TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
First Guaranty Bancshares Inc., the parent company of Hammond, Louisiana-based First Guaranty Bank, has entered into a purchase and assumption agreement for the sale of its Texas operations to Muskogee, Oklahoma-based Armstrong Bank, according to S&P Global Market Intelligence. The transaction, already approved by the boards of both companies, is expected to close in the … Read more
The economy seems to be recovering from more than a year of pandemic and stay-at-home orders It’s time for community banks to evaluate their marketing efforts in a new light. Interest rate margins are still slim enough to fit into skinny jeans, and that situation won’t reverse overnight. However, there is a risk that banks will … Read more
The past year and a half has challenged our industry in ways previously unknown. We began the year expecting our biggest challenge would be the continued growth of deposits at reasonable rates. Today, we are faced with three challenges: a prolonged low-rate environment with continued margin compression; keeping branches open/serving our communities; and an increasing … Read more