TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On December 11, J. Pat Hickman, chairman of Amarillo-based Happy State Bank, and Frederick B. Hegi Jr., chairman of Tahoka-based First National Bank of Tahoka (FNB), announced that Happy State Bank is acquiring First National Bank of Tahoka through a merger. FNB Tahoka holds approximately $56 million in total assets and has one location in … Read more
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to banks at a special virtual video presentation on December 3. The Cornerstone Award recognizes excellence in community involvement by Texas banks. The following banks were honored with the 2020 Cornerstone Award. … Read more
O n December 1, the Federal Deposit Insurance Corp. (FDIC) reported results from commercial banks and savings institutions that reflect improved profitability from the first and second quarters of this year, increased liquidity and strengthened capital levels. As a result, the banking industry remains well-positioned to accommodate loan demand and support the economy. For the … Read more
O n December 1, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced that, in partnership with its member financial institutions, it has awarded $19.3 million in Affordable Housing Program (AHP) subsidies to 38 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The subsidies will result in the creation or rehabilitation of 2,749 … Read more
The economy expanded at a modest pace in the Federal Reserve System’s 11th District in recent months, but activity in most industries remained below normal levels. That’s one of the key findings reported in the Fed’s latest edition of the Beige Book, published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic … Read more
On November 30, longtime West Texas banker John E. Grist acquired a controlling interest in Snyder-based West Texas State Bank, according to the Odessa American. Grist assumed the positions of chairman and chief executive officer. Mark Williamson will remain as president and continue to serve on the board, while Darryl Calley will continue to serve as executive vice … Read more
On December 2, Tupelo, Mississippi-based BancorpSouth Bank announced the signing of a definitive merger agreement with National United Bancshares Inc., the parent company of Gatesville-based National United, pursuant to which National United will be merged with and into BancorpSouth. The merger is anticipated to close during the first half of 2021. National United, established in 1889, … Read more
The Texas Bankers Foundation, the charitable arm of the Texas Bankers Association (TBA), has committed $100,000 over three years to the Future Bankers Leadership Program at the Jesse H. Jones School of Business at Texas Southern University (TSU), which will prepare students for careers in the field of banking. The all-new banking program will launch in … Read more
Houston-based Central Bank will soon have a home in the city’s Lower Heights District mixed-use development. The bank will open the doors for its newest full-service branch at 2799 Katy Frwy., Ste. 150, on January 11. The new location, which replaces the Midtown Houston branch at 2217 Milam St., will provide business and personal banking services in … Read more
Terrell-based American National Bank of Texas, one of the oldest independently owned banks in Texas, has made The Dallas Morning News’ “Top 100 Places to Work 2020” list in the large-company category. This is the 11th time the bank has achieved this significant recognition as a top employer in the Dallas/Fort Worth metroplex. In addition, … Read more