TEXAS BANKING NEWS, PEOPLE and IDEAS
Neil Ferguson 
CSB Bancshares Inc. and Burton Bancshares Inc. recently announced that an agreement for the merger of Burton-based Burton State Bank into Sommerville-based Citizens State Bank was signed in mid-August by the boards of both entities. The transaction is expected to close before the end of the year. Upon completion, Burton State Bank will become the … Read more
On August 20, Charles G. Cooper, commissioner of the Texas Department of Banking, announced the appointment of Wendy Rodriguez as the agency’s deputy commissioner. She will oversee all the operational and administrative functions of the department, including strategic initiatives. She will also assist Cooper with governmental interactions, including the Office of the Governor, Texas Legislature … Read more
William Elery (Bill) Howard Jr., 79 of Victoria passed away peacefully on August 12 from complications of a rare form of Parkinsonism called progressive supranuclear palsy. Services were held on August 18 at Holy Family Catholic Church in Victoria. Howard served for many years as president and chief executive officer of Cuero-based TrustTexas Bank; after … Read more
Every banker has read the sensational headlines of massive funding rounds at almost unfathomable valuations for almost any company with a fintech moniker. They also know the narrative; bankers are greedy and dumb, credit unions are slow and can’t innovate, and morally superior (here again) fintechs are here to disrupt the trillion-dollar financial services industry, … Read more
The board of directors of The First National Bank of Sterling City has named Scot Long president and CEO. He replaces Roger D. Williams, who has held the office of president and CEO for the past 37 years. Williams will become an employee of the bank holding company, Sterling City Banc Shares Inc., and remain … Read more
Branches The OCC reports that it has approved an application by Texas National Bank of Jacksonville, based in Jacksonville, to establish a branch at 704 S. John Reddit Dr. in Lufkin. The OCC reports that Inwood National Bank, based in Dallas, has relocated a branch from 1551 S. Buckner Blvd. in Dallas to 1605 S. … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by First United Bank, based in Dimmitt, to acquire First Bank and Trust of Childress, based in Childress. Home Office Relocation The TDB reports that State Bank of Texas has applied to relocate its home office from 11950 Webb Chapel Rd. in Dallas … Read more
Branches The OCC reports that it has approved an application by Bank of America National Association, based in Charlotte, North Carolina, to establish a branch at 2726 E. Berry St. in Fort Worth. The bank has also applied to establish a branch at 3814 E. 42nd St. in Odessa. The OCC reports that Lone Star … Read more
San Antonio-based Frost Bank announced on August 9 the appointment of a new San Antonio region president to succeed Marvin Rickabaugh, who will retire at the end of this year. Dan Geddes, the sales manager in Frost Bank’s Houston region commercial real estate group, has been appointed the new region president and will work with … Read more
Sam Nunn, a third-generation banker, has been promoted to president/chief financial officer at Amarillo-based Citizens Bank. Nunn, who has more than 12 years of community banking experience, joined Citizens Bank in 2011 as a senior vice president and most recently served as executive vice president/chief financial officer. Prior to that, he was a correspondent banker … Read more