TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
During the last week of February, a large group of Texas community bankers made their voices heard in Washington, D.C. More than 140 members of the Independent Bankers Association of Texas (IBAT) and other representatives of the state’s community banking industry visited influential lawmakers and their staffs on Capitol Hill. The message of community bankers … Read more
The Cecil family is celebrating a centennial milestone, marking the 100th year of their leadership and family legacy at Paris-based The Liberty National Bank. In 1925, Jim Cecil, a prominent banker from Valliant, Oklahoma, moved to Paris, Texas, at the urging of his physician, Dr. L.P. McCuistion. McCuistion’s brother, Ed McCuistion, was the president of … Read more
On February 19, Henderson-based VeraBank announced that it will be opening a new location in Brenham this summer. The new full-service branch, located at 2690 Becker Dr., will be VeraBank’s first in Washington County and fourth in Southeast Texas. “We’re eager to expand our reach and plant roots in Brenham,” says Brad Tidwell, CEO. “We … Read more
Henderson-based VeraBank has been named “2024 Member of the Year” by the Hutto Area Chamber of Commerce. The annual awards program recognizes organizational strength and its impact on key community priorities. “This recognition highlights VeraBank’s commitment to supporting local businesses, cultivating economic development and investing back in the communities we proudly serve,” says Paul Gerling, … Read more
On February 20, Rio Financial Services Inc., the parent company of McAllen-based Rio Bank, and San Antonio-based Lone Star Capital Bank NA jointly announced the signing of a definitive agreement providing for the merger of Lone Star Capital Bank with and into Rio Bank. Upon the consummation of the merger, Lone Star Capital Bank will … Read more
On February 21, William E. Browning, chairman of Yoakum National BancShares Inc., the holding company of Yoakum National Bank, and Jim Smitherman, CEO of Yoakum National Bank, announced that a definitive agreement has been executed in which Yoakum National BancShares Inc., has agreed to acquire 100 percent of the issued and outstanding shares of common … Read more
On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock. Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will … Read more
On February 1, Harlingen-based Texas Regional Bank announced that it is continuing its commitment to Blanco County’s youth, contributing an additional $12,900 this year to support student agricultural projects at the Blanco County Stock Show. Since 2019, the bank has provided more than $173,000 to support local students, funding initiatives ranging from leadership camps to … Read more
On February 10, Galveston-based Moody Bank opened its newest banking center in Austin, celebrated with a ribbon-cutting ceremony and hosted by the Austin Chamber of Commerce. The new location at 7900 Shoal Creek Blvd. expands Moody Bank’s presence to 14 branches across south and central Texas. “With our move to a more accessible location in … Read more
On January 30, Bank of Texas celebrated the opening of its new branch in The Woodlands with a ribbon-cutting ceremony and a $10,000 donation to the Montgomery County Food Bank. The new branch at 24 Waterway Ave. occupies the ground floor of the 13-story building in the heart of The Woodlands Waterway. It is a … Read more