On March 1, the selection committee of the Texas Bankers Hall of Fame announced that Cynthia L. Blankenship, Randal Clayton, Joe C. McKinney, Paul S. Moxley and the late Glen E. Roney have been chosen as its 2019 honorees. These prestigious Texas bankers will be inducted on April 25 at the Seventh Annual Texas Bankers Hall of Fame Gala held in the Lowman Student Center Orange Ballroom of Sam Houston State University in Huntsville. The Texas Bankers Hall of Fame, established by the Smith-Hutson Endowed Chair of Banking at Sam Houston State University, recognizes outstanding bankers who have made valuable contributions to the profession and pioneered the Texas banking industry.
Cynthia L. Blankenship is a charter shareholder, director and vice chair/corporate president of Bank of the West in Grapevine. She is past chair of the Independent Community Bankers of America (ICBA) and currently serves on its board, as well as on numerous ICBA committees. Recently, she also served on the FDIC community banking advisory board.
Blankenship has testified many times on Capitol Hill before the U.S. House of Representatives financial services committee and the Senate banking committee. She has attended meetings at the White House and participated in a nationally broadcast press conference with President Barack Obama and Treasury Secretary Timothy Geithner. Blankenship continues to have a presence in Washington, D.C., attending meetings at the U.S. Treasury, Federal Reserve Bank, Consumer Financial Protection Bureau and the Small Business Administration.
Blankenship was chair of the Independent Bankers Association of Texas (IBAT) in 2002 and also has served as chair of the IBAT Education Foundation. In addition, she was appointed dean for bankers and chaired the Southwestern Graduate School of Banking Foundation at Southern Methodist University. In 2009, she received the distinguished alumni award from that institution’s Cox School of Business. In 2004, U.S. Banker magazine (now American Banker) named her one of the “50 Most Powerful Women in Banking.”
Blankenship is a member of the Grapevine Chamber of Commerce board and, in 2009, chaired the Grapevine-based GrapeFest Gala, which focuses on Texas wineries and is one of the largest community events in the Southwest U.S.
Randal Clayton has provided banking services to the citizens of Van Zandt County for 46 years. From teller to president and chairman of the board, he has spent his entire career with the First State Bank of Ben Wheeler. The bank has been locally owned and operated since 1911.
Clayton was a football All-American linebacker during high school and played football for one year at Tyler Junior College before earning a BBA degree and an MBA degree from East Texas State University.
In 1986, Clayton and his wife, Pam, purchased First State Bank of Ben Wheeler as 100 percent shareholders, making the bank one of only six in the state of Texas to be owned by one stockholder. At that time, the bank had total assets of $9.5 million and one branch. The second branch, in Edom, opened in 1987. A third branch opened in Canton in 2001 and Edgewood in 2009. At the end of 2018, the bank had grown to four branches with $146 million in assets.
In 1998, the bank relocated its headquarters to a new building in Ben Wheeler and vacated the premises it had occupied since 1919. Clayton donated the vacated building to Van Zandt County to be used as an office facility and court for the local justice of the peace. Clayton’s son, Chet Clayton, and daughter, Gina Thelen, now manage the bank’s daily operations and, along with a third sibling, Julie Stern, serve on the First State Bank of Wheeler’s board.
When not at the bank, Randal Clayton enjoys raising cattle, traveling in his RV and spending time with his eight grandchildren.
Joe C. McKinney began his banking career in 1974 as a credit analyst at Texas Commerce Bank in Houston, and in 1985, was named the bank’s executive vice president and head of commercial banking. In 1987, McKinney joined Texas Commerce Bank–San Antonio as chairman and CEO, a position he held until 2002 when he retired. Texas Commerce Bank experienced tremendous growth during McKinney’s 14-year tenure at the helm.
In 2002, McKinney was named vice chair and board member of Broadway National Bank in San Antonio. Today, Broadway Bank has almost $4 billion in assets with offices in San Antonio, Austin and the Texas Hill Country.
The bank’s loan portfolio has grown from approximately $500 million to more than $2 billion.
McKinney is active in many San Antonio-area organizations, including the San Antonio Economic Development Foundation (SAEDF), of which he was named chair from 2001 to 2003. During his SAEDF leadership, he was integral in bringing a new Toyota truck manufacturing facility to San Antonio. McKinney also serves the San Antonio Medical Foundation, Texas Biomedical Research Institute, University Health System Foundation and development board of the University of Texas Health Service Center. He was named the 2003 “North Chamber San Antonian of the Year.”
