TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Henderson-based VeraBank continues to grow in Southeast Texas with the opening of a new branch in Conroe. The new full-service location will be VeraBank’s first in Montgomery County and third in Southeast Texas. The Conroe branch, located at 200 River Pointe Dr., Ste. 100, officially opened on August 8 and will host a grand opening … Read more
On July 26, Great Plains Bancshares Inc., along with its subsidiary, Elk City, Oklahoma-based Great Plains National Bank, announced that it has entered into a definitive agreement to acquire Providence Bancshares Corp. and its wholly owned subsidiary, Southlake-based Providence Bank of Texas SSB. The acquisition expands Great Plains Bancshares’ growing footprint in the Dallas/Fort Worth … Read more
On July 1, the San Angelo Standard-Times reported that Fort Worth-based Pinnacle Bank, a subsidiary of Omaha, Nebraska-based Pinnacle Bancorp Inc., has agreed to acquire San Antonio-based Crockett National Bank. Completion of the transaction is expected in the second half of 2022. Following completion of the deal, Crockett National Bank’s locations will become part of Pinnacle … Read more
On August 3, Killeen-based First National Bank Texas (FNBT) and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation. FNBT and FHLB Dallas provided the funding from FHLB Dallas’ Homebuyer Equity Leverage Partnership (HELP) program in 2022 to help 12 income-qualified, first-time … Read more
Durant, Oklahoma-based First United Bank has been awarded the prestigious Sustainability Leadership Design Award from CoreNet Global–North Texas for its banking office on Taylor Street in Sherman. CoreNet Global is a leading professional association for corporate real estate and workplace executives, service providers, and economic developers. The Sustainability Leadership Design Award celebrates work that accelerates … Read more
Killeen-based Fort Hood National Bank is changing its name to First Heroes National Bank, effective September 1. The bank explained the change “as part of our ongoing dedication to serving soldiers and their families worldwide” on its website, adding that, “for over 55 years, our mission has been ‘Serving Those Who Serve.’” Retired Army Col. … Read more
The Independent Bankers Association of Texas (IBAT)—the largest state community banking association in the nation—has announced this year’s recipients of the organization’s Best of Community Banking (BOCB) Awards. The winners in the top categories will be honored on September 26 during the association’s 48th Annual Convention in Fort Worth. IBAT has celebrated the outstanding accomplishments … Read more
On August 18, Lubbock-based Western Bank held groundbreaking ceremonies for its new banking center to be located at 117th and Slide Rd. in South Lubbock. Complimentary breakfast burritos and refreshments were served. “We are blessed and honored to continue our growth in the Lubbock market with this, our third Lubbock location,” says Dan Odom, president … Read more
Wallis-based Wallis Bank recently opened a loan production office in the Phoenix, Arizona, metro area. This is the bank’s first location in Arizona. “We have an excellent regional president, Ketan Patel, who has been in the banking industry for more than 20 years,” says Asif Dakri, CEO. “We see Phoenix as a vibrant, fast-paced, growing … Read more
Join Unifimoney co-founder and CEO Ben Soppitt and Chief Investment Officer Max Osbon for an upcoming webinar to learn how your financial institution can beat standalone neobanks, investment apps and big banks. Ben and Max will address a number of solutions for community bankers during the free webinar at 1 p.m. (Central) on August 31. … Read more