TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The OCC reports that it has approved an application by Lone Star Capital Bank National Association, based in San Antonio, to acquire Business Bank of Texas National Association, based in Austin. Branches The OCC reports that it has approved an application by Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, to establish a … Read more
Jenks, Oklahoma-based Gateway Mortgage, a division of Gateway First Bank, announced that it has opened a new mortgage center in West Texas to meet increased demand from local communities for home financing. The new mortgage center in Odessa will serve all the surrounding areas and suburbs. Gateway has more than 50 locations in Texas and … Read more
Odessa-based SouthWest Bank recently announced the promotions of key employees in various roles and new appointments to the board of directors. Paul Weaver, a 20 year veteran with SouthWest Bank, has accepted the position of Odessa area president. He is currently the chief lending officer at SouthWest Bank and will continue in this role as … Read more
American Banker, along with Best Companies Group, recently cited 85 financial institutions across the U.S. as inductees on its 2020 “Best Banks to Work For” list. The recognition honors U.S. banks for outstanding employee satisfaction. It’s no surprise that a number of Texas-based community banks are included on the list. What’s interesting, though, is the … Read more
Arlington-based BancAffiliated Inc., the sole shareholder of Affiliated Bank National Association, and Odessa-based Odessa SouthWest Bancshares Inc., the sole shareholder of SouthWest Bank, have mutually agreed to terminate their merger agreement, previously announced last December. The termination is in response to the extreme uncertainty resulting from the global health crisis caused by the COVID-19 pandemic and … Read more