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
On September 30, United Way of Greater Houston announced that Julie Young Sudduth, executive vice president and regional president for Pittsburgh, Pennsylvania-based PNC Bank in Houston, has been named chair of the 2025–26 annual community campaign, a major fundraising effort that supports a wide range of community services helping neighbors find their pathway to financial … Read more
On October 1, Texas Banking Commissioner Charles G. Cooper announced that Bells-based Cendera Bank National Association has completed its conversion to a Texas state-chartered bank from a national banking association. The bank began operating as Cendera Bank under its new charter effective October 1. The bank, a wholly owned subsidiary of Cendera Financial Holdings Inc. … Read more
Willow Park-based First Bank Texas has promoted Brooks Ferguson to chief credit officer. He has been an integral part of the bank’s leadership team. In his new role, he will oversee the bank’s credit administration, lending policies and risk management practices. “Brooks has demonstrated exceptional leadership and deep knowledge of credit management,” notes Zan Prince, … Read more
On September 15, Denver-based National Bank Holdings Corp., the holding company for NBH Bank, announced the signing of a definitive merger agreement to acquire Vista Bancshares Inc., the holding company for Dallas-based Vista Bank with operations in Dallas/Fort Worth, Austin and Lubbock, as well as Palm Beach, Florida. The transaction is expected to close in … Read more
On July 18, Prosperity Bancshares Inc., the parent company of Houston-based Prosperity Bank, and American Bank Holding Corp., the parent holding company of Corpus Christi-based American Bank NA, jointly announced the signing of a definitive merger agreement whereby Prosperity Bancshares will acquire American Bank Holding Corp. and American Bank. The merger has been unanimously approved … Read more
On June 5, Houston-based USV Bancorp Inc. announced that it has entered the final phase of its capital raising efforts to establish the first Vietnamese/American minority-owned bank in Houston. USV Bancorp notes that this milestone marks the culmination of a vision more than 50 years in the making. Founded in 2023, USV Bancorp is a … Read more
College Station-based American Momentum Bank has appointed Casey Oldham, CEO and chief investment officer of Oldham Goodwin Group LLC, to the bank’s board of directors. He brings more than 20 years of experience in the commercial real estate industry. “Casey’s expertise in real estate, capital raising and deal structuring, paired with his involvement in communities … Read more
On May 1, the Federal Financial Institutions Examination Council (FFIEC) announced the re-selection of Texas Banking Commissioner Charles G. Cooper to the FFIEC’s State Liaison Committee (SLC) for a term that runs through April 30, 2027. Concurrently, the SLC announced Cooper’s re-election as SLC chair for a one-year term that runs until April 30, 2026. … 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