TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On February 20, Rio Financial Services Inc., the parent company of McAllen-based Rio Bank, and San Antonio-based Lone Star Capital Bank NA jointly announced the signing of a definitive agreement providing for the merger of Lone Star Capital Bank with and into Rio Bank. Upon the consummation of the merger, Lone Star Capital Bank will … Read more
On February 21, William E. Browning, chairman of Yoakum National BancShares Inc., the holding company of Yoakum National Bank, and Jim Smitherman, CEO of Yoakum National Bank, announced that a definitive agreement has been executed in which Yoakum National BancShares Inc., has agreed to acquire 100 percent of the issued and outstanding shares of common … Read more
On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock. Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will … Read more
San Angelo-based Texas Bank recently announced two promotions. Grant Wilde has been promoted to assistant vice president of trust. Prior to joining Texas Bank, he served for four years as a computer science instructor at Angelo State University. He holds a double-major degree in mathematics and computer science from Angelo State University and earned his … Read more
On February 1, Harlingen-based Texas Regional Bank announced that it is continuing its commitment to Blanco County’s youth, contributing an additional $12,900 this year to support student agricultural projects at the Blanco County Stock Show. Since 2019, the bank has provided more than $173,000 to support local students, funding initiatives ranging from leadership camps to … Read more
On February 10, Galveston-based Moody Bank opened its newest banking center in Austin, celebrated with a ribbon-cutting ceremony and hosted by the Austin Chamber of Commerce. The new location at 7900 Shoal Creek Blvd. expands Moody Bank’s presence to 14 branches across south and central Texas. “With our move to a more accessible location in … Read more
Janette Coon, senior vice president and commercial escrow officer at WestStar Title, a division of El Paso-based WestStar Bank, retired at the end of January, concluding a 41-year career. She has been a member of the WestStar Title team for 14 years. “It has been a great honor to be part of WestStar Title and … Read more
Moulton-based SouthStar Bank SSB has hired Barbara Shaffer to serve as vice president/business development officer in Leander. With more than 40 years of banking experience, Shaffer joins SouthStar Bank having previously worked in a similar position at R Bank in Round Rock since 2013. Prior to that, she was vice president/Frost at Work specialist at … Read more
On January 30, Bank of Texas celebrated the opening of its new branch in The Woodlands with a ribbon-cutting ceremony and a $10,000 donation to the Montgomery County Food Bank. The new branch at 24 Waterway Ave. occupies the ground floor of the 13-story building in the heart of The Woodlands Waterway. It is a … Read more
Terry Richter has been named chief executive officer of Cameron-based Classic Bank. He has been serving as interim CEO since December 2023. Richter retired from the Office of the Comptroller of the Currency (OCC) in 2021 with more than 35 years of experience. He served in a wide variety of roles at the OCC, including … Read more