TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Bee Cave-based Keystone Bank raised $18 million in its latest round of funding—with an industry expert noting that its growth makes it one of the fastest-growing banks in the country. The fresh funds will be used to expand the bank’s team, enhance its banking technology and put the four-year-old community bank on track to handle … Read more
The Federal Home Loan Bank of Dallas (FHLB Dallas) has had a busy summer partnering with numerous financial institutions to award funding to community-based organizations as part of its Partnership Grant Program (PGP). FHLB Dallas serves approximately 800 members and associated institutions across its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. In … Read more
On August 3, Killeen-based First National Bank Texas (FNBT) and the Federal Home Loan Bank of Dallas (FHLB Dallas) presented $72,000 to the Dallas Area Habitat for Humanity in a ceremonial check presentation. FNBT and FHLB Dallas provided the funding from FHLB Dallas’ Homebuyer Equity Leverage Partnership (HELP) program in 2022 to help 12 income-qualified, first-time … Read more
On August 9, Lendistry, a minority-led and technology-enabled small business and commercial real estate lender, announced plans to support underserved small businesses across Texas thanks to the funding of $5 million provided by Dallas-based Texas Capital Bank. The partnership allows Lendistry to open a physical location in Dallas—its first in Texas—and provide access to capital … Read more
On January 3, Corpus Christi-based American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin. “Our acquisition of ACG Equipment Finance is consistent with our long-term strategic plan,” says Stephen Raffaele, CEO and president of American Bank. “Bringing our companies together accelerates our growth strategy, … Read more
In early December, Bankers Helping Bankers hosted its first event for community bankers throughout the country since the platform launched in October. The hour-long educational session featured Ben Soppitt, CEO of Unifimoney, a cryptocurrency trading application, in conversation with Independent Bankers Association of Texas President and CEO Christopher Williston about the basics of cryptocurrencies and … Read more
When February’s ice storm caused unprecedented power outages throughout much of Texas, Yeneka Younger (pictured above) shivered in an unheated Dallas home for days. But that wasn’t the worst of it. The freezing temperatures caused pipes to burst in her kitchen resulting in extensive water damage to her cabinets and flooring. The Woodlands-based Woodforest National … Read more
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
February was not a good month for the Central Texas community of Mason. In addition to battling the pandemic and an arctic freeze that shut off power and water for days and crippled much of the state, the county courthouse in Mason was destroyed by a fire. Although the Texas Historical Commission had provided some … Read more
O n December 1, the Federal Home Loan Bank of Dallas (FHLB Dallas) announced that, in partnership with its member financial institutions, it has awarded $19.3 million in Affordable Housing Program (AHP) subsidies to 38 projects in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The subsidies will result in the creation or rehabilitation of 2,749 … Read more