Houston-based Gulf Capital Bank has received conditional approval from the Texas Department of Banking and Federal Deposit Insurance Corp. (FDIC) to open Houston’s first de novo bank in the market in more than a decade. The bank is expected to open in late fourth quarter 2019 or by early first quarter 2020.
According to a company press release, the bank “aims to redefine the value of a bank by offering the personal relationship touches of a traditional community bank combined with the ease of state-of-the-art banking technology and global connections.”
The Gulf Capital Bank team is led by Ed Jones, chair and CEO, and Jonathan Homeyer, president and chief lending officer. Jones and Homeyer are the former commercial banking managers of Houston’s largest banks, JPMorgan Chase & Co. and Wells Fargo & Co., respectively. Combined, the two hold more than 50 years of banking experience.
Noreen Skelly is the bank’s chief financial and chief operating officer. With more than 25 years of banking experience, she most recently served as CFO of Veritex Holdings Inc. Jeremy Manning, chief information officer, joins the team with more than 25 years of technology and cybersecurity experience. Deborah Grayson, chief administration officer, is a former executive vice president of the Bank of River Oaks. Ashley Lyons brings her experience at a leading marketing agency to her role as the bank’s director of marketing. Organizers include respected Houston business and civic leaders, as well as longtime West Texas banker David Williams.
Gulf Capital Bank plans to target businesses with annual revenues up to $2 billion. “We see great opportunity…to provide commercial banking to middle-market companies, their owners and employees, and their families and friends,” Jones says. “Gulf Capital Bank intends to differentiate itself by offering more personalized, customized products tailored to the individual needs of Houston’s premier businesses.”
“Our owners are our customers, and we consider our employees, shareholders and customers as family,” Homeyer adds.
The bank will be located on the first floor at One Riverway, at the corner of Woodway and South Post Oak Lane.
Published in Bankers Digest October 14, 2019