TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
Dallas-based Comerica Bank has appointed Summer Faussette as national African American business development manager supporting the bank’s ongoing commitment to building strong relationships with African American business leaders, entrepreneurs and communities across all markets. These responsibilities are an extension of her current role as vice president/external affairs–Arizona. As national African American business development manager, Faussette will collaborate … Read more
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to banks at a special virtual video presentation on December 3. The Cornerstone Award recognizes excellence in community involvement by Texas banks. The following banks were honored with the 2020 Cornerstone Award. … Read more
Dallas-based Comerica Inc. has promoted Jason Baker to Houston market president, succeeding J. Downey Bridgwater. Earlier this year, Bridgwater announced his plan to retire during the first quarter of 2021 after 24 years at Comerica and 40 years in banking. In his new role, Baker will oversee business and community development efforts in the Houston … Read more
On September 22, Dallas-based Comerica Inc. announced that David Whiting, senior managing director of the Technology and Life Sciences (TLS) division, has been named president of the division. He will manage Comerica Bank’s TLS teams in California, Massachusetts, New York, Texas, Virginia, Washington and Toronto, Canada. Whiting, a 17-year veteran of Comerica Bank, has served … Read more