TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
When February’s ice storm caused unprecedented power outages throughout much of Texas, Yeneka Younger (pictured above) shivered in an unheated Dallas home for days. But that wasn’t the worst of it. The freezing temperatures caused pipes to burst in her kitchen resulting in extensive water damage to her cabinets and flooring. The Woodlands-based Woodforest National … Read more
This year marks Shepherd-based Peoples State Bank’s golden anniversary and the bank recently celebrated the occasion in grand style. Bank staff, Texas banking industry leaders and members of the community gathered on October 2 in Shepherd for an anniversary bash that included barbecue, door prizes, give-aways, a performance by the Kenny Martin Band and bounce … Read more
Pasadena, California-based East West Bank, which operates 13 locations in Texas and the Southwest, recently honored Houston’s first responders by contributing $10,000 to the Houston Police Foundation. The contribution was presented to Houston Police Foundation Executive Director Charlene Floyd, Houston Police Chief Troy Finner and Houston Assistant Police Chief Ban Tien at a public safety … Read more
On November 19, Pine Bluff, Arkansas-based Simmons First National Corp., the holding company for Pine Bluff, Arkansas-based Simmons Bank, and Conroe-based Spirit of Texas Bancshares Inc. announced the execution of a definitive merger agreement pursuant to which Simmons will acquire Spirit, and its wholly owned subsidiary, Spirit of Texas Bank SSB, in a transaction consisting … Read more
Weatherford-based Texas Bank Financial has entered into a merger agreement with its sister bank organization, Brownwood-based Texas Bank. Upon completion of the transaction, the combined banks will operate as TexasBank and have total assets of more than $1.3 billion with 15 branches and loan production offices throughout the Dallas/Fort Worth metroplex, Central Texas and West … Read more
On November 8, Houston-based Allegiance Bancshares Inc., the holding company of Allegiance Bank, and CBTX Inc., the parent company of CommunityBank of Texas NA, jointly announced that they have entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals to create a combined company with an equity … Read more
Midland-based Community National Bank was recently awarded Outstanding Philanthropic Company by the Association of Fundraising Professionals in Midland. The bank was nominated by Kay Crites, executive director of Big Brothers and Big Sisters of the Permian Basin, and recognizes the generous contributions made by Community National Bank to more than 70 nonprofit organizations within the … Read more
American Banker has released its 2021 list of the “Best Banks to Work For”—aka: “Best Banks to Keep Working For”—which includes 10 banks based in Texas among the 90 listed. Explaining the slight change in the title of this year’s list, American Banker notes that “good employees are hard to find—and keep. Competition for talent … Read more
Elgin-based Frontier Bank of Texas is helping stabilize housing expenses for moderate- and middle-income families in the Austin area. The Central Texas community bank is investing $1 million in the Residency Support Fund of the Austin Housing Conservancy (AHC), a group at the forefront of addressing Austin’s workforce affordability crisis. “We are fully committed to … Read more
Hondo-based banks Hondo National Bank and Community National Bank have applied with the Office of the Comptroller of the Currency to merge as TXN Bank National Association. As announced in August 2020, Texas Heritage Bancshares Inc, parent company of Hondo National Bank, and Medina Community Bancshares Inc., parent company of Community National Bank, consolidated into … Read more