TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson Branches The OCC reports that Newfirst National Bank, based in El Campo, has applied to relocate a branch from 609 N. Wells in Edna to 711 N. Wells in Edna. The TDB reports that Frost Bank, based in San Antonio, has established a branch at 2982 Fulton St. in Houston. The TDB reports that it has approved an application by Alliance … Read more
Dallas banking icon George Jones passed away on May 21 at age 77. For most of the past year, he endured challenges caused by an illness—the exceedingly rare Vexas Syndrome—that had developed over the past 20 years. But, according to his obituary, no one ever heard him complain. After earning his BBA degree from the … Read more
On May 26, Birmingham, Alabama-based BBVA USA announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020. The branches, which opened in early May, feature updated models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience … Read more
Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more
Las Cruces, New Mexico-based Western Heritage Bank announced that Shannon Molina has been promoted to controller. She began her banking career in 2003 with First American Bank and joined Western Heritage Bank as a teller shortly thereafter. Molina has held positions in both operations and accounting at the bank over the years. She holds several certifications in … Read more
What began in the 1950s as rumblings of a new bank in Houston’s Montrose district grew into an institution with true staying power. This year, that institution has reason to celebrate. Central Bank, Houston’s longest-serving independent bank, is marking its milestone 65th anniversary. L.E. Cowling, owner of Southern States Life Insurance, set the wheels in … Read more
The membership of the Texas Bankers Association recently elected officers for the 2021-22 fiscal year. Elected were Chairman Raymond “Rusty” Rust III, president and CEO of Commercial Bank of Texas in Nacogdoches; Vice Chair A. Ford Sasser III, president and CEO of Rio Bank, McAllen; and Treasurer David W. Osborn, president and chief operating officer … Read more
Midland-based FirstCapital Bank of Texas has hired Garrett Bird to serve as vice president/relationship manager at the bank’s Lubbock Indiana branch location. He has eight years of banking experience with a focus on commercial lending. He received his finance degree from Texas Tech University. Bird, who grew up in Lubbock, is happy to return to his … Read more
Independent Banker, the flagship publication of the Independent Community Bankers of America, recently published its third-annual list of “40 Under 40: 2021’s Emerging Community Bank Leaders.” According to the magazine, “The competition highlights young community bankers who stepped up to help their banks navigate a chaotic year. They delivered economic relief. They introduced new technology. … Read more
Houston-based Prosperity Bank recently announced the promotion of Brent Hoffman to Lubbock regional president. He previously served as banking center president. Hoffman has 34 years of banking experience in Lubbock, 14 of which have been with Prosperity Bank. Hoffman earned his bachelor’s degree in finance from Texas Tech University. Active in his community, he has … Read more