TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock. Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will … Read more
The Federal Reserve Bank of Dallas has named two new regional executives whose focus will be deepening relationships with business and community leaders in North Texas and the Austin area to gain greater insight into the economy at the grassroots level. Donald Bowers has been named regional executive for North Texas and Guhan Venkatu has … Read more
On January 30, San Antonio-based USAA Federal Savings Bank’s board of directors announced the appointment of Michael Moran as bank president. Moran, who has been serving as the interim president, brings more than two decades of banking experience and a strong commitment to the mission of serving the military community and their families. Before moving … Read more
On January 23, Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, announced that its board of directors has elected Rob C. Holmes, president, CEO and board director, to also serve as chairman of the board immediately following the 2025 annual meeting of stockholders. “The decision to entrust chairman of the board … Read more
Texas Governor Greg Abbott has reappointed Clifton “Cliff” Bickerstaff to the Board for Lease of Texas Parks and Wildlife Lands. His term will expire on September 1. Bickerstaff serves as executive vice president at Amarillo National Bank and is a member of the bank’s board of directors. The Board for Lease was created to lease land … Read more
The board of directors of the Federal Reserve Bank of Dallas’ San Antonio branch has elected Monica Salinas as chair and Rosa Santana as chair pro tem for 2025. Salinas, who joined the San Antonio branch board in 2022, is CEO of operations at Cromex Forwarding Inc., an international customs brokerage company with locations in … Read more
On January 20, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced the appointment of three new members to its Affordable Housing Advisory Council, as well as two reappointments. With the addition of a seat dedicated to advising on tribal housing, the council now consists of 14 representatives from state, community and nonprofit organizations … Read more
In January, numerous appointments to the Federal Reserve Bank of Dallas’ board of directors and its branch boards were announced. These appointees provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions. Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the … Read more
On January 2, Winter Haven, Florida-based SouthState Corp. announced the closing of its acquisition of Independent Bank Group Inc. through the merger of McKinney-based Independent Financial with and into SouthState. Immediately after the January 1 merger, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank NA. As a result of these transactions, … Read more
In October, Houston-based Gulf Capital Bank announced that Allan Li, CEO of Pamarco Technologies LLC, has joined the bank’s board of directors. Pamarco Technologies is an industrial manufacturing company that supplies and services major multinational integrated packaging suppliers and OEM firms worldwide. Li also serves as a managing director and board member of Kotts Capital … Read more