TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The OCC and TDB report that SouthState Bank NA, based in Winter Haven, Florida, has completed its acquisition of Independent Bank, dba Independent Financial, based in McKinney. The TDB reports that Columbus State Bank, based in Columbus, has completed its merger with Hill Bank & Trust Co., based in Weimar. Branches The … Read more
Branches The TDB reports that Wallis Bank, based in Wallis, has established a branch at 4805 E. Sam Houston Pkwy., Ste. 100, in Pasadena. The TDB reports that it has approved an application by Texas Bank, based in Henderson, to establish a branch at 7680 Preston Rd. in Frisco.
On January 2, Winter Haven, Florida-based SouthState Corp. announced the closing of its acquisition of Independent Bank Group Inc. through the merger of McKinney-based Independent Financial with and into SouthState. Immediately after the January 1 merger, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank NA. As a result of these transactions, … Read more
Branches The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established the following branches: 9324 Summer Creek Dr. in Fort Worth and 1055 Market Way Rd. in Argyle. The agency also reports that it has received applications by JPMorgan Chase Bank to establish the following branches: at the southeast corner of … Read more
Mergers and Acquisitions The OCC reports that it has approved an application by SouthState Bank NA, based in Winter Haven, Florida, to acquire Independent Bank, dba Independent Financial, based in McKinney. The TDB reports that it has approved an application by Powell State Bank, based in Powell, to be acquired by Producer Acquisition Corp. The … Read more
On December 12, executive officers of Beaumont-based Producer Bancorp announced their official status as a bank holding company with the closing of their acquisition of Powell-based Powell State Bank. According to Don Legato, president and CEO of Producer Bancorp, the plan is for the bank to continue to operate as usual in its current location … Read more
On November 8, Oklahoma City, Oklahoma-based MidFirst Bank announced the completion of its acquisition of the Houston banking locations of Coral Gables, Florida-based Amerant Bank NA, the main subsidiary of Amerant Bancorp Inc. Through the acquisition, MidFirst gained Amerant’s Houston client relationships and added six banking locations and 45 employees. “Houston is a highly desirable and … Read more
On October 17, Charles McGuire, chairman of First Liberty National Bancshares Inc., the holding company of Liberty-based First Liberty Bank, and Kelly Stretcher, president and CEO of First Liberty Bank, announced that a definitive agreement has been executed wherein First Liberty National Bancshares Inc., has agreed to acquire 100 percent of the issued and outstanding … Read more
On October 1, El Paso-based WestStar Bank and Chicago, Illinois-based Hub International Limited, a leading global insurance brokerage and financial services firm, jointly announced the sale of the assets of WestStar Insurance Agency Inc. to Hub. Located in El Paso, WestStar Insurance is a subsidiary of WestStar Bank. It has focused on business insurance, employee … Read more
On September 19, Liberty Capital Bancshares Inc., the holding company for Addison-based Liberty Capital Bank, announced its plans to merge with Southwestern Bancorp Inc., the holding company for Boerne-based Texas Heritage Bank. The merger is based upon long-standing respect and mentorship between Texas Heritage Bank principals Jack Griggs and Steve Mack and the co-founder of Liberty … Read more