TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On April 17, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of First Bancshares of Texas Inc., the parent company of Midland-based FirstCapital Bank of Texas NA. The merger is expected to be effective as of May … Read more
On April 5, Birmingham, Alabama-based Regions Bank announced that Mark Evans will serve as the company’s first market executive focused exclusively on San Antonio and surrounding areas as the bank builds on its Texas presence. Regions Bank has strategically expanded across the Lone Star State in recent years, including branching out into Houston, Dallas, Fort … Read more
Corpus Christi-based American Bank has completed its acquisition of San Antonio-based TexStar National Bank after a successful core systems conversion in late March. TexStar National Bank, its clients and six San Antonio-area branches are now fully integrated and part of the American Bank system. The acquisition, which received regulatory approval and became effective in October … Read more
By Sean C. Payant, Ph.D. Many bank executives spend considerable time thinking about strategies to improve overall profitability and create sustainable growth. According to what is conveyed in banking industry publications and gleaned at trade shows and conferences, the industry’s best practices generally focus on strategies to cut expenses—using technology, looking at staffing levels, increasing … Read more
On January 30, Vista Bancshares Inc., the holding company for Dallas-based Vista Bank, announced that it has entered into a definitive agreement to acquire Charis Holdings Inc. and its subsidiary, Justin-based Charis Bank. The transaction will expand Vista Bank’s footprint and lending ability. With the acquisition, Vista will acquire Charis Bank’s North Texas locations and … Read more
San Antonio-based Frost Bank’s Central Plano and Northwest Dallas locations—the seventh and eighth of 28 new financial centers to open in the bank’s Dallas region expansion—are open for business. The Central Plano branch opened on November 14 and the Northwest Dallas branch opened on the morning of December 12. A 154-year-old bank with deep Texas … Read more
Omaha, Nebraska-based Pinnacle Bancorp Inc. and its subsidiary, Fort Worth-based Pinnacle Bank, have received regulatory approval for the acquisition of San Antonio-based Crockett National Bank. On December 1, Crockett National Bank changed its name to Pinnacle Bank. Its San Antonio, San Angelo, College Station, New Braunfels and Ozona branches will become part of Pinnacle Bank’s … Read more
San Antonio-based Vantage Bank has announced plans to enter the Houston market before the end of 2022, according to Community Impact. The move will start with a loan production office in the Galleria area at 5151 San Felipe St., says Cody Cannon, market president in Houston. Officials are in the process of finalizing the lease, … Read more
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
On October 27, Arp-based American State Bank announced a partnership with Super Bowl-winning Kansas City Chiefs quarterback Patrick Mahomes as the bank looks to accelerate its expansion plans and digital transformation. As part of this buildout in the Lubbock, Amarillo, Plainview and Dallas/Fort Worth markets, Mahomes has become a significant stakeholder in American State Bank. … Read more