TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Louise-based Louise Bancshares Inc. and its wholly owned subsidiary, The First State Bank, and Dilley-based Dilley State Bank announced on September 1 that they have entered into an agreement whereby Louise Bancshares Inc. would acquire Dilley State Bank. Upon closing of the transaction, expected in the fourth quarter of 2020, Dilley State Bank will become … Read more
El Campo-based Prosperity Bank, the City of Lubbock and Lubbock ISD are partnering for the 18th-annual American Tribute Flag Field. The flags are flying from September 11 to September 18 at Kastman Park, located at Lynnhaven Dr. and South Loop 289 in Lubbock. The flag field tribute serves as a remembrance of the lives lost … Read more
On August 31, Texas Banking Commissioner Charles G. Cooper announced that Trenton-based CapTex Bank National Association has completed its conversion to a Texas state-chartered bank from a national banking association. The bank began operating as CapTex Bank under its new charter effective August 31. The bank, a wholly owned subsidiary of CapTex Bancshares Inc., was originally chartered in 1901 … Read more
Dallas-based Hilltop Holdings Inc. recently launched its newly redesigned corporate website, featuring a streamlined design, improved functionality and easy access to essential information for investors, customers and others seeking to learn more about the financial holding company. The new site brings together information about the entire Hilltop family of companies, which includes PlainsCapital Bank, the … Read more
The Woodlands-based Woodforest National Bank opened two new locations in Alabama on August 28. The new branches—located in Foley and Birmingham—offer a range of banking services for consumer and business customers. “We are always happy to invest in our communities and appreciate that our customers continue to support us by making Woodforest their bank of … Read more
Dallas-based Texas Capital Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have provided a $750,000 Affordable Housing Program (AHP) grant to expand the capacity of the Presbyterian Night Shelter homeless men’s long-term program from 240 to 280. The shelter, which opened in 1984, is located just east of downtown Fort Worth. It … Read more
To celebrate its 100th anniversary this year, Moulton-based SouthStar Bank hosted a bank-wide Birthday Book Drive that culminated on September 7. Each branch partnered with local schools to help add new books to their libraries this fall. On August 28, the bank held its first book distribution at Norman-Sims Elementary in Austin. School supplies collected … Read more
An article published recently in Texas Tech Today addresses the tremendous need for community banking and notes the recent high volume of Paycheck Protection Program loans that were processed by community banks as one example of the importance of these financial institutions. The September 2 article by Glenys Young, titled “Researchers Warn Community Banks Are … Read more
An impressive number of community banks were included in the recently published 2020 list of the “100 Best Companies to Work for in Texas,” an annual recognition program developed by Texas Monthly magazine, the Texas Association of Business, Texas Society for Human Resource Management and Best Companies Group. Among the companies recognized in the small-sized-employer … Read more
Arlington-based BancAffiliated Inc., the sole shareholder of Affiliated Bank National Association, and Odessa-based Odessa SouthWest Bancshares Inc., the sole shareholder of SouthWest Bank, have mutually agreed to terminate their merger agreement, previously announced last December. The termination is in response to the extreme uncertainty resulting from the global health crisis caused by the COVID-19 pandemic and … Read more