TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
The July 4 and 5 flash floods across Central Texas—particularly along the Guadalupe River in the Hill Country—resulted in more than 135 deaths, a handful of people still missing and catastrophic financial impacts in the multi-billion-dollar range, with some estimates between $18 and $22 billion. Texas banks rallied immediately to help in the aftermath of the … Read more
In early July, catastrophic flash flooding swept through Central Texas, especially in the Hill Country, overwhelming rivers like the Guadalupe and devastating communities across Kerr, Comfort and Midland counties. Amid widespread destruction and an urgent need for relief, Texas’s community banks stepped up, demonstrating their longtime role as both local economic stewards and frontline responders … Read more
College Station-based American Momentum Bank announced a new hire and a promotion in July. The bank has hired Scott Winchell to serve as senior vice president/market president for Andrews. He will focus on community development, lending and risk management for the Andrews, Seminole and greater Permian Basin markets. Winchell brings nearly 20 years of banking … Read more
On May 28, San Antonio-based Frost Bank announced that Cliff McCauley, senior executive vice president, has decided to retire in June. He spent 42 years of his 44-year career at Frost Bank in the correspondent banking division, working with banks across Texas. In 2020, McCauley also took on responsibility for treasury management, merchant services and … Read more
Sherita Graves has been promoted to executive vice president and chief risk officer at San Antonio-based Texas Partners Bank. Previously serving as senior vice president and director of risk management, she has been with the bank for more than seven years. With more than 18 years of experience in compliance and risk management, before joining … Read more
On May 19, San Antonio-based Frost Bank reached a milestone—its 200th financial center in Texas—when the bank’s Pflugerville branch opened for business. The bank will celebrate the new location on an upcoming date. A 157-year-old bank with deep Texas roots, Frost Bank has been expanding in its Austin, Dallas and Houston regions. Pflugerville is the … Read more
On May 5, Texas Southern University (TSU) in Houston announced a $200,000 gift from the Moody Foundation in support of the Future Bankers Leadership Program (FBLP) at the Jesse H. Jones School of Business. This contribution further strengthens the program’s mission to prepare students for careers in the financial services industry through academic training, mentorship … Read more
For the 16th consecutive year, San Antonio-based Frost Bank has received the highest ranking for retail banking customer satisfaction in Texas, according to the J.D. Power 2025 U.S. Retail Banking Satisfaction Study. It evaluates retail banking customer satisfaction with national and regional banks across the U.S. With an overall satisfaction index score of 745—68 points … 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
Branches The OCC reports that First National Bank Texas, based in Killeen, has established a branch at 10718 Potranco Rd. in San Antonio. The OCC reports that it has approved an application by UMB Bank NA, based in Kansas City, Missouri, to establish a branch at 5950 Berkshire Lane, Ste. 1600, in Dallas. The OCC … Read more