TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On November 21, Harlingen-based Texas Regional Bank hosted a grand opening event at its new Rio Grande City banking center, its 30th location in Texas and 14th in the Rio Grande Valley. The event featured a ceremonial ribbon-cutting led by Roy Garza of the Rio Grande City Greater Chamber of Commerce, with honored guests, including … Read more
On January 8, the First National Bank of Eldorado and Lubbock-based Western Bank announced the signing of a definitive agreement providing for the First National Bank of Eldorado’s acquisition of the Loraine branch of Western Bank. The transaction is targeted for completion by the end of the first quarter of 2025. “We are excited to … Read more
On January 7, Community Bank Holdings of Texas Inc., the holding company of Corsicana-based Community National Bank & Trust of Texas, and CapTex Bancshares Inc., the holding company of Trenton-based CapTex Bank, announced the signing of a definitive merger agreement pursuant to which Community Bank Holdings of Texas Inc. will acquire CapTex. The transaction is … Read more
On January 2, Winter Haven, Florida-based SouthState Corp. announced the closing of its acquisition of Independent Bank Group Inc. through the merger of McKinney-based Independent Financial with and into SouthState. Immediately after the January 1 merger, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank NA. As a result of these transactions, … Read more
On December 12, executive officers of Beaumont-based Producer Bancorp announced their official status as a bank holding company with the closing of their acquisition of Powell-based Powell State Bank. According to Don Legato, president and CEO of Producer Bancorp, the plan is for the bank to continue to operate as usual in its current location … Read more
Terrell-based American National Bank of Texas (ANBTX) celebrated its new loan production office in Fair Park with a grand opening ceremony on December 10. The LPO, located at 820 Exposition Ave., was first announced in June as part of ANBTX’s ongoing efforts to bring opportunities and investment to Southern Dallas County. The new location, which serves … Read more
On December 11, the UMB Charitable Foundation—a division of Kansas City, Missouri-based UMB Financial Corp. and its subsidiary bank, UMB Bank—announced a total donation of $2 million to nonprofit organizations within the corporation’s footprint, including Kansas City (seven), Denver (three), St. Louis (three), Omaha (one), Phoenix (three) and Dallas (three). This is the fourth consecutive … Read more
On December 3, Lubbock-based Peoples Bank participated in the national Giving Tuesday annual event by presenting donations to several local nonprofit organizations. The community service project was announced by Larry Allen, chair and CEO. The charities that received Peoples Bank donations included: Bounce Back Global CASA of Hill County Future of Nazareth High Point Village … Read more
In December, Laredo-based Texas Community Bank delivered a $3,500 donation to Affordable Homes of South Texas (AHST). This annual donation highlights the bank’s dedication to supporting nonprofits that address critical community needs, particularly housing and homeownership. “It feels really good to be welcomed by these organizations,” Connie Gonzalez, vice president and branch manager, told Texas … Read more
On December 12, Dallas-based Vista Bank announced a definitive agreement to sell seven rural locations—Abernathy, Hale Center, Haskell, Idalou, Petersburg, Plainview and Ralls—to Dimmitt-based First United Bank. The transaction is expected to close in the first quarter of 2025. Vista Bank will retain and expand its operational and retail presence in Lubbock. Established in 1912, … Read more