TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Neil Ferguson 
Laredo-based IBC Bank is mourning the loss of banking veteran, community leader and founding president and CEO of IBC Bank-Brownsville, Fred W. Rusteberg, who passed away on July 19. He was 74. He retired in 2016, after more than four decades in the banking industry. He founded the first IBC Bank in Cameron County, the … Read more
On July 28, Farmers Branch-based TYME Bank withdrew its de novo application with the Federal Deposit Insurance Corp. due to economic uncertainty as COVID-19 cases started rising in the state, but the bank’s CEO says the company may resubmit its application as the economy improves, according to S&P Global Market Intelligence. “Things started getting better, … Read more
La Grange-based National Bank & Trust–Texas recently announced that Michael Corker has been elected chairman of the board. Corker has served as a director for National Bank & Trust since 2001. He and his wife Lisa have owned Hart Land Real Estate for more than 30 years. “Michael’s experience and commitment to La Grange and … Read more
The Leadership Division of the Independent Bankers Association of Texas (IBAT) elected new board members during its quarterly board meeting in June. Founded in 1985, the IBAT Leadership Division is dedicated to the development of tomorrow’s leaders in community banking. The board’s executive committee will be led by Chairman Peter Smith, Lubbock market president at … Read more
In July, C.K. Lee was appointed president and chief operating officer of Oklahoma City-based InterBank. He will oversee operations and become part of a five-member executive management team. Capital planning, as well as mergers and acquisitions, are also part of Lee’s new responsibilities. Since 2017, he has worked on at least eight whole bank and … Read more
Brady-based Texas Country Bancshares Chairman and CEO Joe Kim King recently announced that the Brady National Bank board of directors has elected Reed Williams president and CEO of Brady National Bank. Williams will also serve on the board of directors. He succeeds Terry Keltz who has served as president and CEO since 2004. Keltz has … Read more
Branches The TDB and the FRBD report that Texas Regional Bank, based in Harlingen, has applied to establish a branch at 3944 Ranch Rd. 620 S in Bee Cave. The TDB reports that Benchmark Bank, based in Plano, has applied to establish a branch at 2727 Exposition Blvd., Ste. 117, in Austin. The TDB reports … Read more
Charters The OCC reports that it has approved an application by Agility Bank National Association to establish a new bank charter at 2222 N. Shepherd in Houston. Branches The TDB reports that Allegiance Bank, based in Houston, has established a branch at 2929 Navigation Blvd., Ste. 100, in Houston. The TDB reports that Frost Bank, … Read more
Mergers and Acquisitions The OCC reports that First National Bank Texas, based in Killeen, has applied to acquire Fort Hood National Bank, based in Fort Hood. Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established the following branches: 8445 N. Belt Line Rd., Ste. 100, in Irving; and 2000 … Read more
This year marks the 120th anniversary of the founding of First National Bank of Gilmer and its commitment to the banking needs of East Texas communities. In honor of this milestone, on August 1 Danny Weems, president and CEO, announced that its system of banks—First National Bank of Gilmer, Wood County National Bank, Texas American … Read more