TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
By Kristiana Rodriguez, CIP Ascensus When an IRA owner dies, the assets are distributed to beneficiaries, whether named by the IRA owner or determined by IRA document defaults. This can sometimes be a complicated process for financial organizations. And further complications may arise when the original beneficiary dies, leaving the inherited IRA to a successor … Read more
In early July, catastrophic flash flooding swept through Central Texas, especially in the Hill Country, overwhelming rivers like the Guadalupe and devastating communities across Kerr, Comfort and Midland counties. Amid widespread destruction and an urgent need for relief, Texas’s community banks stepped up, demonstrating their longtime role as both local economic stewards and frontline responders … Read more
By ASCENSUS The SECURE Act—officially known as the Setting Every Community Up for Retirement Enhancement Act of 2019—made significant changes to IRA and retirement plan rules, including to the beneficiary payout options. One of the most noteworthy changes involves the 10-year rule, which requires a total distribution of inherited assets by December 31 of the … Read more
On January 3, the Texas Bankers Hall of Fame announced its 2025 inductees who will be honored at the 12th Annual Texas Bankers Hall of Fame Gala, May 1 on the campus of Sam Houston State University in Huntsville. Five iconic bankers—Sam H. Burris Jr., Charles G. Cooper, Harvey P. Hartenstine, Robert W. “Bobby” Hoxworth … Read more
By DR. SEAN PAYANT, CHIEF STRATEGY OFFICER, HABERFELD In our ever-changing industry, many community bankers fall into the trap of trying to grow market share by following the lead of the “big banks.” Many of them are finding it just doesn’t work. Customers continue to flee from banks that focus on regular service charges and … Read more
By Craig Brown, Clint Irvin, Jeff Ulmer and Adam Wells Huron The breadth and depth of risks in the finance sector extend far beyond the realms of capital and liquidity. Credit, reputational, strategic, operational, compliance, information security, cybersecurity, third-party and business-continuity risks all fall under this expansive umbrella. Preemptive management of these risks is not … Read more
MIKE MAULDIN, F. Scott Dueser Chair in Excellence in Banking, Rawls College of Business at Texas Tech University ARTHUR M. TRAN, John Massey School of Business at Southeastern Oklahoma State University DREW B. WINTERS, Lucille and Raymond Pickering Chair in Finance, Rawls College of Business at Texas Tech University The Dodd-Frank Wall Street Reform and … Read more
By ACHIM GRIESEL and DR. SEAN PAYANT In the digital age, financial institutions find themselves sitting on a goldmine of data—a treasure trove with the potential to revolutionize the way they operate. From understanding consumer spending habits to predicting financial needs, institutions want to leverage that data to drive success in an ever-evolving industry. Before … Read more
By Allison Maddock, CSI To find out how bankers will confront challenges associated with a changing technology landscape, artificial intelligence, cybersecurity, financial crimes and more, Kentucky-based CSI, a leader in the fintech and regtech industries, surveyed banking executives from across the nation about their strategies and priorities for 2024. The survey results spotlight the challenges … Read more
On January 3, the Texas Bankers Hall of Fame announced its 2024 inductees who will be honored at the 11th Annual Texas Bankers Hall of Fame Gala, April 25 on the campus of Sam Houston State University in Huntsville. Five iconic bankers—James E. Baine, the late Harlan R. Heitkamp, Carmen Jordan, Vidal H. Ramirez and … Read more