TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
State financial regulators, joined by the Bankers’ Electronic Crimes Task Force and U.S. Secret Service, have issued a self-assessment tool to banks they supervise in an effort to help mitigate ransomware attacks. “Ransomware is a major threat to the financial services industry,” says Texas Banking Commissioner Charles G. Cooper, who leads the Bankers’ Electronic Crimes … Read more
HC3, a data-driven technology company based in Birmingham, Alabama, that delivers unique customer communications, has acquired Alabama-based Banc Statements Inc. (BSI), a company that specializes in printing and mailing demand-deposit and savings account statements for community banks. Beginning October 1, all work contracted through BSI will continue operation as HC3. HC3—in business for 58 years—helps … Read more
The Independent Bankers Association of Texas (IBAT) recently honored McGregor-based TFNB Your Bank for Life with Best of Community Banking (BOCB) Awards. The bank received both a Gold Eagle and the “Best of Show” award, which is the competition’s top honor, for its community service program, Charity Champions. TFNB created Charity Champions six years ago … Read more
On October 5, Addison-based Guaranty Bancshares Inc., the parent company of Guaranty Bank & Trust NA, announced it has relocated its main Denton location from 1100 Dallas Dr., Ste. 100, to 1200 West University Dr. Earlier this month, Guaranty Bank & Trust completed renovations of the new site, originally occupied by the former University State … Read more
McKinney-based Independent Financial ranks second in the Dallas Business Journal’s 2020 “Middle Market 50,” which recognizes the fastest-growing private and public midsize companies in North Texas. The publication defines middle-market companies as those with annual revenue between $10 million and $1 billion. It includes companies within a 12-county area around the Dallas/Fort Worth metroplex, an … Read more
The Independent Bankers Association of Texas (IBAT) planned its 2020 Annual Convention for September 26–29 in Fort Worth. Then came COVID and plans changed. Now, instead of gathering in Fort Worth, the show is being held virtually. Instead of a week in September, the event is now spread out through the end of the year. … Read more
Tyler-based Southside Bancshares Inc., the holding company of Southside Bank, rang the Nasdaq opening bell on Monday, September 28, in celebration of the bank’s 60th anniversary. Lee R. Gibson, president and CEO, presided over the virtual event and was joined by members of the company’s leadership team. Click here to view Southside Bancshares’ Nasdaq opening … Read more
On September 18, the Federal Deposit Insurance Corp. (FDIC) announced the launch of the agency’s first-ever Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. The topic for this inaugural challenge is “The Effects of Community Banks on Local Economic Development.” The FDIC’s Center for … Read more
In recent weeks, Federal Home Loan Bank of Dallas (FHLB Dallas) members in parts of Louisiana have been severely impacted by Hurricane Laura. FHLB Dallas recently announced $923,502 in grants available through its member institutions and another $75,000 donation to help with recovery efforts in Louisiana. “Hurricane Laura pummeled portions of Louisiana at a time … Read more
On September 8, the Independent Bankers Association of Texas (IBAT) announced the three winners of its coveted Five*Star Award: Fenimore, Kay, Harrison & Ford LLP (tier 1); CalTech (tier 2); and Fitech Payments (tier 3). Since 2002, IBAT’s Five*Star Award has recognized associate members that routinely provide excellent service and innovative solutions to help community … Read more