TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
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
Ryan Morris, chief executive officer of Gainesville-based First State Bank, has been selected to fill a vacancy on the board of directors of the Texas Bankers Association (TBA). His term will expire May 31, 2022. Morris has more than 25 years of experience in the banking industry. After receiving his BBA degree in accounting and finance from the … Read more
Henderson-based VeraBank has hired Ryan Hamilton to serve as Longview market president. An experienced commercial banker and longtime Longview resident, Hamilton will focus on leading and growing VeraBank’s business in the area. He has been a community banker for more than 17 years and has spent most of his career in commercial lending, helping small and … Read more
Midland-based FirstCapital Bank of Texas has hired Jamie Pruitt as a mortgage loan originator at the bank’s Midland Plaza location. She attended the Texas Tech University School of Business, majoring in real estate and construction, and obtained her mortgage loan origination license through the state of Texas. Pruitt serves on the CASA of West Texas fundraising … Read more