TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
The board of directors of the Federal Reserve Bank of Dallas’ Houston branch has elected Ruth Simmons chair and Cynthia Colbert chair pro tem for 2023. Simmons joined the Houston branch board in 2020. She is president of Prairie View A&M University. Previously, she was president and professor of comparative literature and Africana studies at … Read more
Tray Mounce, a longtime Houston banking executive, has been named executive vice president at San Antonio-based Vantage Bank. His hiring comes as the Texas-based bank launches its expansion into the Houston market. Mounce will serve as co-president of the Houston market alongside recently hired Cody Canno, also an executive vice president. Mounce has more than … Read more
The Federal Reserve Board of Governors has appointed Rosa Santana to the Federal Reserve Bank of Dallas’ San Antonio branch board of directors and Ric Campo to its Houston branch board. They will both serve a three-year term ending December 31, 2025. As branch board members, they will provide input on regional economic conditions as part of … Read more
Hammond, Louisiana-based First Guaranty Bank, a wholly owned subsidiary of First Guaranty Bancshares Inc. announced a definitive agreement to purchase Houston-based Lone Star Bank in an all-stock transaction. The combined financial institutions will have approximately $3.2 billion in total assets, $2.5 billion in total loans and $2.8 billion in total deposits. Established in 2006, Lone … Read more
Joe Quiroga of Edinburg and Cindy Taylor of Houston have been re-elected to the Federal Reserve Bank of Dallas board of directors by its member banks. They will both serve a three-year term ending December 31, 2025. In this role, they provide input on regional economic conditions as part of the Federal Reserve’s monetary policy … Read more
Edna Meyer-Nelson has been elected the chair of Houston-based Agility Bank NA, the first bank in the country established as a minority depository institution focused on women, but serving all. A former banker, Meyer-Nelson is president and CEO of The Richland Companies, one of the largest women-owned real estate investment firms in the country with … 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
Mount Pleasant-based Guaranty Bank & Trust recently promoted Katie Croasdale to market president of the bank’s Galleria location in Houston. She has been with Guaranty Bank & Trust since 2018. Croasdale began her 25-year banking career while attending college and has gained comprehensive experience and expertise in accounting, analysis, internal auditing, operations and commercial lending. … Read more
On October 3, Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced the completion of its previously announced acquisition of and merger with Roscoe-based Roscoe State Bank. The merger results in the formation of Cornerstone Capital Bank, which will hold more than $380 million in regulatory capital and greater than $1.5 … Read more
Yoakum-based Yoakum National Bank has announced the hiring of a new lender for its West Houston loan production office, as well as the promotion of a lender in Odessa. Graydon Rochelle has been hired as vice president/commercial lending for the bank’s LPO in West Houston, responsible for generating and supporting both individual and commercial relationships … Read more