Cardenas Promoted to Abilene Regional President at Prosperity Bank

Jesse Cardenas has been named the Abilene regional president of El Campo-based Prosperity Bank. He has 20 years of banking experience, 17 of which have been with Prosperity Bank. He will oversee 12 banking centers in Abilene, Merkel, Cisco, Brownwood, Early, Comanche, Gorman and San Angelo. Cardenas was named vice president and banking center manager … Read more

Prosperity Bancshares Receives Regulatory Approvals for Lone Star State Bancshares Acquisition

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

inbanx Inc. Welcomes Burgess, Former CEO of FirstCapital Bank of Texas, to its Board

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

Prosperity Bancshares Receives Regulatory Approvals for First Bancshares of Texas Acquisition

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 Abbott Appoints Community Bankers Curlee and Neill to School Land Board

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

Prosperity Bancshares to Acquire FirstCapital Bank of Texas and Lone Star State Bank of West Texas

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

Federal Home Loan Bank of Dallas and Member Banks Provide $559,000 to Community-based Organizations

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

Marshall Promoted to West Texas Area Chairman at Prosperity Bank

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

Hoffman Promoted to Lubbock Regional President at Prosperity Bank

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

Forbes 2021 Best Bank List Includes Eight Based in Texas

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