TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Scotty Wood Lindley, 66, passed away on December 14 in Abilene. At the time of his death, he was serving as president of the Abilene branch of the First National Bank of Albany/Breckenridge. Born in 1954 in Albuquerque, New Mexico, Lindley married Terry Lee Ramsey in 1977. He earned his BBA degree in finance, with a … Read more
San Antonio-based Lone Star Capital Bank NA has entered into a purchase-and-assumption agreement for substantially all of the assets, deposits and certain other liabilities of Austin-based Business Bank of Texas NA. The acquisition is expected to be completed early in the second quarter of 2021. Established in 2007, Business Bank of Texas has total assets of … Read more
The board of directors of Waco-based The First National Bank of Central Texas (FNBCT) unanimously approved officer promotions during its December meeting. Steve Gohring has been promoted to chief operating officer. He brings nearly four decades of banking experience to his new position. He’s worked in the operations department at FNBCT since 2015. John Low … Read more
Philip Paul Cloud, former executive vice president and chief credit officer at Bank of the West in Grapevine, passed away on December 3 after a brief stay at Dallas Methodist Hospital. He was 61. After receiving his bachelor’s degree in finance from the University of Texas–Arlington, Cloud followed in the footsteps of his father, Roger … Read more
Steven M. Ellis, who served as managing director of the corporate investment banking and financial institutions group at Dallas-based Commerce Street Capital, passed away on November 29. He was 62. Ellis had more than 35 years of experience in the financial services industry as an investor, executive, advisor and director of financial institutions and other … Read more
Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more
Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has applied to establish a branch at 3311 E. Broad St., Ste. 101, in Mansfield. The OCC reports that Lone Star National Bank, based in Pharr, has applied to establish a branch at 3100 N. Indiana Ave. in Brownsville. The TDB reports that First State Bank, based … Read more
On December 15, Dallas-based North Dallas Bank & Trust Co. (NDBT) announced that W. Michael Shipman will retire as chairman of the board and chief executive officer on March 31, 2021. Shipman will be succeeded by the bank’s current president, Larry A. Miller, effective April 1, 2021. “It is fitting that during North Dallas Bank & Trust’s … Read more
Linda Somerville, vice president of marketing at Fredericksburg-based Security State Bank & Trust is retiring at the end of the month after 30 years at the bank and 37 years in banking. She led the marketing efforts of the bank’s 16 branches from her office in Kerrville. In retirement, she plans to spend more time on … Read more
Gainesville-based First State Bank announced the following promotions after the annual officer review and achievement meetings: Michael Ware named senior vice president/trust officer, wealth management and trust; Nate Bayless named senior vice president, lending for First State Bank’s Decatur location, which serves all of Wise County; Tammy Dudenhoeffer named vice president, accounting and financial reporting; … Read more