TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
As part of its strategic expansion into North Texas, San Antonio-based Broadway Bank has hired Scott Cortez to serve as Dallas market president. He will oversee commercial real estate and middle-market services in the metroplex, as well as a growing team of financial experts. Cortez brings more than 30 years of banking experience managing commercial … Read more
On December 8, Dallas-based Comerica Bank revealed plans for Comerica BusinessHQ, a collaborative space that will provide integral services and value to small businesses in the Southern sector of Dallas. The bank is transforming idle real estate on the first floor of its R.L. Thornton location into a unique community resource that provides high-need, high-opportunity … Read more
Branches The OCC reports that PNC Bank NA, based in Wilmington, Delaware, has applied to establish a branch at 5220 Ave. J in Houston. The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has applied to establish a branch at the northeast corner of Ronald Reagan Blvd. and Kauffman Loop in Leander. … Read more
Mergers and Acquisitions The TDB reports that Pinnacle Bank, based in Fort Worth, has completed its acquisition of Crockett National Bank, based in San Antonio. Conversions The TDB reports that First Liberty National Bank, based in Liberty, has converted to a state charter under the name First Liberty Bank. Name Changes The TDB reports that … Read more
Dallas-based NexBank announced two executive-level promotions in December. Rhett Miller has been promoted to chief banking officer. He has served as chief credit officer since joining the bank in 2013. In his new role, he will be responsible for the institutional and commercial banking divisions. Miller will retain oversight of the bank’s credit-related activities and … Read more
On December 7, Dallas-based Texas Capital Bancshares Inc., the parent company of Texas Capital Bank, announced the creation of the Texas Capital Bank Foundation, a nonprofit entity that will expand and elevate the bank’s philanthropic giving. “Texas Capital Bank takes a holistic approach to serving our communities through strategic philanthropy and engagement,” says Rob C. … Read more
Robert Smith has joined Dallas-based Texas Capital Bank as executive vice president/head of technology, media and telecom. He brings nearly 30 years of experience in debt capital formation, public offerings, recapitalizations, international/cross border and strategic advisory assignments to his new role. Prior to joining Texas Capital Bank, Smith served as managing director at PNC Bank … Read more
On December 6, Dallas-based First Foundation Inc., a financial services company with two subsidiaries, First Foundation Bank and First Foundation Advisors, announced that Christopher M. Naghibi, who has served as executive vice president/chief credit officer of the bank since 2014, has been named executive vice president/chief operating officer, effective immediately. Additionally, Hugo Nuño, who has … Read more
San Antonio-based Frost Bank’s Central Plano and Northwest Dallas locations—the seventh and eighth of 28 new financial centers to open in the bank’s Dallas region expansion—are open for business. The Central Plano branch opened on November 14 and the Northwest Dallas branch opened on the morning of December 12. A 154-year-old bank with deep Texas … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by The Chasewood Bank, based in Houston, to acquire MergerCo Inc., based in Houston. The TDB reports that Prosperity Bank, based in El Campo, has applied to acquire Lone Star State Bank of West Texas, based in Lubbock, and FirstCapital Bank of Texas … Read more