TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The TDB reports that it has approved applications by First Liberty Bank, based in Liberty, to acquire Pearland State Bank, based in Pearland, and First National Bank of Alvin, based in Alvin. Branches The OCC reports that it has approved an application by VeraBank NA, based in Henderson, to establish a branch … 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
O n December 1, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced that, in partnership with its member financial institutions, it has awarded $19.3 million in Affordable Housing Program (AHP) subsidies to 38 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The subsidies will result in the creation or rehabilitation of 2,749 … Read more