TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On March 19, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals to complete its previously announced acquisition of Lone Star State Bancshares Inc., the parent company of Lubbock-based Lone Star State Bank of West Texas. Alan Lackey, CEO of Lone Star State Bank, will … Read more
Austin-based inbanx Inc., a leading provider of spend-management solutions, has announced the appointment of Ken Burgess to its board of directors. Burgess is a seasoned financial executive with a distinguished career spanning more than 50 years. He founded FirstCapital Bank of Texas in 1998 with a vision of fostering great relationships with the businesses and … Read more
On April 17, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of First Bancshares of Texas Inc., the parent company of Midland-based FirstCapital Bank of Texas NA. The merger is expected to be effective as of May … Read more
Texas Governor Greg Abbott has appointed Brad Curlee and reappointed Michael A. Neill to the School Land Board for terms set to expire on August 29, 2023. The board manages the acquisition, sale and mineral leasing of the lands that comprise the Permanent School Fund, which contributes billions of dollars each year to public education … 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
The Federal Home Loan Bank of Dallas (FHLB Dallas) has had a busy summer partnering with numerous financial institutions to award funding to community-based organizations as part of its Partnership Grant Program (PGP). FHLB Dallas serves approximately 800 members and associated institutions across its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. In … Read more
El Campo-based Prosperity Bank has appointed Mike Marshall West Texas area chairman. He has 31 years of banking experience and has been with Prosperity Bank for 22 years. Marshall oversees 34 banking centers across West Texas and serves on the bank’s management committee, West Texas loan concurrence committee and 401k committee. In addition, he chairs the … Read more
Houston-based Prosperity Bank recently announced the promotion of Brent Hoffman to Lubbock regional president. He previously served as banking center president. Hoffman has 34 years of banking experience in Lubbock, 14 of which have been with Prosperity Bank. Hoffman earned his bachelor’s degree in finance from Texas Tech University. Active in his community, he has … Read more
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
El Campo-based Prosperity Bank, the City of Lubbock and Lubbock ISD are partnering for the 18th-annual American Tribute Flag Field. The flags are flying from September 11 to September 18 at Kastman Park, located at Lynnhaven Dr. and South Loop 289 in Lubbock. The flag field tribute serves as a remembrance of the lives lost … Read more