TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
The Independent Bankers Association of Texas (IBAT) recently honored Yennik Inc. with the IBAT President’s Award. R. Kinney Williams, Yennik president and founder, accepted this prestigious award on behalf of the company during the 2020 IBAT unCONVENTIONal (46th Annual Convention), which was presented virtually earlier this month. The IBAT President’s Award is given at the … Read more
With approval from the Texas Tech University System’s Board of Regents at its October 16 meeting, Texas Tech University’s Jerry S. Rawls College of Business has established the E.W. & J. David Williams Institute for Community Banking & Finance. Made possible by a generous gift from longtime Texas Tech supporter and community bank executive J. … Read more
An analysis of call report data from FDIC-insured banks finds that community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks hold nearly a third of all bank-held PPP loans, compared to holding only 15 percent of all bank loans, according to a … Read more
American Banker, along with Best Companies Group, recently cited 85 financial institutions across the U.S. as inductees on its 2020 “Best Banks to Work For” list. The recognition honors U.S. banks for outstanding employee satisfaction. It’s no surprise that a number of Texas-based community banks are included on the list. What’s interesting, though, is the … Read more
Abilene-based First Financial Bankshares has announced that its subsidiary, First Financial Bank NA, has been named to Newsweek magazine’s inaugural listing of “America’s Best Banks 2021.” Newsweek’s ranking recognizes the financial institutions that best serve their customers’ needs in each state. First Financial Bank was recognized as the No. 1 bank in Texas. The announcement … Read more
In a joint statement on October 29, J. Pat Hickman, chairman of Amarillo-based Happy State Bank, and Tommy Gunstream, chairman of Muleshoe-based Muleshoe Bancshares Inc., announced that Happy State Bank is acquiring Muleshoe Bancshares Inc. and its subsidiary, First Bank of Muleshoe, through a series of mergers. A Texas state bank, First Bank of Muleshoe … Read more
On October 20, Houston-based Agility Bank (in organization) announced that the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. have given conditional approval for its application to launch and operate a predominately digital community bank that is primarily owned and led by women. Agility Bank will begin raising $30 million in … Read more
On October 21, San Antonio-based Southwest Bancshares Inc., the bank holding company for The Bank of San Antonio, closed its merger of three affiliated banks, creating a unique Central Texas banking franchise. In connection with the closing of the transaction, Capitol of Texas Bancshares, the holding company for The Bank of Austin, and Texas Hill … Read more
SouthStar Bank celebrated a century in business on October 21 in Moulton, featuring live music and barbecue. “Starting from humble beginnings as The Farmers and Merchants Bank, we have grown not only in numbers, but also in talent, services and communities,” says David R. Kapavik, president and CEO. “SouthStar Bank has remained true to its … Read more