TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Thomas Wesley Herbst, former president and CEO of First State Bank of Jasper, passed away on January 8. He was 87. After earning a degree in chemical engineering from the University of Texas in 1956, he worked for the Ethyl Corp. in Houston before returning to Jasper to work for the First State Bank in … Read more
Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has applied to establish a branch at 24531 IH10 W in San Antonio. The TDB reports that it has approved an application by Lakeside Bank, based in Rockwall, to establish a branch at 5950 Berkshire Ln., Ste. 825, in Dallas.
Mergers and Acquisitions The TDB reports that it has approved an application by Happy State Bank, based in Amarillo, to acquire Muleshoe Bancshares Inc., based in Muleshoe, as well as First Bank of Muleshoe, based in Muleshoe. Branches The TDB reports that First State Bank, based in Shallowater, has applied to establish a branch at 11235 … Read more
Dan Odom, president and CEO of Lubbock-based Western Bank, recently announced the promotion of Christopher W. Coke to executive vice president/chief lending officer. With more than 25 years of banking experience, Coke has been with Western Bank since 2016. Prior to this promotion, he served as senior vice president/loan officer. Established in 1909, Western Bank … Read more
Ken Moore, president and CEO of Anahuac National Bank, recently announced the promotion of James Naivar to assistant cashier. As an employee of Barbers Hill Bank for the past seven years, Naivar has served in many roles and in 2017 was promoted to administrative assistant and new accounts department supervisor. Barbers Hill Bank is part of the Anahuac National Bank … Read more
Magnolia, Arkansas-based Farmers Bank & Trust has opened its first full-service branch in Paris. Located at 1375 NE Loop 286, the bank purchased and remodeled the former TEXAR Federal Credit Union building. The new branch will provide full teller, accounts and loan services, a drive-thru and notary. In addition, there will be a MyFarmers iTeller … Read more
The Federal Reserve Board of Governors has reappointed Claudia Aguirre of Houston to the Federal Reserve Bank of Dallas board of directors. She will serve a three-year term ending December 31, 2023. On the board since 2019, as a member she provides input into regional and national economic conditions as part of the Federal Reserve’s … Read more
Perryton-based Interstate Bank recently announced that Shelly McCutchen has been promoted to executive vice president/head of operations and board secretary. She joined the bank 24 years ago and has worked in various positions. “Shelly’s a total team player, always willing and able to go above the call of duty and has earned the respect of … Read more
The Federal Reserve Board of Governors has reappointed Greg L. Armstrong as chair and Thomas J. Falk as deputy chair of the Federal Reserve Bank of Dallas board of directors for 2021. Armstrong is co-founder and retired chairman and CEO of Houston-based Plains All American Pipeline LP. He joined the Dallas Fed board in 2015 and … Read more
On January 5, Oklahoma City, Oklahoma-based The Bankers Bank, a correspondent bank serving community banks in Oklahoma, Texas and New Mexico, announced the promotion of Troy Appling to president and CEO. He will provide leadership, direction and guidance of the holding company and subsidiaries in achieving their goals and objectives. The Bankers Bank conducted a … Read more