TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Lubbock-based Peoples Bancorp Inc. and its wholly owned subsidiary, Peoples Bank, announced the signing of a definitive agreement on December 30 to acquire Seymour-based Baylor Bancshares Inc. and its subsidiaries, First Bank & Trust and Baylor Mortgage Co. Inc. The acquisition is expected to close in the second quarter of 2021. As of September 30, … Read more
Jerome J. “Buddy” Lednicky Jr., former chairman of State National Bank, passed away on January 1 at his residence in West. He was 84. After earning his bachelor’s degree from Texas A&M University and serving in the U.S. Army and Army Reserves, Lednicky launched his banking career, which culminated with his roles as chairman and … Read more
Addison-based Liberty Capital Bank has announced the appointment of Alan Morris as chief executive officer and Amy Pickard as chief financial officer. These leadership changes follow the retirements of former CEO Ben Cunningham and former CFO David Sprinkle from the company. “Ben Cunningham’s influence as the CEO of Liberty Capital Bank cannot be understated,” says … Read more
In mid-December, the Federal Deposit Insurance Corp. (FDIC) released the 2020 Community Banking Study, a new large-scale study on the state of the nation’s community banks. The study finds community banks played a critical role in providing access to credit in several key areas of the U.S. economy, particularly through lending to support commercial real … Read more
Cory Newsom, president and CEO of Lubbock-based City Bank, recently announced that Joseph “Jody” W. Mullings has been hired to serve as the bank’s market president in El Paso. Mullings is responsible for regional community outreach, as well as bank growth in commercial lending, deposits, treasury management and related financial services. Mullings, a third-generation El … Read more
Mergers and Acquisitions The TDB reports that Happy State Bank, based in Amarillo, has applied to acquire Muleshoe Bancshares Inc., based in Muleshoe, as well as First Bank of Muleshoe, based in Muleshoe. Conversions The TDB reports that Beal Bank SSB, based in Plano, has converted from a state savings bank to a Texas state-chartered bank under the … Read more
Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has relocated a branch from 2801 Kirby Dr. in Houston to 2930 Kirby Dr. in Houston. The OCC reports that it has approved an application by Guaranty Bank & Trust National Association, based in Mt. Pleasant, to relocate a branch from 1213 Ranch Rd. 620 S in Lakeway … Read more
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