TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Larry Allen, Lubbock-based Peoples Bank CEO and chairman, has announced a partnership with Slaton Independent School District to rename the Slaton High School football stadium the Blake J. Boyd Memorial Stadium in honor of a revered Texas banker from the area. Blake J. Boyd, a longtime Slaton resident and community leader, passed away in April … Read more
On August 7, Athens-based First State Bank broke ground on a new full-service banking center in Forney. Construction of the 4,278-square-foot facility is targeted for completion by the end of the year. Bank executives, along with general contractors with the SLI Group Inc., a fully integrated commercial design firm specializing in financial institutions, were on … Read more
On August 16, Texas Banking Commissioner Charles G. Cooper announced that Hondo-based TXN Bank National Association has completed its conversion to a Texas state-chartered bank from a national banking association. TXN Bank began operating under its new charter effective August 16. The bank, a subsidiary of TXN Bancshares Inc., was originally chartered in 1936 and … Read more
On August 7, Texas State Bankshares Inc., the holding company for Harlingen-based Texas Regional Bank (TRB), announced that it has entered into a definitive agreement to acquire Dallas-based investment banking group Estrada Hinojosa & Co. Inc. The acquisition will add a team of 48 individuals—as well as offices in Dallas, Houston, San Antonio, Austin, Edinburg, … Read more
Dallas-based American Bank opened a new branch in Frisco on August 7—the bank’s third location, joining the main office on West Northwest Hwy. in Dallas and its branch in Irving’s Valley Ranch neighborhood. Located at 3382 Preston Rd. in Frisco, the new branch will be managed by Stephanie San Miguel, who has almost 25 years … Read more
FSBH Inc. has agreed to acquire Farmers Bancshares Inc., the parent company of Center-based Farmers State Bank. Upon completion of the merger, management and the employees of the bank will remain in place and there will be no change in the business plan of the bank. The transaction is expected to close in the fourth … Read more
Waco-based The First National Bank of Central Texas recently opened a new banking center in Gatesville. A new facility is currently under construction at 2908 E. Main St. It is expected to open in late 2023 or early 2024. Currently, the bank is operating a temporary location at 1400 E. Main St. in Gatesville. “We … Read more
On July 10, Oklahoma City, Oklahoma-based Valliance Bank announced the establishment of a Fort Worth advisory board. The board will work in tandem with market president Chad Kerr and his team. “Each of these individuals brings their own unique gifts, talents and experiences,” Kerr notes. “We are excited to have them as part of the Vbank … Read more
Texas Regional Bank CEO Michael Scaief and director of the North San Antonio Chamber of Commerce Rich WeimertOn July 20, Harlingen-based Texas Regional Bank held a ribbon-cutting ceremony to celebrate the official opening of its first banking center in San Antonio. This marks the bank’s 29th location in Texas and 10th in the Hill Country … Read more
On July 14, Henderson-based VeraBank announced that it has received the 2023 Financial Services Impact Award in the “Speed” category by North Carolina-based nCino, a financial technology company. The company’s cloud-based banking software helps financial institutions gain efficiencies from digitizing and streamlining processes in commercial banking, small-business banking and retail banking. The award recognizes stand-out … Read more