TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
What began in the 1950s as rumblings of a new bank in Houston’s Montrose district grew into an institution with true staying power. This year, that institution has reason to celebrate. Central Bank, Houston’s longest-serving independent bank, is marking its milestone 65th anniversary. L.E. Cowling, owner of Southern States Life Insurance, set the wheels in … Read more
Reports from the commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reflect aggregate net income of $76.8 billion in first quarter 2021, an increase of $58.3 billion (315.3 percent) from a year ago. Aggregate negative provision expense, reflecting improvements in the economy and asset quality, drove the increase in quarterly … Read more
Dallas-based Affiliated Bank NA has changed its name to Susser Bank to better reflect its ambitious growth strategy. Since 2018, the bank has operated under the ownership and direction of Susser Banc Holdings Corp., led by fifth-generation Texas entrepreneur Sam L. Susser. While the name change legally went into effect December 31, 2020, Susser Bank … Read more
Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Sunflower Bank NA, and Austin-based Pioneer Bancshares Inc., the holding company of Pioneer Bank SSB, jointly announced on May 11 that they have entered into a definitive agreement pursuant to which Pioneer Bancshares and Pioneer Bank will merge with and into FirstSun Capital Bancorp and Sunflower … Read more
Corsicana-based Community National Bank & Trust of Texas celebrated the addition of a full-service branch in Waxahachie with a grand opening event on May 11. The event commenced with a double ribbon cutting provided by the Waxahachie Chamber of Commerce and Red Oak Chamber of Commerce, both of which the bank holds membership. “The bank … Read more
In 1961, North Dallas Bank & Trust Co. opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers and seven employees. Today, the bank is celebrating 60 years in business with $1.5 billion in total assets, more than 160 employees and … Read more
On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more
On April 22, five legendary bankers were inducted into the Texas Bankers Hall of Fame during the Eighth Annual Texas Bankers Hall of Fame Gala on the campus of Sam Houston State University (SHSU) in Huntsville. These prestigious bankers—the late James B. Bexley, Lloyd R. Ferguson, William David Lacy, Victor Pierson and Allan James Rasmussen—were recognized … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
The Texas Bankers Association (TBA) has partnered with national nonprofit organization CareerWork$ to support the expansion of its signature free vocational training program, BankWork$, in Texas. The program, which currently operates classes at Dallas College, helps young adults from low-income communities build meaningful careers in banking through a free eight-week career training program, with placement assistance … Read more