TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
San Antonio-based Broadway Bank has announced the opening of a new loan production office (LPO) in Round Rock. The location will offer both business and personal loan products and services, including commercial loans, commercial real estate, business banking, private banking and mortgages. The new LPO is part of the bank’s aggressive plan for growth in … Read more
On April 12, Tupelo, Mississippi-based BancorpSouth Bank and Houston-based Cadence Bancorporation, the parent company of Cadence Bank NA, jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern … Read more
Amarillo-based FirstBank Southwest recently announced the start of construction for its new bank at 300 W. Kingsmill in Pampa. The 8,000-square-feet facility will include a full-service bank, six drive-through lanes, a 24-hour drive-up ATM and night-deposit drop. The bank plans to open in the spring of 2022. This April, FirstBank Southwest is temporarily relocating its drive-through, … Read more
Austin-based BAT Investments Inc. has reached an agreement to acquire Capital Bank of Texas, headquartered in Carrizo Springs. With branches in Carrizo Springs and Crystal City, as well as a loan production office in Austin, Capital Bank of Texas has assets of approximately $84 million. The bank was established in 2003. The acquisition is expected to … Read more
Irvine, California-based First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Bank and First Foundation Advisors, announced its expansion into Texas with the relocation of its principal executive office to Dallas. The move to Texas aligns with First Foundation Inc.’s strategic goals of expanding into major markets and with … Read more
The Texas Bankers Hall of Fame recently announced that its 2020 honorees will be inducted at the Eighth Annual Texas Bankers Hall of Fame Gala on April 22, 2021, on the campus of Sam Houston State University in Huntsville. Five prestigious bankers—the late James B. Bexley, Lloyd R. Ferguson, William David Lacy, Victor Pierson and Allan … Read more
S&P Global Market Intelligence released its annual rankings for 2020’s best-performing community banks with assets between $3 billion and $10 billion and community banks with assets less than $3 billion, as well as top-performing credit unions. “Despite going through a challenging year filled with economic uncertainty, we have seen community banks and credit unions play … Read more
Dallas-based State Bank of Texas announced on March 15 that it has finalized plans to build a new headquarters building in the Las Colinas Urban Center. Construction should commence by the end of 2021 and is expected to be completed in mid-2023. The project was announced by Chan Patel, CEO and board chair. The new headquarters … Read more
The Southwestern Graduate School of Banking (SWGSB) at Southern Methodist University will present its spring Workshop for Bank Directors in a virtual format via Zoom on the afternoons of March 17–19. This spring’s program, “An In-Depth Look at Mission-Critical Duties and Responsibilities,” will be led by the industry’s best and brightest and focus on what … Read more
On March 1, Texas Southern University (TSU) announced a $500,000 pledge of support for its Jesse H. Jones School of Business (JHJSB) from Atlanta, Georgia-based Cadence Bank. The three-year pledge will support the school’s new Future Bankers Leadership Program (FBLP), set to launch this fall. The new academic program gives students direct exposure to commercial banking. … Read more