $76.8 Billion in First Quarter 2021

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Reports from the commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reflect aggregate net income of $76.8 billion in first quarter 2021, an increase of $58.3 billion (315.3 percent) from a year ago. Aggregate negative provision expense, reflecting improvements in the economy and asset quality, drove the increase in quarterly … Read more

Affiliated Bank Changes Name to Susser Bank

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Dallas-based Affiliated Bank NA has changed its name to Susser Bank to better reflect its ambitious growth strategy. Since 2018, the bank has operated under the ownership and direction of Susser Banc Holdings Corp., led by fifth-generation Texas entrepreneur Sam L. Susser. While the name change legally went into effect December 31, 2020, Susser Bank … Read more

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

Linkedin Twitter Facebook

© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas3

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© 2024 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas