TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Home Office The TDB reports that WestStar Bank, based in El Paso, has applied to relocate its home office from 500 N. Mesa in El Paso to 601 N. Mesa in El Paso. Branches The OCC reports that Texas Republic Bank National Association, based in Frisco, has established a branch at 1212 S. Preston Rd., … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Happy State Bank, based in Happy, to acquire First National Bank of Tahoka, based in Tahoka. The TDB reports that Peoples Bank, based in Lubbock, has acquired First Bank & Trust, based in Seymour. Branches The OCC reports that Amarillo National Bank, … Read more
S. Scott MacDonald, Ph.D., president and CEO of the Southwestern Graduate School of Banking (SWGSB) Foundation since 1997, recently announced that he will step down at the end of 2021. He will remain with the foundation through the transition to the next CEO. MacDonald, a nationally recognized authority on bank finance and economics, is the … Read more
Dallas-based Affiliated Bank NA has changed its name to Susser Bank to better reflect its ambitious growth strategy. Since 2018, the bank has operated under the ownership and direction of Susser Banc Holdings Corp., led by fifth-generation Texas entrepreneur Sam L. Susser. While the name change legally went into effect December 31, 2020, Susser Bank … Read more
In 1961, North Dallas Bank & Trust Co. opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers and seven employees. Today, the bank is celebrating 60 years in business with $1.5 billion in total assets, more than 160 employees and … Read more
Mergers and Acquisitions The TDB reports that Happy State Bank, based in Happy, has applied to acquire First National Bank of Tahoka, based in Tahoka. The TDB reports that Commercial Bank of Texas National Association, based in Nacogdoches, has acquired a branch from Texas Bank and Trust Co., based in Longview. The branch is located at 102 W. … Read more
Mergers and Acquisitions The TDB and FRBD report that BAT Investments Inc., based in Austin, has applied to acquire Capital Bank of Texas, based in Carrizo Springs. Branches The OCC reports that Bank of America National Association, based in Charlotte, North Carolina, has applied to establish a branch at 2522 W. Grand Pkwy. N in Katy. The OCC reports … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
The Texas Bankers Association (TBA) has partnered with national nonprofit organization CareerWork$ 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