TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 25, Austin FC, the 27th club in Major League Soccer (MLS), announced that it has entered into a multiyear stadium-naming-rights partnership with Q2 Holdings Inc., an Austin-based provider of digital transformation solutions for banking and lending, for its state-of-the-art, $260-million stadium. Austin FC’s 20,500-plus seat Q2 Stadium will become one of 20 soccer-specific stadia … Read more
Houston-based Central Bank’s newest branch is open for business. The bank’s Lower Heights location opened its doors to the public on January 11 at 2799 Katy Frwy., Ste. 150. It replaces the company’s Midtown branch, which closed on January 8. Housed in the Lower Heights District multi-use development, the full-service branch offers business and personal … Read more
On January 19, Independent Financial, a financial services company with 93 locations across Texas and Colorado, announced that construction has begun on phase two of the company’s headquarters in McKinney. The companies making the announcement also included the City of McKinney, McKinney Economic Development Corp. and KDC, a corporate build-to-suit development and investment firm. The … Read more
Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that on January 8 it completed the previously announced sale of its Jacksboro location to Graham-based First State Bank. Under the terms of the transaction, the bank sold loans of approximately $3.5 million, deposits of approximately $5.7 million and the real … Read more
Magnolia, Arkansas-based Farmers Bank & Trust has opened its first full-service branch in Paris. Located at 1375 NE Loop 286, the bank purchased and remodeled the former TEXAR Federal Credit Union building. The new branch will provide full teller, accounts and loan services, a drive-thru and notary. In addition, there will be a MyFarmers iTeller … Read more
Baton Rouge, Louisiana-based B1 Bank is opening a new branch in Frisco’s Hall Park, the city’s largest office development. According to The Dallas Morning News, the financial firm is leasing more than 6,600 square feet of offices at 3010 Gaylord Parkway. The new office is set to open early in the new year. B1 Bank already has … Read more
Lubbock-based Peoples Bancorp Inc. and its wholly owned subsidiary, Peoples Bank, announced the signing of a definitive agreement on December 30 to acquire Seymour-based Baylor Bancshares Inc. and its subsidiaries, First Bank & Trust and Baylor Mortgage Co. Inc. The acquisition is expected to close in the second quarter of 2021. As of September 30, … Read more
In mid-December, the Federal Deposit Insurance Corp. (FDIC) released the 2020 Community Banking Study, a new large-scale study on the state of the nation’s community banks. The study finds community banks played a critical role in providing access to credit in several key areas of the U.S. economy, particularly through lending to support commercial real … Read more
San Antonio-based Lone Star Capital Bank NA has entered into a purchase-and-assumption agreement for substantially all of the assets, deposits and certain other liabilities of Austin-based Business Bank of Texas NA. The acquisition is expected to be completed early in the second quarter of 2021. Established in 2007, Business Bank of Texas has total assets of … Read more
Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more