TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Elgin-based Frontier Bank of Texas is helping stabilize housing expenses for moderate- and middle-income families in the Austin area. The Central Texas community bank is investing $1 million in the Residency Support Fund of the Austin Housing Conservancy (AHC), a group at the forefront of addressing Austin’s workforce affordability crisis. “We are fully committed to … Read more
Mergers and Acquisitions The OCC reports that The Hondo National Bank, based in Hondo, has applied to merge with Community National Bank, based in Hondo, with the resulting bank to be named TXN Bank National Association. Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has established a … Read more
Branches The TDB reports that The First State Bank, based in Abernathy, has established a branch at 100 E. Hamilton St. in Stamford. The TDB reports that it has approved an application by Grandview Bank, based in Grandview, to establish a branch at 2500 S.W. Wilshire Blvd. in Burleson. The TDB reports that Security State … Read more
On October 25, San Antonio-based Frost Bank announced that it has made an equity investment of $500,000 into the Austin Housing Conservancy Fund (AHC) to support workforce-affordable rental housing in the rapidly growing Austin metropolitan area. AHC, founded in 2016, is an equity fund focused on purchasing multifamily properties and preserving them as affordable housing … Read more
Durant, Oklahoma-based First United Bank held the grand opening of its fifth location in Austin on October 26. The new location at 8701 FM 2244, Bldg. 1, Ste. 100, in the Seven Oaks area offers commercial real estate, commercial/retail banking, investments and insurance, and mortgage services. It joins the four established First United Bank locations … Read more
Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established the following branches: 660 N. Main Ave. in San Antonio; 407 S. Commerce St. in Harlingen; 10456 Montwood Dr. in El Paso; 512 N. Organ in El Paso; 600 Matamoros St. in Laredo; 2101 S. 10th St. in McAllen; and 800 E. Tom … Read more
Mergers and Acquisitions The TDB reports that Capital Bank of Texas, based in Carrizo Springs, has completed its merger with BAT Investments Inc., based in Austin. Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established a branch at 1860 Payne St. in Dallas. The OCC reports that VeraBank National … Read more
The Independent Bankers Association of Texas (IBAT) recently honored Rogers Pope Jr., vice chairman and CEO of Longview-based Texas Bank and Trust, with the 2021 IBAT Chairman’s Award. Brad Tidwell, IBAT’s 2020-21 chairman and president and CEO of Henderson-based VeraBank, chose this year’s honoree and bestowed the prestigious award to Pope in September during IBAT’s … 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
Branches The OCC reports that Wells Fargo Bank NA, based in Sioux Falls, South Dakota, has established a branch at 880 S. Preston Rd. in Prosper. The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established a branch at 1920 E. Riverside Dr., Bldg. C, in Austin. The OCC reports that Texana Bank … Read more