TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Omaha, Nebraska-based Pinnacle Bancorp Inc. and its subsidiary, Fort Worth-based Pinnacle Bank, have received regulatory approval for the acquisition of San Antonio-based Crockett National Bank. On December 1, Crockett National Bank changed its name to Pinnacle Bank. Its San Antonio, San Angelo, College Station, New Braunfels and Ozona branches will become part of Pinnacle Bank’s … Read more
San Antonio-based Vantage Bank has announced plans to enter the Houston market before the end of 2022, according to Community Impact. The move will start with a loan production office in the Galleria area at 5151 San Felipe St., says Cody Cannon, market president in Houston. Officials are in the process of finalizing the lease, … Read more
Bee Cave-based Keystone Bank raised $18 million in its latest round of funding—with an industry expert noting that its growth makes it one of the fastest-growing banks in the country. The fresh funds will be used to expand the bank’s team, enhance its banking technology and put the four-year-old community bank on track to handle … Read more
Choudrant, Louisiana-based Origin Bank has announced that it will establish a flagship location in the heart of Dallas’ premier commercial center with the planned relocation of its Preston banking center. The new location is currently under development in Berkshire Court, located at 8411 Preston Rd. “I’m thrilled to share Origin’s plans to strengthen our presence … Read more
Corpus Christi-based American Bank announced that Eric Vigil has joined the bank as chief compliance officer. Making the announcement was Stephen C. Raffaele, president and CEO. Vigil joins American Bank with more than 12 years of experience in compliance risk management. During his career, he has led teams with responsibility for and oversight of compliance, … Read more
On October 27, Arp-based American State Bank announced a partnership with Super Bowl-winning Kansas City Chiefs quarterback Patrick Mahomes as the bank looks to accelerate its expansion plans and digital transformation. As part of this buildout in the Lubbock, Amarillo, Plainview and Dallas/Fort Worth markets, Mahomes has become a significant stakeholder in American State Bank. … Read more
Tupelo, Mississippi-based Cadence Bank recently expanded its community banking and commercial and industrial (C&I) presence in the Fort Worth market to accommodate its business growth efforts. For nearly a decade, Cadence Bank has established strong roots in the North Texas market. The new office is located near the Fort Worth Stockyards at 111 N.W. 24th St. … Read more
In mid-October, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced the signing of two acquisition agreements. In one, Prosperity has agreed to acquire First Bancshares of Texas Inc. and its banking subsidiary, Midland-based FirstCapital Bank of Texas NA. The second agreement signed by Prosperity Bancshares indicates its intention to acquire Lone … Read more
On October 12, Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, announced new plans for its headquarters located in Dallas. The bank has executed a 15-year lease term with Union Investment Real Estate GmbH, owner of the building at 2000 McKinney Ave., and will rename the entire building to Texas Capital … Read more
San Antonio-based Frost Bank is continuing its 28-location expansion in the Dallas area with recently completed branches in North Garland, West Dallas and Denton. The North Garland financial center—the fourth new branch in the regional expansion—was celebrated on August 26 with a free chuckwagon breakfast at the bank to say hello to the neighborhood. The … Read more