TEXAS BANKING NEWS, PEOPLE and IDEAS
Neil Ferguson Mergers and Acquisitions The OCC reports that Lone Star Capital Bank National Association, based in San Antonio, has applied to acquire Business Bank of Texas National Association, based in Austin. The TDB and the FRBD report that Peoples Bank, based in Lubbock, has applied to acquire First Bank & Trust, based in Seymour. Branches The … Read more
The Southwestern Graduate School of Banking (SWGSB) at Southern Methodist University will present its spring Workshop for Bank Directors in a virtual format via Zoom on the afternoons of March 17–19. This spring’s program, “An In-Depth Look at Mission-Critical Duties and Responsibilities,” will be led by the industry’s best and brightest and focus on what … Read more
Evangelina Cuellar Rangel, a teller at Castroville State Bank, passed away on February 15 in San Antonio. She was 69. Known by family, friends and coworkers as Angie, Rangel served as a bank teller for more than 30 years. According to her obituary, “She enjoyed seeing and talking to her customers every day. She had … Read more
Danbury, Connecticut-based Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, recently announced that it has hired Savita Ilango as chief financial officer. A financial industry veteran, she brings unique perspectives for helping Promontory MortgagePath continue both on its growth trajectory and toward achieving its mission of changing the way … Read more
The Federal Reserve Bank of Dallas has appointed four new members to its Community Depository Institutions Advisory Council. The council, composed of representatives from financial institutions of various sizes in the 11th District, is part of a Federal Reserve initiative to enhance communication with community bankers. The council provides senior Dallas Fed officials with grassroots information on … Read more
Frank Pecorino recently joined Denton-based AccessBank Texas as senior vice president/commercial lending. He brings more than 20 years of banking experience to the team. Pecorino joins AccessBank Texas from Pioneer Bank, where he served as the market leader for Dallas/Fort Worth for the past six years. Pecorino began his banking career in 1998 as a teller at … Read more
On March 1, Texas Southern University (TSU) announced a $500,000 pledge of support for its Jesse H. Jones School of Business (JHJSB) from Atlanta, Georgia-based Cadence Bank. The three-year pledge will support the school’s new Future Bankers Leadership Program (FBLP), set to launch this fall. The new academic program gives students direct exposure to commercial banking. … Read more
The directors of Fort Stockton-based The Pecos County State Bank recently announced four promotions: Bill McAnally has been promoted to executive vice president. With the bank since 2013, he also serves as an advisory director to the board and as the primary agricultural loan officer. McAnally and his wife Daila have lived in Fort Stockton … Read more
Oklahoma City, Oklahoma-based The Bankers Bank (TBB) has been selected to participate in a pilot program for the Federal Reserve’s upcoming instant payments offering, FedNow, which will provide an important payments infrastructure when it becomes available in 2023. The goal of FedNow is to develop an instant payments service that enables financial institutions of every size … Read more
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