TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Dallas-based American Bank is commemorating its two-year anniversary under new ownership with milestone moments, opening a second location in the Valley Ranch area of Irving, tripling its assets and introducing a new range of online services. Established in 1974, American Bank has served the metroplex for almost four decades with one location in North Dallas. NewcrestImage, … Read more
San Antonio-based Broadway Bank recently hired Melissa Garrett as executive vice president/chief audit executive. She is responsible for the internal audit function of Broadway Bank and acts as the chief business advisory and risk person in the company. Garrett will also have oversight for business ethics and coordinate regulatory and external examinations. “We are very excited … Read more
On March 2, Laredo-based IBC Bank announced the promotion of Ernesto Valdez, commercial portfolio manager, to bank officer. As a bank officer in the commercial lending department, he will be responsible for maintaining a client loan portfolio of more than 300 accounts, as well as obtaining new loans. He will also be one of the … Read more
Midland-based FirstCapital Bank of Texas recently announced the promotions of the following Midland employees: Rachel Duzan has been promoted to banking officer/assistant controller FirstBancshares of Texas. She has served with FirstCapital Bank of Texas since 2019. Originally from Pittsburgh, Pennsylvania, Duzan has a BS degree from Robert Morris University and an MBA degree from West Virginia University. … Read more
San Antonio-based Vantage Bank Texas and seven-time LPGA winner and major champion Angela Stanford are partnering to provide educational opportunities for children whose families have been impacted by cancer. Stanford formed The Angela Stanford Foundation in 2009 to provide scholarships for students whose families affected by the disease. The foundation currently supports 20 college students through … Read more
Rusty Hitt, CEO of Corsicana-based Community National Bank & Trust of Texas, has announced the promotion of 10 officers at the bank’s Corsicana, Burleson and Centerville locations. Steven Nutt was promoted to executive vice president and chief financial officer. He has been with the bank for seven years and holds a BBA degree from Harding … Read more
Jack Patton was recently promoted to senior vice president of commercial lending at Denton-based AccessBank Texas. Part of the AccessBank Texas team since 2015, he previously served as vice president of commercial lending. “Jack has shown the skill to be an excellent commercial banker and we are excited to have him as part of our … Read more
Wayne Fogle, a longtime Dallas banker, passed away at his home on February 23. He was 85. Fogle began his banking career at Midland National Bank after serving in the Finance Corp of the U.S. Army. In 1965, he moved to Dallas where he continued his banking career at Hampton State Bank, Trinity National Bank, … Read more
The 2021 release of the Paycheck Protection Program (PPP) is part of the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. The new release of the program arrived at the right time, as the health of small businesses had deteriorated toward the end of 2020. In this report, we first … Read more
Mergers and Acquisitions The OCC reports that The First National Bank of Weatherford, based in Weatherford, has completed its acquisition of First National Bank Baird, based in Baird. The TDB reports that Happy State Bank, based in Happy, has completed its acquisition of Muleshoe Bancshares Inc. and First Bank of Muleshoe, based in Muleshoe. Branches The OCC reports … Read more