TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 30, Vista Bancshares Inc., the holding company for Dallas-based Vista Bank, announced that it has entered into a definitive agreement to acquire Charis Holdings Inc. and its subsidiary, Justin-based Charis Bank. The transaction will expand Vista Bank’s footprint and lending ability. With the acquisition, Vista will acquire Charis Bank’s North Texas locations and … Read more
Bankers Helping Bankers, an online platform that promotes innovation among community banks, has named Discover Financial Services’ PULSE debit network its exclusive debit partner. The agreement builds upon PULSE’s longstanding support of community banks and the Independent Bankers Association of Texas (IBAT), which co-founded Bankers Helping Bankers in partnership with FedFis. As the exclusive debit … Read more
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