TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Kristi Koncaba, president and COO of Houston-based Texan Bank, has been elected to the board of directors of the Texas Bankers Association. She has also been appointed chair of the Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association that serves and supports Texas banks, their employees and communities through educational programs, gifting … Read more
On June 8, Atlanta-based Cadence Bank, a subsidiary of Houston-based Cadence Bancorporation, announced a strategic business alliance with Unity National Bank of Houston, the only Black-owned banking institution in Texas and one of two Black minority depository institutions with a national charter. The cooperative alliance brings growth capital to Unity National Bank, strengthening its ability to make … Read more
On May 26, Birmingham, Alabama-based BBVA USA announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020. The branches, which opened in early May, feature updated models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience … Read more
What began in the 1950s as rumblings of a new bank in Houston’s Montrose district grew into an institution with true staying power. This year, that institution has reason to celebrate. Central Bank, Houston’s longest-serving independent bank, is marking its milestone 65th anniversary. L.E. Cowling, owner of Southern States Life Insurance, set the wheels in … Read more
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