TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Forbes’ 2024 ranking of the Best-In-State Banks and Credit Unions was released at the end of June. The list provides a comprehensive look at the elite of America’s smaller financial institutions in 2024. Forbes collaborated with market research firm Statista to conduct in-depth interviews of more than 26,000 U.S. citizens from all 50 states about … Read more
On June 24, San Antonio-based Frost Bank announced that longtime executive Don Frost plans to retire at the end of the month. A great-great-grandson of the company’s founder, T.C. Frost, Don Frost started at the bank in 1983 and has worked in numerous roles over this 41-year tenure. He retires as an executive vice president … Read more
Forbes has released its 15th annual list of “America’s Best Banks,” with numerous companies headquartered in Texas making the cut. Of the 100 banks on the list, eight are based in the Lone Star State. Here are the Texas-based 2024 “America’s Best Banks” (the numbers indicate the bank’s ranking on Forbes’ list of U.S. banks: … Read more
The board of directors of Cullen/Frost Bankers Inc., the holding company for San Antoino-based Frost Bank, has announced that Hope Andrade, former Texas secretary of state, has been elected to the board. She will join the board’s audit and risk committees. “[Andrade] is a longtime Texas entrepreneur and leader with a wealth of knowledge about … Read more
The Texas Bankers Hall of Fame will induct its 2022 honorees at the Ninth Annual Texas Bankers Hall of Fame Gala on April 28 on the campus of Sam Houston State University in Huntsville. Five iconic bankers—James D. “Jay” Dreibelbis, the late Robert Griffith “Bob” Greer, W. Wes Hoskins, Ben Morgan and R. Michael Rigby—will … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more