TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
Henderson-based VeraBank announced that Todd Engemoen, the bank’s executive vice president and chief financial officer, was nominated as one of this year’s best chief financial officers as determined in the Austin Business Journal’s 15th annual “Best CFOs of the Year in Central Texas” awards. Engemoen joined VeraBank in 2014, bringing a decade of experience in … Read more
Houston-based Amegy Bank has opened a loan production office in south Arlington as the bank continues to expand its footprint in the Dallas/Fort Worth metroplex. The new loan production office, located at 700 Highlander Blvd., Ste. 350, in Arlington, will be led by Shirley Cox, senior vice president of commercial banking. Cox is an Arlington … Read more
On July 19, Independent Financial announced the completion of phase two of its $150 million headquarters campus in McKinney, Texas, supporting the organization’s expanding workforce. The new six-story, 198,000-square-foot building more than doubles Independent Financial’s existing presence at McKinney Corporate Center Craig Ranch and allows the organization to consolidate its banking operations and technology teams. … Read more
Odessa-based SouthWest Bank has announced the creation of its new oil and gas department and the appointment of two new employees—Richard Davis Browning II and Wes Webb—as the bank looks to provide specific support to a major industry in the region. Webb has been hired to serve as senior vice president/commercial lender. He has more … Read more
Tyler-based American State Bank recently expanded its footprint with the establishment of a loan production office in Lubbock, according to a report in the Lubbock Avalanche-Journal. This is the first of several planned expansion offices by American State Bank. The new office, located at 4010 82nd St., Ste. 110, will be led by Bud Holmes, … Read more