TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On June 5, Houston-based USV Bancorp Inc. announced that it has entered the final phase of its capital raising efforts to establish the first Vietnamese/American minority-owned bank in Houston. USV Bancorp notes that this milestone marks the culmination of a vision more than 50 years in the making. Founded in 2023, USV Bancorp is a … Read more
Houston-based Amegy Bank is opening its newest banking center on the first floor of 300 Convent St. in downtown San Antonio. The branch opening precedes the bank’s Central Texas’ headquarters relocation to the 21st and 22nd floors of the same building. Spanning more than 44,000 square feet, the new office space increases the bank’s market … Read more
The Independent Bankers Association of Texas (IBAT) has announced this year’s recipients of its coveted Five*Star Award: Advantage Health Plans Trust (tier 1), IntraFi (tier 2) and SHAZAM (tier 3). These three IBAT associate members—based on company size—will be honored during the association’s 2025 IBAT Connecting Leaders Conference, June 26–28 at the Moody Gardens Hotel … Read more
This spring, Henderson-based VeraBank awarded 35 scholarships totaling $35,000 to local college-bound high school seniors through its annual Community Reinvestment Act (CRA) scholarship program. Since the inception of the program in 2005, the bank has awarded more than $252,000 in scholarships to 401 local high school students who have met the established criteria. To qualify, … 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 May 22, more than 128 golfers gathered at PGA Frisco’s Fields Ranch Golf Course for the 2025 Susser Bank Golf Classic, raising $225,800 in support of the University of Texas MD Anderson Cancer Center. All expenses for the event were fully underwritten by Arlington-based Susser Bank and the Susser family, ensuring that every dollar … Read more
The SW Graduate School of Banking at Southern Methodist University (SWGSB) will hold its 160th Assembly for Bank Directors September 4–7 at the Newport Harbor Island Resort in Newport, Rhode Island. SWGSB Assemblies for Bank Directors attract banking leaders from across the country to address the latest issues affecting the industry. From nationally known authorities … Read more
On May 22, Jacksonville-based Austin Bank and the Houston Northwest Chamber of Commerce held a ribbon-cutting ceremony to celebrate the opening of the bank’s two new full-service banking centers in Houston and Spring. The event was well attended by both chambers and business leaders, as well as the Austin Bank leadership team and employees. The … Read more
On May 19, San Antonio-based Frost Bank reached a milestone—its 200th financial center in Texas—when the bank’s Pflugerville branch opened for business. The bank will celebrate the new location on an upcoming date. A 157-year-old bank with deep Texas roots, Frost Bank has been expanding in its Austin, Dallas and Houston regions. Pflugerville is the … Read more
On May 5, Texas Southern University (TSU) in Houston announced a $200,000 gift from the Moody Foundation in support of the Future Bankers Leadership Program (FBLP) at the Jesse H. Jones School of Business. This contribution further strengthens the program’s mission to prepare students for careers in the financial services industry through academic training, mentorship … Read more