TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The TDB and FRBD report that BAT Investments Inc., based in Austin, has applied to acquire Capital Bank of Texas, based in Carrizo Springs. Branches The OCC reports that Bank of America National Association, based in Charlotte, North Carolina, has applied to establish a branch at 2522 W. Grand Pkwy. N in Katy. The OCC reports … 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
The Texas Bankers Association (TBA) has partnered with national nonprofit organization CareerWork$ to support the expansion of its signature free vocational training program, BankWork$, in Texas. The program, which currently operates classes at Dallas College, helps young adults from low-income communities build meaningful careers in banking through a free eight-week career training program, with placement assistance … Read more
Pasadena, California-based East West Bank, which operates 13 locations in the Texas/Southwest region, presented a $10,000 contribution to the Houston Food Bank on April 12 to support local organizations that are aiding communities disproportionately impacted by the severe weather crisis that hit Texas in mid-February. As families grapple with both the health and economic impacts … Read more
Gerald B. Smith of Houston has been re-elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term ending December 31, 2023. He has served on the Dallas Fed’s board since 2018 and on the bank’s Houston branch board from 2011 to 2016. In his role as … Read more
The Federal Reserve Bank of Dallas has announced the following promotions: Jim Dolmas has been promoted to economic policy advisor and senior economist in the research department. Previously, he was a senior research economist. Dolmas joined the Dallas Fed in 2000. He leads the policy group and is a co-editor of Dallas Fed Economics. Dolmas … Read more
Omaha, Nebraska-based Security National Bank of Texas announced the promotions of two employees within its organization. Conner Price has been promoted to senior vice president/Texas director of lending. He joined Security National Bank last spring and offices in the bank’s Uptown Dallas location, leading a team that serves customers with all lending, the small-business administration … Read more
Dallas Capital Bank recently announced the addition of Scott Powell as executive vice president/private banking. He will lead the private banking group in providing North Texas professionals, business owners, executives, affluent individuals and families with responsive, highly tailored banking services and solutions. Powell will report directly to Jason Matthews, chief banking officer. Powell joins Dallas … Read more
On April 8, Irvine, California-based First Foundation Bank announced the promotion of Michael Berry to senior vice president/director of commercial banking. He will lead the commercial banking production team as well as manage the corporate banking, commercial banking, small business and public finance teams. First Foundation Bank’s holding company, First Foundation Inc., recently relocated its … Read more
Dallas-based PlainsCapital Bank recently announced a series of senior-level leadership promotions across its Dallas, Austin and Lubbock markets. John Owens has transitioned from West Texas region chairman to chairman emeritus. He co-founded PlainsCapital Bank in 1988 and has more than four decades of banking experience in the Lubbock area. He received a BBA degree and … Read more