TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
At Pittsburg-based Pilgrim Bank’s December 2023 board meeting, Ken Pilgrim, senior chairman, and Lanny Brenner, chairman, along with the board of directors, announced several promotions and appointments. Brad Lowry has been named president and chief lending officer, and appointed to the board as an advisory director. Lowry joined Pilgrim Bank in 2004 as a management … Read more
Henderson-based VeraBank announced in mid-May that it has completed its acquisition Carthage-based Panola National Bank. Panola National Bank has two locations, Carthage and Marshall, and assets totaling more than $130 million. This transaction expands VeraBank’s footprint into Panola County for the first time and increases its presence in East Texas. “Bringing our two organizations together will be … Read more
Henderson-based VeraBank announced on December 18 that it has entered into an agreement to acquire Carthage-based Panola National Bank. Established in 1983, Panola National Bank has two locations, Carthage and Marshall, and assets totaling $125 million. This transaction will expand VeraBank into Panola County for the first time and increase its presence in East Texas. Subject … Read more
The Independent Community Bankers of America (ICBA) recently announced that community banker Ken Hale, president and CEO of Natchitoches, Louisiana-based BOM Bank, has been elected to the ICBA Federal Delegate Board. ICBA is the nation’s voice for community banks. In addition to Louisiana, BOM Bank serves customers in East Texas. “I am honored to be … Read more