TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Tupelo, Mississippi-based Cadence Bank recently expanded its community banking and commercial and industrial (C&I) presence in the Fort Worth market to accommodate its business growth efforts. For nearly a decade, Cadence Bank has established strong roots in the North Texas market. The new office is located near the Fort Worth Stockyards at 111 N.W. 24th St. … Read more
In mid-October, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced the signing of two acquisition agreements. In one, Prosperity has agreed to acquire First Bancshares of Texas Inc. and its banking subsidiary, Midland-based FirstCapital Bank of Texas NA. The second agreement signed by Prosperity Bancshares indicates its intention to acquire Lone … Read more
On October 12, Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, announced new plans for its headquarters located in Dallas. The bank has executed a 15-year lease term with Union Investment Real Estate GmbH, owner of the building at 2000 McKinney Ave., and will rename the entire building to Texas Capital … Read more
San Antonio-based Frost Bank is continuing its 28-location expansion in the Dallas area with recently completed branches in North Garland, West Dallas and Denton. The North Garland financial center—the fourth new branch in the regional expansion—was celebrated on August 26 with a free chuckwagon breakfast at the bank to say hello to the neighborhood. The … Read more
On September 28, Jacksonville-based Austin Bank broke ground on a new full-service banking center in Gilmer at 611 U.S. Hwy. 271 N. The ceremony was attended by the Gilmer Chamber of Commerce, area business leaders, the Austin Bank leadership team and employees, along with associates from the SLI Group of Houston, the new branch’s architect … Read more
On September 8, Kemp-based Harmony Bank NA and Dallas-based Texas Brand Bank announced that they have signed a definitive agreement in which Harmony Bank will merge with and into Texas Brand Bank. The merger agreement, announced by former Texas State Senator John J. Carona, chairman of Harmony Bank, and Edward B. Tomlinson II, chairman of … Read more
On July 26, Great Plains Bancshares Inc., along with its subsidiary, Elk City, Oklahoma-based Great Plains National Bank, announced that it has entered into a definitive agreement to acquire Providence Bancshares Corp. and its wholly owned subsidiary, Southlake-based Providence Bank of Texas SSB. The acquisition expands Great Plains Bancshares’ growing footprint in the Dallas/Fort Worth … Read more
Wallis-based Wallis Bank recently opened a loan production office in the Phoenix, Arizona, metro area. This is the bank’s first location in Arizona. “We have an excellent regional president, Ketan Patel, who has been in the banking industry for more than 20 years,” says Asif Dakri, CEO. “We see Phoenix as a vibrant, fast-paced, growing … Read more
Arp-based American State Bank has appointed Steve Bowen Amarillo region market president. The bank recently established loan/deposit production offices in West Texas and the South Plains. The Amarillo office is located at 801 S. Fillmore, Suite 205. “As a community bank committed to Texas, we’re starting with the right individuals to lead our markets and … Read more
McKinney-based Independent Financial is expanding its Austin market lending team at both its downtown and West Lake Hills locations to help meet growing demand. Scott Daniels has been promoted to senior vice president and will assist commercial loan customers, evaluate real estate and service credit loans. Rick Lindley also represents Independent Financial and both Laurie … Read more