TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 19, The State National Bank of Groom and its parent holding company, Groom Bancshares Inc., announced an acquisition agreement with 5th Generation Holdings Inc., a community-bank-focused entity formed for purposes of the transaction. As a result of the acquisition, 5th Generation Holdings will become a bank holding company for The State National Bank … Read more
On December 15, Denver, Colorado-based Sunflower Bank NA and its home loan division, Guardian Mortgage, announced the opening of a new home loan production office located at 1005 W. Jefferson Blvd./Winnetka Place in Dallas. The new location reflects the bank’s strategic focus on providing more home loan and banking services to customers in the Dallas/Fort … Read more
On January 4, IT managed service provider Integris announced that it has purchased San Angelo-based CalTech, a community-banking-focused IT managed service provider with offices in Texas and Kansas. This marks Integris’ third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than … Read more
Following last summer’s merger of Houston-based CommunityBank of Texas NA and Houston-based Allegiance Bank, the resulting Stellar Bancorp Inc. recently unveiled a logo for the new bank, Stellar Bank, which is expected to open for business in February. According to a press release issued to announce the transaction, the new bank is expected to have … Read more
Hammond, Louisiana-based First Guaranty Bank, a wholly owned subsidiary of First Guaranty Bancshares Inc. announced a definitive agreement to purchase Houston-based Lone Star Bank in an all-stock transaction. The combined financial institutions will have approximately $3.2 billion in total assets, $2.5 billion in total loans and $2.8 billion in total deposits. Established in 2006, Lone … Read more
On December 5, Harlingen-based Texas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto and life insurance, as well as commercial insurance. The new TRB Insurance division was created with the acquisition of Mission Duncan Insurance … Read more
Abilene-based First Financial Bank NA recently opened its 79th branch, a 3,300-square foot location in Lumberton. The addition extends the bank’s Southeast Texas region’s reach further north into Hardin County. The region also has locations in Orange, Vidor, Mauriceville, Newton, Port Arthur and Beaumont. First Financial Bank expanded its footprint into Southeast Texas in 2013, … Read more
In mid-December, the Austin American-Statesman, in tandem with Top Workplaces, unveiled its 2022 list of the “Greater Austin Top Workplaces,” and two Texas-based banks were included: Elgin-based Frontier Bank of Texas San Antonio-based Broadway Bank. The Statesman recognized 127 companies and organizations in greater Austin on its 2022 list. “This bank was founded on a culture … Read more
McGregor-based TFNB Your Bank for Life is moving from the East Waco location it has temporarily occupied at 715 Elm Ave. into the newly renovated Gladstone Knight building across the street at 700 Elm Ave. This will be the permanent location for TFNB Your Bank for Life’s East Waco location. “The historic Gladstone Knight building … Read more
On December 8, Dallas-based Comerica Bank revealed plans for Comerica BusinessHQ, a collaborative space that will provide integral services and value to small businesses in the Southern sector of Dallas. The bank is transforming idle real estate on the first floor of its R.L. Thornton location into a unique community resource that provides high-need, high-opportunity … Read more