TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 16, Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Dallas-based Sunflower Bank NA, and Seattle, Washington-based HomeStreet Inc., the holding company of HomeStreet Bank, announced that they have entered into a definitive merger agreement under which HomeStreet Inc. and HomeStreet Bank will merge with and into FirstSun Capital Bancorp and Sunflower Bank, … Read more
Harlingen-based Texas Regional Bank recently announced its acquisition of Smith-Reagan Insurance, a leading provider of commercial insurance services based in Cameron County. The acquisition expands the bank’s insurance offerings and positions it to provide a broader range of commercial insurance solutions to businesses of all sizes. The acquisition is part of the Texas Regional Bank’s … Read more
On August 7, Texas State Bankshares Inc., the holding company for Harlingen-based Texas Regional Bank (TRB), announced that it has entered into a definitive agreement to acquire Dallas-based investment banking group Estrada Hinojosa & Co. Inc. The acquisition will add a team of 48 individuals—as well as offices in Dallas, Houston, San Antonio, Austin, Edinburg, … Read more
FSBH Inc. has agreed to acquire Farmers Bancshares Inc., the parent company of Center-based Farmers State Bank. Upon completion of the merger, management and the employees of the bank will remain in place and there will be no change in the business plan of the bank. The transaction is expected to close in the fourth … Read more
On April 17, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of First Bancshares of Texas Inc., the parent company of Midland-based FirstCapital Bank of Texas NA. The merger is expected to be effective as of May … Read more
On January 30, Vista Bancshares Inc., the holding company for Dallas-based Vista Bank, announced that it has entered into a definitive agreement to acquire Charis Holdings Inc. and its subsidiary, Justin-based Charis Bank. The transaction will expand Vista Bank’s footprint and lending ability. With the acquisition, Vista will acquire Charis Bank’s North Texas locations and … Read more
Omaha, Nebraska-based Pinnacle Bancorp Inc. and its subsidiary, Fort Worth-based Pinnacle Bank, have received regulatory approval for the acquisition of San Antonio-based Crockett National Bank. On December 1, Crockett National Bank changed its name to Pinnacle Bank. Its San Antonio, San Angelo, College Station, New Braunfels and Ozona branches will become part of Pinnacle Bank’s … Read more
On November 8, Corpus Christi-based American Bank announced that Byron Bexley has joined the team as vice chairman/San Antonio. In his role as market leader, he will oversee commercial banking activities in San Antonio. Bexley brings more than 40 years of banking experience, most recently serving as chairman and chief executive officer of TexStar National … Read more
On October 3, Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced the completion of its previously announced acquisition of and merger with Roscoe-based Roscoe State Bank. The merger results in the formation of Cornerstone Capital Bank, which will hold more than $380 million in regulatory capital and greater than $1.5 … Read more
In mid-October, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced the signing of two acquisition agreements. In one, Prosperity has agreed to acquire First Bancshares of Texas Inc. and its banking subsidiary, Midland-based FirstCapital Bank of Texas NA. The second agreement signed by Prosperity Bancshares indicates its intention to acquire Lone … Read more