TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
Pasadena, California-based East West Bank, which operates 13 locations in the Texas/Southwest region, presented a $10,000 contribution to the Houston Food Bank on April 12 to support local organizations that are aiding communities disproportionately impacted by the severe weather crisis that hit Texas in mid-February. As families grapple with both the health and economic impacts … Read more
Gerald B. Smith of Houston has been re-elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term ending December 31, 2023. He has served on the Dallas Fed’s board since 2018 and on the bank’s Houston branch board from 2011 to 2016. In his role as … Read more
The Federal Reserve Bank of Dallas recently made announcements of branch board appointments and reappointments in the 11th District, including the San Antonio, Houston and El Paso branches. These appointees will provide input into regional economic conditions as part of the Federal Reserve’s monetary policy functions. They will serve or continue serving for a three-year term … Read more
On April 12, Tupelo, Mississippi-based BancorpSouth Bank and Houston-based Cadence Bancorporation, the parent company of Cadence Bank NA, jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern … Read more
Houston-based Central Bank has hired Mohammad Tariq to serve as executive vice president of commercial lending. A longtime financial professional who has called Houston home for 35 years, Tariq joined the bank in February. In his new role, he helps to oversee commercial lending practices and general operations, and will play a key role in Central … Read more
The Federal Reserve Bank of Dallas has appointed four new members to its Community Depository Institutions Advisory Council. The council, composed of representatives from financial institutions of various sizes in the 11th District, is part of a Federal Reserve initiative to enhance communication with community bankers. The council provides senior Dallas Fed officials with grassroots information on … Read more
Choudrant, Louisiana-based Origin Bank has announced expansions in its Dallas/Fort Worth and Houston regions with the opening of two new Texas banking centers. Its new 3,500-square-foot Medical City Dallas branch is located at 7777 Forest Lane, offering personal and business banking, insurance services, safe deposit box rentals and two ATMs. Origin Bank’s new location in The … Read more
Houston-based Central Bank’s newest branch is open for business. The bank’s Lower Heights location opened its doors to the public on January 11 at 2799 Katy Frwy., Ste. 150. It replaces the company’s Midtown branch, which closed on January 8. Housed in the Lower Heights District multi-use development, the full-service branch offers business and personal … Read more
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to banks at a special virtual video presentation on December 3. The Cornerstone Award recognizes excellence in community involvement by Texas banks. The following banks were honored with the 2020 Cornerstone Award. … Read more