TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 24, Jeff Austin III, chairman of the board of Jacksonville-based Austin Bank, announced that Austin Bancorp Inc., the parent company of Austin Bank, has received regulatory approval for the company’s acquisition of Chasewood Bank, based in Houston. The acquisition date of February 14, 2025, will create combined assets of $2.9 billion with 40 … Read more
The Texas Department of Banking has received its seventh consecutive banking supervision accreditation from the Conference of State Bank Supervisors (CSBS). The department also earned its money services businesses (MSB) accreditation for the second time. These designations verify that the department maintains the highest standards and practices in state banking supervision set by the CSBS … Read more
The vacant building at the bustling intersection of Broadway and Hildebrand in San Antonio is getting new life. After a complete remodel, the site re-opened on January 24 as the first San Antonio branch of Bank of Texas. The 2,500-square-foot space will serve general banking, business and mortgage clients. The bank worked with local company … Read more
Dallas-based Comerica Bank will host its 10th annual North Texas Prom Dress Drive during the month of February at seven participating banking centers in the Dallas area. Donations will benefit local teens served by Boys & Girls Clubs of Collin County, Dallas CASA and Boys & Girls Clubs of Greater Dallas, who otherwise may not … Read more
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