TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Cameron-based Citizens National Bank recently announced three leadership promotions at this month’s board meeting. Steven M. Wise has been appointed chief executive officer and president. He has been with Citizens National Bank since 2009, joining as a regional credit manager and quickly working his way up to chief lending officer in 2012. In the CLO … Read more
The COVID-19 pandemic has disrupted banking. Changing consumer behavior has created new habits that will last a lifetime. Remaining relevant in an evolving competitive landscape reshaped by the pandemic is the challenge. Financial institutions that successfully realign network delivery to traverse this challenge will emerge with the ability to capture present and future opportunities. Productivity … Read more
Larry Burns, president and CEO of The Cowboy Bank of Texas in Maypearl, has announced his retirement after 16 years with the bank and 55 years as a Texas banker. For the past 41 years, he has served in senior management at Texas community banks. Brandon Vaughan, executive vice president and chief lending officer of The … Read more
Tom Sellers, CEO of Sulphur Springs-based Alliance Bank, has been named chairman of the board of Alliance BancShares Inc., the bank’s parent company. In addition, James Law, chief financial officer, will assume Sellers’ former role as president of Alliance Bank and remain CFO for the bank and its holdings, and Keith Shurtleff has been promoted … Read more
On January 19, Independent Financial, a financial services company with 93 locations across Texas and Colorado, announced that construction has begun on phase two of the company’s headquarters in McKinney. The companies making the announcement also included the City of McKinney, McKinney Economic Development Corp. and KDC, a corporate build-to-suit development and investment firm. The … Read more
Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has established a branch at 1319 Kingwood Dr. in Kingwood. The OCC reports that it has approved an application by PNC Bank National Association, based in Wilmington, Delaware, to establish a branch at 3311 E Broad St., Ste. 101, in Mansfield. … Read more
Wayne Henry Frederick, founder of the financial services company The WFA Group, passed away on December 31, 2020. He was 88. Upon graduating from high school, Frederick served in the U.S. Navy from 1951 to 1955 during the Korean War, attached to the U.S. Mine Force Fleet in Charleston, South Carolina. While he was stationed … Read more
Midland-based FirstCapital Bank of Texas recently announced the promotions of the following employees in Amarillo. Edmond Bachman has been promoted to vice president/relationship manager. Originally from Vernon, he has a bachelor’s degree in business finance from Midwestern State University and has been with FirstCapital Bank of Texas since 2014. Jacob Ortega has been promoted to vice … Read more
Cascey Freeman has been promoted to assistant vice president and consumer lender at the Overton branch of Longview-based Texas Bank and Trust. She began her banking career as a bookkeeper with First State Bank of Overton prior to its merger into Texas Bank and Trust in 2013. She quickly transitioned to the role of administrative assistant … Read more
Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that on January 8 it completed the previously announced sale of its Jacksboro location to Graham-based First State Bank. Under the terms of the transaction, the bank sold loans of approximately $3.5 million, deposits of approximately $5.7 million and the real … Read more