TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
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
The Federal Reserve Bank of Dallas recently made announcements of branch board appointments and reappointments in the 11th District, including the San Antonio, Houston and El Paso branches. These appointees will provide input into regional economic conditions as part of the Federal Reserve’s monetary policy functions. They will serve or continue serving for a three-year term … Read more
San Antonio-based Broadway Bank has announced the opening of a new loan production office (LPO) in Round Rock. The location will offer both business and personal loan products and services, including commercial loans, commercial real estate, business banking, private banking and mortgages. The new LPO is part of the bank’s aggressive plan for growth in … Read more
San Antonio-based Broadway Bank recently hired Melissa Garrett as executive vice president/chief audit executive. She is responsible for the internal audit function of Broadway Bank and acts as the chief business advisory and risk person in the company. Garrett will also have oversight for business ethics and coordinate regulatory and external examinations. “We are very excited … Read more
San Antonio-based Vantage Bank Texas and seven-time LPGA winner and major champion Angela Stanford are partnering to provide educational opportunities for children whose families have been impacted by cancer. Stanford formed The Angela Stanford Foundation in 2009 to provide scholarships for students whose families affected by the disease. The foundation currently supports 20 college students through … Read more
In February, the Texas Bankers Foundation, the charitable arm of the Texas Bankers Association (TBA), announced a new banker education scholarship, the Tom Frost Memorial Scholarship. Named for the late Tom Frost of San Antonio-based Frost Bank, the scholarship is available to junior and senior students enrolled in the Southwestern Graduate School of Banking at Southern Methodist University (SWGSB). “We’re … Read more
San Antonio-based Broadway Bank recently announced the hiring of Blake Absher as executive vice president and Austin market executive to spearhead strategic growth in Central Texas. The bank entered the market in 2012 and currently has seven locations in Austin and the surrounding area, and it’s positioned to expand services and hire more talent in 2021. Regional expansion … Read more
Pawhuska, Oklahoma-based Blue Sky Bank recently expanded into Texas with the opening of its San Antonio branch on January 21. The new branch, located at 13750 San Pedro Ave., Ste 275, is the bank’s seventh, and its first location in Texas. “The expansion represents Blue Sky Bank’s dedication to serving entrepreneurs and their local businesses … Read more
On December 17, Gerald “Gerry” Schwebel, executive vice president at Laredo-based IBC Bank, was presented the Asociación de Empresarios Mexicanos (AEM) San Antonio Legacy Award. The AEM San Antonio Legacy Award recipient is selected by the AEM board of directors to recognize a local business leader who has demonstrated continuous support of the association and … Read more