TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On October 25, San Antonio-based Frost Bank announced that it has made an equity investment of $500,000 into the Austin Housing Conservancy Fund (AHC) to support workforce-affordable rental housing in the rapidly growing Austin metropolitan area. AHC, founded in 2016, is an equity fund focused on purchasing multifamily properties and preserving them as affordable housing … Read more
Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established the following branches: 660 N. Main Ave. in San Antonio; 407 S. Commerce St. in Harlingen; 10456 Montwood Dr. in El Paso; 512 N. Organ in El Paso; 600 Matamoros St. in Laredo; 2101 S. 10th St. in McAllen; and 800 E. Tom … Read more
Mergers and Acquisitions The TDB reports that Capital Bank of Texas, based in Carrizo Springs, has completed its merger with BAT Investments Inc., based in Austin. Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established a branch at 1860 Payne St. in Dallas. The OCC reports that VeraBank National … Read more
Branches The OCC reports that Wells Fargo Bank NA, based in Sioux Falls, South Dakota, has established a branch at 880 S. Preston Rd. in Prosper. The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established a branch at 1920 E. Riverside Dr., Bldg. C, in Austin. The OCC reports that Texana Bank … Read more
Conversions The TDB reports that Texas Capital Bank, based in Dallas, has completed its conversion to a state-chartered bank. Branches The OCC reports that it has approved an application by Bank of America NA, based in Charlotte, North Carolina, to establish a branch at 3869 Maurice Ave., Ste. 101, in Fort Worth. The OCC reports that PNC Bank NA, … Read more
Home Office Relocations The TDB reports that it has approved an application by State Bank of Texas to locate its home office from 11950 Webb Chapel Rd. in Dallas to 5101 N. O’Connor Blvd. in Irving. Branches The OCC reports that Austin Bank NA, based in Jacksonville, has established a branch at 26400 Kuykendahl Rd., Ste. … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Capital Bank of Texas, based in Carrizo Springs, to merge with BAT Investments Inc., based in Austin. The TDB reports that First United Bank, based in Dimmitt, has merged with First Bank and Trust of Childress, based in Childress. The TDB reports … Read more
Mergers and Acquisitions The TDB reports that Citizens State Bank, based in Somerville, has applied to acquire Burton State Bank, based in Burton. The TDB reports that The Chasewood Bank, based in Houston, has applied to merge with MergerCo Inc., based in Houston. Home Office Relocations The TDB reports that WestStar Bank has relocated its … Read more
MARK GRIFFITHS, Adjunct Professor, University of Southern California MIKE MAULDIN, Director of the Excellence In Banking Program, Texas Tech University DREW WINTERS, Pickering Chair in Finance, Texas Tech University EDITOR’S NOTE: This research paper—part three of a comprehensive look at the Paycheck Protection Program (PPP)—was provided by the Excellence in Banking Program at Texas Tech … Read more
Branches The OCC reports that it has approved an application by Commercial Bank of Texas National Association, based in Nacogdoches, to establish a branch at 321 N. Central Expwy., Ste. 100, in McKinney. The OCC reports that it has approved applications by First National Bank Texas, based in Killeen, to establish the following branches: 3855 … Read more