TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On June 28, the board of directors of Plains Bancorp Inc., the parent company of Dimmitt-based First United Bank, announced that the company has entered into a definitive agreement with Childress Bancshares Inc., the parent company of First Bank and Trust of Childress, whereby First United Bank will acquire First Bank and Trust. Following the … Read more
Moulton-based SouthStar Bank announced an agreement to purchase a branch in Kerrville from Manhattan, Kansas-based Community First National Bank. Pending final approval, the sale is scheduled to close on August 27. After the purchase, SouthStar Bank plans to continue operations at the Kerrville branch and retain current staff to streamline the transition and maintain continuity. … Read more
Pittsburgh, Pennsylvania-based PNC Bank NA recently announced that Dillan Knudson has been named regional president/head of commercial banking in Austin. PNC Financial Services Group Inc., PNC Bank’s parent company, completed its acquisition of BBVA USA Bancshares Inc., the parent company of BBVA USA, on June 1. Knudson most recently served as Houston CEO for BBVA … Read more
Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced that it has signed a definitive agreement to acquire Roscoe-based Roscoe State Bank. These two family-owned companies with nearly 150 years in business will combine to create an organization holding approximately $2 billion in assets and more than $300 million in equity … Read more
Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more
Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Sunflower Bank NA, and Austin-based Pioneer Bancshares Inc., the holding company of Pioneer Bank SSB, jointly announced on May 11 that they have entered into a definitive agreement pursuant to which Pioneer Bancshares and Pioneer Bank will merge with and into FirstSun Capital Bancorp and Sunflower … Read more
On April 12, Tupelo, Mississippi-based BancorpSouth Bank and Houston-based Cadence Bancorporation, the parent company of Cadence Bank NA, jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern … Read more
Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that on January 8 it completed the previously announced sale of its Jacksboro location to Graham-based First State Bank. Under the terms of the transaction, the bank sold loans of approximately $3.5 million, deposits of approximately $5.7 million and the real … Read more
Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more
On November 30, longtime West Texas banker John E. Grist acquired a controlling interest in Snyder-based West Texas State Bank, according to the Odessa American. Grist assumed the positions of chairman and chief executive officer. Mark Williamson will remain as president and continue to serve on the board, while Darryl Calley will continue to serve as executive vice … Read more