TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
An article published recently in Texas Tech Today addresses the tremendous need for community banking and notes the recent high volume of Paycheck Protection Program loans that were processed by community banks as one example of the importance of these financial institutions. The September 2 article by Glenys Young, titled “Researchers Warn Community Banks Are … Read more
An impressive number of community banks were included in the recently published 2020 list of the “100 Best Companies to Work for in Texas,” an annual recognition program developed by Texas Monthly magazine, the Texas Association of Business, Texas Society for Human Resource Management and Best Companies Group. Among the companies recognized in the small-sized-employer … Read more
Arlington-based BancAffiliated Inc., the sole shareholder of Affiliated Bank National Association, and Odessa-based Odessa SouthWest Bancshares Inc., the sole shareholder of SouthWest Bank, have mutually agreed to terminate their merger agreement, previously announced last December. The termination is in response to the extreme uncertainty resulting from the global health crisis caused by the COVID-19 pandemic and … Read more
In July, Texas banks, which have been supporting customers, small businesses and communities throughout the COVID-19 pandemic, announced a unity grant program to provide quick relief to minority and women-owned small businesses impacted by manmade or natural disasters. Reflecting the work of Texas community banks, the Texas Bankers Association and its charitable arm, the Texas Bankers … Read more
The sixth-annual Certified Community Bank Director’s program (CCBD) will be held via Zoom October 21–23. Spread over three afternoons, the program will feature the industry’s top minds discussing the essentials of community bank directorship in a time of unprecedented disruptions and black swans. From corporate governance and understanding performance metrics to risk management and compliance, … Read more
Austin Capital Bank, MyTelemedicine and Alkami are included on Inc. magazine’s “Inc. 5000,” a list of the fastest-growing privately held companies in the U.S. The list spotlights the most successful independent small businesses. Plano-based Alkami, which operates a cloud-based B2B platform as a service and provides online and mobile banking services for financial institutions and … Read more
O n August 25, the Federal Deposit Insurance Corp. (FDIC) reported that commercial banks and savings institutions saw a decrease in net income of 70 percent from a year ago, while liquidity and capital levels remained very strong to meet loan demand and absorb any losses in the future. For the 5,066 commercial banks and … Read more
On August 25, Texas Heritage Bancshares Inc., the parent company of Hondo National Bank, and Medina Community Bancshares Inc., the parent company of Hondo-based Community National Bank, jointly announced the signing of a definitive agreement to combine the two holding companies into Texas Heritage Bancshares. The merger agreement was unanimously approved by the board of … Read more
Tyler-based Southside Bank is opening a new Austin branch on August 31 at The Domain. The new space, located at 11815 Alterra Pkwy., Ste. 100, is a relocation of the bank’s Austin branch on N. Mopac Expwy., which will close on August 28. In addition to The Domain location, Southside Bank will continue to serve … Read more
On July 20, Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that the bank has entered into a branch purchase-and-assumption agreement to sell its Clear Lake location to Galveston-based Moody National Bank. “Moody will obtain a book of business that they can successfully build on in the Moody … Read more