TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Corsicana-based Community National Bank & Trust of Texas celebrated the addition of a full-service branch in Waxahachie with a grand opening event on May 11. The event commenced with a double ribbon cutting provided by the Waxahachie Chamber of Commerce and Red Oak Chamber of Commerce, both of which the bank holds membership. “The bank … Read more
As COVID vaccinations increase and mask mandates subside, businesses are beginning to draw sighs of relief, hoping that the worst is behind us and the future brings some sense of normalcy. But there is no doubt that the past 14 months have been fraught with anxiety, not only for the health of our population, but … Read more
In 1961, North Dallas Bank & Trust Co. opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers and seven employees. Today, the bank is celebrating 60 years in business with $1.5 billion in total assets, more than 160 employees and … Read more
On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more
Mergers and Acquisitions The TDB reports that Happy State Bank, based in Happy, has applied to acquire First National Bank of Tahoka, based in Tahoka. The TDB reports that Commercial Bank of Texas National Association, based in Nacogdoches, has acquired a branch from Texas Bank and Trust Co., based in Longview. The branch is located at 102 W. … Read more
Mergers and Acquisitions The TDB and FRBD report that BAT Investments Inc., based in Austin, has applied to acquire Capital Bank of Texas, based in Carrizo Springs. Branches The OCC reports that Bank of America National Association, based in Charlotte, North Carolina, has applied to establish a branch at 2522 W. Grand Pkwy. N in Katy. The OCC reports … Read more
After 50 years of extraordinary service and dedication to Junction National Bank and its customers, former bank president Rob Roy Spiller retired on April 1. He will maintain his position as chairman of the board. Spiller was raised on the family ranch near Junction in Kimble County, a ranch he now owns and operates. A … Read more
On April 22, five legendary bankers were inducted into the Texas Bankers Hall of Fame during the Eighth Annual Texas Bankers Hall of Fame Gala on the campus of Sam Houston State University (SHSU) in Huntsville. These prestigious bankers—the late James B. Bexley, Lloyd R. Ferguson, William David Lacy, Victor Pierson and Allan James Rasmussen—were recognized … Read more
On April 22, Wade Donnell, CEO of The National Bank of Texas at Fort Worth, along with the bank’s board of directors, announced that Steve Eargle has been elected chairman of the board. A board member since 2017, Eargle currently serves on the executive, strategic planning, property and director’s loan committees. Eargle is a founding … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more