TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Pasadena, California-based East West Bank, which operates 13 locations in the Texas/Southwest region, presented a $10,000 contribution to the Houston Food Bank on April 12 to support local organizations that are aiding communities disproportionately impacted by the severe weather crisis that hit Texas in mid-February. As families grapple with both the health and economic impacts … Read more
Amarillo-based FirstBank Southwest has announced its new loan and deposit production office in Fort Worth. Matt Murray and Scott Whitaker will both serve as vice president/commercial banker for the new Fort Worth marketplace. Prior to joining FirstBank Southwest, Murray and Whitaker managed an extensive customer portfolio for which they maintained primary oversight of all goals, lending and … Read more
When a bank launches a green initiative, sustainability may not be the first thing that comes to mind, but Elgin-based Frontier Bank of Texas is changing that perception on several fronts. From the installation of solar energy panels to the financing of commercial conservation efforts, Frontier Bank is breaking new ground by identifying and acting … Read more
Jenks, Oklahoma-based Gateway Mortgage, a division of Gateway First Bank, announced that it has opened a new mortgage center in West Texas to meet increased demand from local communities for home financing. The new mortgage center in Odessa will serve all the surrounding areas and suburbs. Gateway has more than 50 locations in Texas and … Read more
On April 5, Plano-based Alkami Technology Inc., a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced the launch of its initial public offering of 6 million shares of its common stock. The Alkami Platform is the digital banking platform of choice for 151 financial institutions, representing nearly 9.7 million of its clients’ … Read more
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