TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On December 16, Home Bancorp Inc., the holding company of the 113-year-old Lafayette, Louisiana-based Home Bank NA, and Friendswood Capital Corp., the holding company of Houston-based Texan Bank NA, jointly announced the signing of a definitive agreement and plan of merger under which Home Bancorp will acquire Friendswood Capital Corp. in an all-cash transaction. The … Read more
On October 21, Baton Rouge, Louisiana-based Business First Bancshares Inc., the holding company for b1BANK, and Texas Citizens Bancorp Inc. jointly announced the signing of a definitive agreement under which Business First will acquire Texas Citizens and its wholly owned bank subsidiary, Pasadena-based Texas Citizens Bank NA. Following the completed transaction, the combined institution is … Read more
The Bank of Austin is scheduled to open its second financial center near downtown Austin. The Hartland Plaza location at 1717 W. 6th St., Ste. 110, will open during the fourth quarter of 2021. Near well-established neighborhoods, the new location is within five minutes of the city’s Tarrytown and Pemberton neighborhoods. It is also 10 … Read more
Plano-based Alkami Technology Inc., a leading cloud-based digital banking solutions provider for U.S. financial institutions, announced that the company has finalized its acquisition of San Diego, California-based MK Decisioning Systems LLC, also known as MK Decision, a technology platform and provider for digital account opening, credit card and loan origination solutions. With the acquisition, Alkami … Read more
Austin-based BAT Investments Inc. has acquired Carrizo Springs-based Capital Bank of Texas as part of an effort to expand and strengthen the role of community banks in the state. BAT Investments entered into an agreement to purchase Capital Bank of Texas on January 15, 2021, and the acquisition was finalized on September 28, 2021. The … Read more
On September 15, Conway, Arkansas-based Home BancShares Inc. (HOMB), the parent company of Centennial Bank, and Amarillo-based Happy Bancshares Inc., the parent company of Happy State Bank, jointly announced that they have entered into a definitive merger agreement pursuant to which Home BancShares will acquire Happy Bancshares in an all-stock merger, with Home BancShares as … Read more
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