Independent Financial Announces Construction of Second Phase to Corporate Headquarters

On January 19, Independent Financial, a financial services company with 93 locations across Texas and Colorado, announced that construction has begun on phase two of the company’s headquarters in McKinney. The companies making the announcement also included the City of McKinney, McKinney Economic Development Corp. and KDC, a corporate build-to-suit development and investment firm. The … Read more

In Memoriam: Wayne Frederick, Founder of The WFA Group

Wayne Henry Frederick, founder of the financial services company The WFA Group, passed away on December 31, 2020. He was 88. Upon graduating from high school, Frederick served in the U.S. Navy from 1951 to 1955 during the Korean War, attached to the U.S. Mine Force Fleet in Charleston, South Carolina. While he was stationed … Read more

FirstCapital Bank of Texas Announces New Year Promotions in Amarillo

Midland-based FirstCapital Bank of Texas recently announced the promotions of the following employees in Amarillo. Edmond Bachman has been promoted to vice president/relationship manager. Originally from Vernon, he has a bachelor’s degree in business finance from Midwestern State University and has been with FirstCapital Bank of Texas since 2014. Jacob Ortega has been promoted to vice … Read more

Texas Bank and Trust Promotes Freeman to Assistant Vice President at Overton Branch

Cascey Freeman has been promoted to assistant vice president and consumer lender at the Overton branch of Longview-based Texas Bank and Trust. She began her banking career as a bookkeeper with First State Bank of Overton prior to its merger into Texas Bank and Trust in 2013. She quickly transitioned to the role of administrative assistant … Read more

Spirit of Texas Bancshares Completes Sale of Jacksboro Branch to First State Bank

Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that on January 8 it completed the previously announced sale of its Jacksboro location to Graham-based First State Bank. Under the terms of the transaction, the bank sold loans of approximately $3.5 million, deposits of approximately $5.7 million and the real … Read more

Thomas Wesley Herbst, Former President and CEO of First State Bank of Jasper, Passes Away

Thomas Wesley Herbst, former president and CEO of First State Bank of Jasper, passed away on January 8. He was 87. After earning a degree in chemical engineering from the University of Texas in 1956, he worked for the Ethyl Corp. in Houston before returning to Jasper to work for the First State Bank in … Read more

Western Bank Promotes Coke to Executive Vice President/Chief Lending Officer

Dan Odom, president and CEO of Lubbock-based Western Bank, recently announced the promotion of Christopher W. Coke to executive vice president/chief lending officer. With more than 25 years of banking experience, Coke has been with Western Bank since 2016. Prior to this promotion, he served as senior vice president/loan officer. Established in 1909, Western Bank … Read more

Anahuac National Bank Promotes Naivar to Assistant Cashier

Ken Moore, president and CEO of Anahuac National Bank, recently announced the promotion of James Naivar to assistant cashier. As an employee of Barbers Hill Bank for the past seven years, Naivar has served in many roles and in 2017 was promoted to administrative assistant and new accounts department supervisor. Barbers Hill Bank is part of the Anahuac National Bank … Read more

Houston Nonprofit CEO Aguirre Reappointed to Dallas Fed Board

The Federal Reserve Board of Governors has reappointed Claudia Aguirre of Houston to the Federal Reserve Bank of Dallas board of directors. She will serve a three-year term ending December 31, 2023. On the board since 2019, as a member she provides input into regional and national economic conditions as part of the Federal Reserve’s … Read more

Interstate Bank Promotes McCutchen to Executive Vice President/Head of Operations and Board Secretary

Perryton-based Interstate Bank recently announced that Shelly McCutchen has been promoted to executive vice president/head of operations and board secretary. She joined the bank 24 years ago and has worked in various positions. “Shelly’s a total team player, always willing and able to go above the call of duty and has earned the respect of … Read more