TEXAS BANKING NEWS, PEOPLE and IDEAS
Moulton-based SouthStar Bank announced an agreement to purchase a branch in Kerrville from Manhattan, Kansas-based Community First National Bank. Pending final approval, the sale is scheduled to close on August 27. After the purchase, SouthStar Bank plans to continue operations at the Kerrville branch and retain current staff to streamline the transition and maintain continuity. … Read more
Linda Somerville, vice president of marketing at Fredericksburg-based Security State Bank & Trust is retiring at the end of the month after 30 years at the bank and 37 years in banking. She led the marketing efforts of the bank’s 16 branches from her office in Kerrville. In retirement, she plans to spend more time on … Read more
On October 21, San Antonio-based Southwest Bancshares Inc., the bank holding company for The Bank of San Antonio, closed its merger of three affiliated banks, creating a unique Central Texas banking franchise. In connection with the closing of the transaction, Capitol of Texas Bancshares, the holding company for The Bank of Austin, and Texas Hill … Read more