TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
On December 7, Dallas-based Texas Capital Bancshares Inc., the parent company of Texas Capital Bank, announced the creation of the Texas Capital Bank Foundation, a nonprofit entity that will expand and elevate the bank’s philanthropic giving. “Texas Capital Bank takes a holistic approach to serving our communities through strategic philanthropy and engagement,” says Rob C. … Read more
On December 6, Dr. Charlie McCormick, president of Schreiner University in Kerrville, announced the launch of the university’s new banking program, created to help students navigate rural-focused banking needs in Texas. Schreiner University students will be admitted into the program by the end of their sophomore year. Upon acceptance, they will receive a scholarship for … Read more
San Antonio-based Frost Bank’s Central Plano and Northwest Dallas locations—the seventh and eighth of 28 new financial centers to open in the bank’s Dallas region expansion—are open for business. The Central Plano branch opened on November 14 and the Northwest Dallas branch opened on the morning of December 12. A 154-year-old bank with deep Texas … Read more