TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In August, Dallas-based Vista Bank received the Federal Reserve System’s highest rating of “Outstanding” during a recent Community Reinvestment Act examination. Each year, only 13 percent of banks in the U.S. get the highest rating from the Federal Reserve. During a fiscal year that saw considerable challenges for the entire banking sector, the “Outstanding” rating … Read more
On April 30, Denver, Colorado-based FirstSun Capital Bancorp and Seattle, Washington-based HomeStreet Inc. announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16. Among the amendments is the provision that “the combined company’s ongoing banking operations will operate under a Texas state charter with FirstSun Capital … Read more
The 2021 release of the Paycheck Protection Program (PPP) is part of the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. The new release of the program arrived at the right time, as the health of small businesses had deteriorated toward the end of 2020. In this report, we first … Read more