TEXAS BANKING NEWS, PEOPLE and IDEAS
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
On July 26, Great Plains Bancshares Inc., along with its subsidiary, Elk City, Oklahoma-based Great Plains National Bank, announced that it has entered into a definitive agreement to acquire Providence Bancshares Corp. and its wholly owned subsidiary, Southlake-based Providence Bank of Texas SSB. The acquisition expands Great Plains Bancshares’ growing footprint in the Dallas/Fort Worth … Read more
Wallis-based Wallis Bank recently opened a loan production office in the Phoenix, Arizona, metro area. This is the bank’s first location in Arizona. “We have an excellent regional president, Ketan Patel, who has been in the banking industry for more than 20 years,” says Asif Dakri, CEO. “We see Phoenix as a vibrant, fast-paced, growing … Read more
McKinney-based Independent Financial is expanding its Austin market lending team at both its downtown and West Lake Hills locations to help meet growing demand. Scott Daniels has been promoted to senior vice president and will assist commercial loan customers, evaluate real estate and service credit loans. Rick Lindley also represents Independent Financial and both Laurie … Read more
On August 1, Origin Bancorp Inc., the holding company for Choudrant, Louisiana-based Origin Bank, announced the completion of its acquisition of BT Holdings Inc., the holding company for Quitman-based BTH Bank NA. The acquisition became effective on August 1 in accordance with the terms of the agreement and plan of merger announced in February. “We … Read more
Henderson-based VeraBank announced that Todd Engemoen, the bank’s executive vice president and chief financial officer, was nominated as one of this year’s best chief financial officers as determined in the Austin Business Journal’s 15th annual “Best CFOs of the Year in Central Texas” awards. Engemoen joined VeraBank in 2014, bringing a decade of experience in … Read more
Houston-based Amegy Bank has opened a loan production office in south Arlington as the bank continues to expand its footprint in the Dallas/Fort Worth metroplex. The new loan production office, located at 700 Highlander Blvd., Ste. 350, in Arlington, will be led by Shirley Cox, senior vice president of commercial banking. Cox is an Arlington … Read more