TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Tupelo, Mississippi-based Cadence Bank recently expanded its community banking and commercial and industrial (C&I) presence in the Fort Worth market to accommodate its business growth efforts. For nearly a decade, Cadence Bank has established strong roots in the North Texas market. The new office is located near the Fort Worth Stockyards at 111 N.W. 24th St. … Read more
When criminal gangs and cartels unleashed a costly wave of “hook and chain” attacks on bank ATM machines, Texas State Representative Andrew Murr (R–Junction) took the lead in the Texas House to increase felony penalties for these crimes. The Texas Bankers Association (TBA) and Hill Country bankers hosted a luncheon in Kerrville on October 26 … Read more
On October 11, Texas Governor Greg Abbott announced that San Francisco, California-based Wells Fargo Bank NA will create a new campus in Irving. The project will create 650 new jobs and $455 million in capital investment. A Texas Enterprise Fund grant of $5,001,100 has been extended to Wells Fargo. “Texas has a long history of … Read more
On October 3, Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced the completion of its previously announced acquisition of and merger with Roscoe-based Roscoe State Bank. The merger results in the formation of Cornerstone Capital Bank, which will hold more than $380 million in regulatory capital and greater than $1.5 … Read more
Each year, the American Bankers Association (ABA) recognizes the nation’s best bank marketing initiatives during its ABA Bank Marketing Conference. This year’s Brand Slam awards honored elite bank marketing strategies that stood out among hundreds of nationwide entries from banks of all sizes. Durant, Oklahoma-based First United Bank, which has 40 branches in North and … Read more
As the Bankers Helping Bankers (BHB) network expands, community banks can now participate in BHB’s new Test Pilots program and be among the innovative bankers to test fintech products and services. These screened, early-stage fintech companies need the partnership of banks to establish their viability in providing stable solutions for the banking industry. “The BHB … Read more
In mid-October, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced the signing of two acquisition agreements. In one, Prosperity has agreed to acquire First Bancshares of Texas Inc. and its banking subsidiary, Midland-based FirstCapital Bank of Texas NA. The second agreement signed by Prosperity Bancshares indicates its intention to acquire Lone … Read more
On October 7, the Texas Bankers Association (TBA) and the Independent Bankers Association of Texas (IBAT) announced that more than $360,000 has been raised to support those directly impacted by the Robb School shooting in Uvalde on May 24. The joint effort, administered through the Texas Bankers Foundation, has concluded and has distributed all funds … Read more
On October 12, Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, announced new plans for its headquarters located in Dallas. The bank has executed a 15-year lease term with Union Investment Real Estate GmbH, owner of the building at 2000 McKinney Ave., and will rename the entire building to Texas Capital … Read more
Members of the Independent Bankers Association of Texas (IBAT) will return to Colorado for the 22nd Annual Winter Summit, January 29–31 at the Westin Riverfront Resort & Spa in Avon, at the base of Beaver Creek Mountain. The meeting provides a memorable opportunity for bankers to have face-to-face interaction and invaluable conversations with senior regulators … Read more