TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
The Cecil family is celebrating a centennial milestone, marking the 100th year of their leadership and family legacy at Paris-based The Liberty National Bank. In 1925, Jim Cecil, a prominent banker from Valliant, Oklahoma, moved to Paris, Texas, at the urging of his physician, Dr. L.P. McCuistion. McCuistion’s brother, Ed McCuistion, was the president of … Read more
Woodville-based Citizens State Bank recently announced the promotion of Will Brooks to senior vice president. He currently serves as a commercial lender in the bank’s newest location at Valley Ranch. With more than a decade of experience in the banking sector, his skills developing customized solutions for businesses across various sizes and industries have established … Read more
Sulphur Springs-based Alliance Bank has promoted Jason Thompson to market president for Hopkins County. “Jason Thompson has been a vital part of Alliance Bank for almost three decades,” says James Law, president and CEO. “He gained a solid foundation in banking early in his career. Over the years, he built expertise across all lending areas, … Read more
Henderson-based VeraBank has been named “2024 Member of the Year” by the Hutto Area Chamber of Commerce. The annual awards program recognizes organizational strength and its impact on key community priorities. “This recognition highlights VeraBank’s commitment to supporting local businesses, cultivating economic development and investing back in the communities we proudly serve,” says Paul Gerling, … Read more
Wichita Falls-based American National Bank & Trust announced that it has hired Philip Strange to serve as senior vice president/mortgage lending. With nearly 30 years in the mortgage industry, he brings a wealth of experience in community bank mortgage division start-ups, process improvements and customer-focused lending. In his new role, he will specialize in employee … Read more
On February 20, Rio Financial Services Inc., the parent company of McAllen-based Rio Bank, and San Antonio-based Lone Star Capital Bank NA jointly announced the signing of a definitive agreement providing for the merger of Lone Star Capital Bank with and into Rio Bank. Upon the consummation of the merger, Lone Star Capital Bank will … Read more
On February 21, William E. Browning, chairman of Yoakum National BancShares Inc., the holding company of Yoakum National Bank, and Jim Smitherman, CEO of Yoakum National Bank, announced that a definitive agreement has been executed in which Yoakum National BancShares Inc., has agreed to acquire 100 percent of the issued and outstanding shares of common … Read more
Terry Richter has been named chief executive officer of Cameron-based Classic Bank. He has been serving as interim CEO since December 2023. Richter retired from the Office of the Comptroller of the Currency (OCC) in 2021 with more than 35 years of experience. He served in a wide variety of roles at the OCC, including … Read more
On January 8, Bowie-based Legend Bank announced the appointment of Ricky Taylor as Wichita Falls branch president/senior vice president and Colton Sheffield as vice president/commercial lender in North Richland Hills. Taylor has been in the financial industry for more than 20 years, specializing in agriculture, commercial real estate, small business, equipment and construction loan needs. … 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