College Station-based American Momentum Bank has launched a formal Energy Finance Division, expanding its commitment to serving companies across Texas’ energy sector and building on the bank’s existing relationships in the industry. American Momentum Bank has long served customers in the sector, particularly upstream oil and gas companies and energy service businesses.
“Energy continues to be vitally important to the Texas economy, to the communities we serve and to many of our customers,” says Bo Scott, president. “We already have meaningful experience working with companies in this industry, and formalizing the Energy Finance Division gives us an opportunity to build on that foundation while bringing a more focused approach to serving energy businesses across the state.”
The division will initially focus on upstream oil and gas companies, with additional emphasis on midstream companies, oilfield and energy service businesses, power generation companies and businesses involved in renewable energy and energy transition activities. Financing capabilities will include reserve-based lending, borrowing-base facilities, term loans, equipment financing, midstream project financing and working capital lines.
The bank will pursue opportunities across the state, including the Permian Basin, Eagle Ford, Haynesville and Gulf Coast energy markets. It will continue working closely with its commercial lenders in Midland and Odessa, while increasing business development efforts in Houston and Dallas/Fort Worth.
The new division is led by Jim Dixon, who has transitioned from his position as executive vice president and chief risk officer to executive vice president and managing director of energy finance. Dixon has been with American Momentum Bank since 2018 and has more than 16 years of experience in commercial banking and financial services. His background includes commercial lending, relationship management, credit administration and work with energy-sector clients. In his previous role at American Momentum, he oversaw areas including credit administration, compliance and internal audit, and worked closely with the bank’s board, regulatory agencies and external auditors.
“Serving in a risk leadership role required me to understand nearly every aspect of how the bank operates, from credit and underwriting to servicing, internal controls and regulatory expectations,” Dixon says. “That experience has made me a stronger banker and gives me a broader perspective when I sit down with a customer. I understand how to ask better questions, identify opportunities and connect clients with the resources of the bank.”
Dixon earned a BBA degree in international business from Sam Houston State University.
Established in 2006, American Momentum Bank has 18 full-service banking centers in Texas and eight full-service banking centers in Florida.
