TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Pittsburgh, Pennsylvania-based PNC Bank NA recently announced that Dillan Knudson has been named regional president/head of commercial banking in Austin. PNC Financial Services Group Inc., PNC Bank’s parent company, completed its acquisition of BBVA USA Bancshares Inc., the parent company of BBVA USA, on June 1. Knudson most recently served as Houston CEO for BBVA … Read more
Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced that it has signed a definitive agreement to acquire Roscoe-based Roscoe State Bank. These two family-owned companies with nearly 150 years in business will combine to create an organization holding approximately $2 billion in assets and more than $300 million in equity … Read more
Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established the following branches: 3311 E. Broad St., Ste. 101, in Mansfield; 3630 W. University Dr. in McKinney; and 4001 Matlock Rd. in Arlington. The OCC reports that it has approved an application by Bank of America National Association, based in Charlotte, North Carolina, to … Read more
Branches The OCC reports that Newfirst National Bank, based in El Campo, has applied to relocate a branch from 609 N. Wells in Edna to 711 N. Wells in Edna. The TDB reports that Frost Bank, based in San Antonio, has established a branch at 2982 Fulton St. in Houston. The TDB reports that it has approved an application by Alliance … Read more
Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more
Home Office The TDB reports that WestStar Bank, based in El Paso, has applied to relocate its home office from 500 N. Mesa in El Paso to 601 N. Mesa in El Paso. Branches The OCC reports that Texas Republic Bank National Association, based in Frisco, has established a branch at 1212 S. Preston Rd., … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Happy State Bank, based in Happy, to acquire First National Bank of Tahoka, based in Tahoka. The TDB reports that Peoples Bank, based in Lubbock, has acquired First Bank & Trust, based in Seymour. Branches The OCC reports that Amarillo National Bank, … Read more
Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Sunflower Bank NA, and Austin-based Pioneer Bancshares Inc., the holding company of Pioneer Bank SSB, jointly announced on May 11 that they have entered into a definitive agreement pursuant to which Pioneer Bancshares and Pioneer Bank will merge with and into FirstSun Capital Bancorp and Sunflower … Read more
On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more
Mergers and Acquisitions The TDB reports that Happy State Bank, based in Happy, has applied to acquire First National Bank of Tahoka, based in Tahoka. The TDB reports that Commercial Bank of Texas National Association, based in Nacogdoches, has acquired a branch from Texas Bank and Trust Co., based in Longview. The branch is located at 102 W. … Read more