TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On October 6, Cincinatti-Ohio-based Fifth Third Bancorp and Dallas-based Comerica Inc. announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. This transaction brings together two long-tenured banking franchises to create the ninth largest U.S. bank with approximately $288 billion … Read more
Brandon Q. Jones, senior vice president/director of external affairs at Dallas-based Comerica Bank, has been named chair of the UNCF’s 2025 North Texas Walk for Education to help raise funds for underserved students across North Texas who are trying to get to and through college. The United Negro College Fund (UNCF) is one of the … Read more
Branches The OCC reports that First National Bank Texas, based in Killeen, has established a branch at 10718 Potranco Rd. in San Antonio. The OCC reports that it has approved an application by UMB Bank NA, based in Kansas City, Missouri, to establish a branch at 5950 Berkshire Lane, Ste. 1600, in Dallas. The OCC … Read more
Dallas-based Comerica Bank will host its 10th annual North Texas Prom Dress Drive during the month of February at seven participating banking centers in the Dallas area. Donations will benefit local teens served by Boys & Girls Clubs of Collin County, Dallas CASA and Boys & Girls Clubs of Greater Dallas, who otherwise may not … Read more
Dallas-based First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that it has completed its acquisition of TGR Financial Inc. and its bank subsidiary, Naples, Florida-based First Florida Integrity Bank, a Florida state-chartered bank with seven branch offices located throughout Southwest Florida, plus … Read more
For more than a year, community bankers have been hard at work saving the nation’s small businesses via the Paycheck Protection Program (PPP). The effort has been nothing short of heroic—and, from what I am hearing, PPP didn’t just provide short-term income for community banks in 2020; the relationships earned with new customers in the … Read more