On April 18, San Antonio-based Southwest Bancshares Inc., the bank holding company for Texas Partners Bank, announced plans to brand all locations of its regional bank subsidiary under the existing bank charter name, Texas Partners Bank. These banking locations will continue to reflect their respective names of The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank in the bank’s respective market areas and will update their branding to the Texas Partners Bank charter name by year-end 2024.
Texas Partner Bank member banks merged in 2020 when The Bank of Austin and Texas Hill Country Bank merged with and into The Bank of San Antonio. The name of the surviving bank’s charter was changed to Texas Partners Bank. Legacy banking locations will operate under the Texas Partners Bank name. The newest bank location in New Braunfels will be the first branded Texas Partners Bank, followed by the four financial centers in San Antonio, two in Austin, two in Kerrville and one each in Fredericksburg and Bandera.
“Texas Partners Bank is fueled by the steadfast power of partnerships,” says J. Bruce Bugg Jr., chairman and CEO of Southwest Bancshares Inc. and Texas Partners Bank. “Texas Partners Bank is true partnership in action, thanks to the confidence our shareholders, employees, and clients have in our long-term commitment to growth.”
Bugg assembled a small group of investors from San Antonio’s business and civic leadership in 2007 to charter The Bank of San Antonio with $25 million in initial capital and assets. He used the same approach to charter Texas Hill Country Bank in 2009 and The Bank of Austin in 2017. The three banks have common shareholders who are friends and civic and business leaders in San Antonio, Austin and the Texas Hill Country, according to Bugg.
“Since the initial charter was issued for The Bank of San Antonio, the bank has grown to more than $2 billion in assets in just 17 years,” Bugg notes.
Texas Partners Bank will maintain its existing management and local banking teams. Each relationship manager has an average of 28 years of banking experience.
