Dallas-based Susser Bank will more than double its space by moving its headquarters from the Crescent in Uptown Dallas to another iconic Dallas location to accommodate growth, according to a recent article in the Dallas Business Journal. The bank also plans to expand into new Texas markets, including its first branch in Collin County. Both moves come on the heels of a $40 million capital raise earlier this year and signify continued momentum for the bank.
According to the Journal, Susser will move its headquarters from roughly 6,500 square feet to more than 14,000 square feet in Old Parkland East, a new addition by developer Crow Holdings to the office campus known for Jeffersonian architecture and a roster of deep-pocketed finance tenants.
“We’ve added bankers and…staff to our back office on the credit analyst side and the portfolio management team and just needed more space,” Carl Cravens, executive vice president/chief lending officer, told the Journal. Cravens says the bank will have space for approximately 40 people in the new office.
Susser Bank has been headquartered in the Crescent in Dallas since 2021, after previously being located in Bedford. The Susser family acquired a majority stake in BancAffiliated Inc. in 2018 and converted the bank from a national bank to a state-chartered bank in 2020, followed by the name change and headquarters move to Dallas.
Cravens told the Journal that the bank’s lease at the Crescent was coming up for renewal and bank leaders had to make a decision about whether to add space there or look at other options. Old Parkland made sense because CEO and Chair Sam Susser’s personal office is already located there and it offers a good central location.
In addition to the headquarters move, Susser Bank also has plans to open a branch in Plano, its first in Collin County, according to the Journal. The bank currently operates nine branches in Dallas/Fort Worth, Houston, San Antonio and Round Rock. It also operates three loan production offices in Austin, Corpus Christi and Plano. The bank previously disclosed plans to convert the Austin loan production into full-service branch this year, and now it intends to follow suit in Plano, as well.
