TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Henderson-based VeraBank has added Kyle King to its commercial banking team. With the bank since 2022, he will serve as banking officer/commercial banker at the Lufkin branch. King has been in the financial services industry for 12 years and most recently served as portfolio manager for the bank’s Lufkin and Tyler markets. “What makes Kyle … Read more
Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more
Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to banks at a special virtual video presentation on December 3. The Cornerstone Award recognizes excellence in community involvement by Texas banks. The following banks were honored with the 2020 Cornerstone Award. … Read more