In addition to serving on the Broadway Bank board, McKinney is a member of several corporate boards, including Luby’s Inc. and New York REIT, a real estate investment trust. He is also a past director of USAA Real Estate Co. In 2017, McKinney was honored by the National Association of Corporate Directors as one of the “Top 100 Corporate Directors in America.”
Paul Moxley is president and CEO of Texas Regional Bank in Harlingen and has been a McAllen resident most of his life. He holds a BS degree in construction engineering from Trinity University. He played football in college, as well as one season with the San Antonio Toros.
Moxley began a military career in the U.S. Army in 1968 as a second lieutenant in the Corp of Engineers. In 1969, he served as a military assistance command advisor in South Vietnam. Upon returning to the states, he served 14 years in the U.S. Army Reserve.
Moxley began his banking career in 1970 with McAllen State Bank, then joined Valley Federal Savings Bank in 1973 as president and director. In 1983, he was named president, CEO and director of Security State Bank in Pharr. In 1986, he joined Texas State Bank as president and director, also serving as executive vice president of Texas Regional Bancshares Inc., the bank’s holding company. At Texas State Bank, he worked alongside the late Glen Roney.
In 2006, Texas State Bank sold to BBVA and Moxley served as the bank’s South Texas regional manager, where he was instrumental in overseeing the 2008 integration and conversion of Texas State Bank into BBVA Compass. He continued with BBVA Compass until his retirement in 2011. In 2012, Moxley joined Texas Regional Bank as president, CEO and board director.
Moxley was the recipient of the Oscar Cardenas Humanitarian and Community Leadership Award for Easter Seals and, in 2003, was named “Distinguished Citizen of the Year” by the Rio Grande Council of the Boy Scouts of America. In 2017, he was honored as “McAllen Man of the Year.” Moxley currently serves on three boards and is a past member of 16 additional community-based organizations. He also served as board chair of the Texas Bankers Association.
In addition to traveling with his wife, Paula, Moxley likes to work, hunt, fish and play golf.
Glendon Edward Roney, who passed away last November, launched his banking career as a file clerk in 1947 at the San Benito Bank and Trust Co. In 1951, he enlisted in the U.S. Air Force to serve in the Korean War and, upon his discharge, returned to San Benito to resume a banking career that spanned more than 60 years.
In 1961, Roney accepted a position with McAllen State Bank as chief operations and lending officer, eventually becoming the bank’s CEO and president. In 1979, he moved the company into its current 17-story building, which remains a Valley landmark and the centerpiece of McAllen’s downtown business district today. In 1981, Roney and a group of McAllen business leaders opened Texas State Bank. Two years later, it merged with Harlingen State Bank under a new holding company, Texas Regional Bancshares Inc.
During the 1990s, Roney led the expansion of Texas Regional Bancshares throughout the state, acquiring banks with locations in Rio Grande City, Roma, Mission, Hidalgo, Brownsville, Raymondville, Harlingen, Houston, Eagle Pass and Sugar Land. The holding company acquired Corpus Christi Bancshares, Southeast Texas Bancshares, Port Arthur Abstract and Title, McAllen-based Valley Mortgage Co. and Dallas-based Mercantile Bank & Trust. In 1994, Texas Regional Bancshares went public on the Nasdaq exchange.
By the time the company was sold to BBVA in 2006 for $2.165 billion in cash, it had grown from its humble beginnings into a $7-billion banking organization with 73 locations throughout Texas. After BBVA acquired Compass Bancshares Inc. and merged all of the Texas State Bank branches, Roney served the company as a director for 10 years.
In 1973, Roney worked closely with McAllen city leaders to obtain approval for the McAllen Foreign Trade Zone, the first inland non-seaport foreign trade zone in the U.S. Today, it consists of
more than 775 acres and 400-plus companies representing 42 countries across the globe.
Among his service to his community and state, Roney sat on the Texas Water Development board, appointed to that position by Governor Dolph Briscoe and re-appointed by Governors Bill Clements and Mark White. He served as chairman of the Texas Water Resources Finance Authority and co-chairman of the governor’s task force committee on border economic development. He was also a founding member of the South Texas College board of trustees and served as director for the Texas Bankers Association.
Roney and his wife, Rita K., served on the board of governors of the McAllen Boys and Girls Club. In 2004, they were honored when the organization built the Glen E. and Rita K. Roney Center. In 2008, Roney was inducted into the Texas Business Hall of Fame.
Published in Bankers Digest March 18, 2018