TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In January, FNBK Holdings Inc. and its wholly owned subsidiary, First National Bank of Kemp, and Rice-based First State Bank announced that they have entered into an agreement whereby FNBK Holdings Inc. would acquire First State Bank. Upon closing of the transaction, expected in the second quarter of 2022, First State Bank will be merged … Read more
Baton Rouge, Louisiana-based Business First Bancshares Inc., the holding company for b1BANK, has completed its acquisition of Texas Citizens Bancorp Inc. and its wholly owned bank subsidiary, Pasadena-based Texas Citizens Bank National Association. The acquisition became effective March 1. “This partnership in the Houston area is an important step in the widening of our footprint … 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
On January 4, San Antonio-based Texas Partners Bank announced a partnership with Legacy Mutual Mortgage. The acquisition of the partnership interests of Legacy Mutual Mortgage provides Texas Partners Bank—whose members include The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank—with a comprehensive mortgage platform broadening the bank’s reach and depth of … Read more
Dallas-based First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that it has completed its acquisition of TGR Financial Inc. and its bank subsidiary, Naples, Florida-based First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida, plus … Read more
On December 16, Home Bancorp Inc., the holding company of the 113-year-old Lafayette, Louisiana-based Home Bank NA, and Friendswood Capital Corp., the holding company of Houston-based Texan Bank NA, jointly announced the signing of a definitive agreement and plan of merger under which Home Bancorp will acquire Friendswood Capital Corp. in an all-cash transaction. The … Read more
On October 21, Baton Rouge, Louisiana-based Business First Bancshares Inc., the holding company for b1BANK, and Texas Citizens Bancorp Inc. jointly announced the signing of a definitive agreement under which Business First will acquire Texas Citizens and its wholly owned bank subsidiary, Pasadena-based Texas Citizens Bank NA. Following the completed transaction, the combined institution is … Read more
The Bank of Austin is scheduled to open its second financial center near downtown Austin. The Hartland Plaza location at 1717 W. 6th St., Ste. 110, will open during the fourth quarter of 2021. Near well-established neighborhoods, the new location is within five minutes of the city’s Tarrytown and Pemberton neighborhoods. It is also 10 … Read more
Plano-based Alkami Technology Inc., a leading cloud-based digital banking solutions provider for U.S. financial institutions, announced that the company has finalized its acquisition of San Diego, California-based MK Decisioning Systems LLC, also known as MK Decision, a technology platform and provider for digital account opening, credit card and loan origination solutions. With the acquisition, Alkami … Read more