May 30–June 5, 2021
Mergers and Acquisitions The TDB reports that Happy State Bank, based in Happy, has completed its acquisition of First National Bank of Tahoka, based in Tahoka.
Laredo Texas
May 23–29, 2021
Home Office The TDB reports that it has approved an application by WestStar Bank, based in El Paso, to relocate its home office from 500 N. Mesa in El Paso to 601 N. Mesa in El Paso. Branches The OCC reports that it has approved an application by Austin Bank National Association, based in Jacksonville, … Read more
May 16–22, 2021
Branches The OCC reports that PNC Bank National Association, based in Wilmington, Delaware, has established the following branches: 3311 E. Broad St., Ste. 101, in Mansfield; 3630 W. University Dr. in McKinney; and 4001 Matlock Rd. in Arlington. The OCC reports that it has approved an application by Bank of America National Association, based in Charlotte, North Carolina, to … Read more
May 9–15, 2021
Branches The OCC reports that Newfirst National Bank, based in El Campo, has applied to relocate a branch from 609 N. Wells in Edna to 711 N. Wells in Edna. The TDB reports that Frost Bank, based in San Antonio, has established a branch at 2982 Fulton St. in Houston. The TDB reports that it has approved an application by Alliance … Read more
May 2–8, 2021
Home Office The TDB reports that WestStar Bank, based in El Paso, has applied to relocate its home office from 500 N. Mesa in El Paso to 601 N. Mesa in El Paso. Branches The OCC reports that Texas Republic Bank National Association, based in Frisco, has established a branch at 1212 S. Preston Rd., … Read more
Forbes 2021 Best Bank List Includes Eight Based in Texas
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
IBC Bank Promotes Valdez to Bank Officer
On March 2, Laredo-based IBC Bank announced the promotion of Ernesto Valdez, commercial portfolio manager, to bank officer. As a bank officer in the commercial lending department, he will be responsible for maintaining a client loan portfolio of more than 300 accounts, as well as obtaining new loans. He will also be one of the … Read more
IBC Bank’s Schwebel Receives AEM San Antonio Legacy Award
On December 17, Gerald “Gerry” Schwebel, executive vice president at Laredo-based IBC Bank, was presented the Asociación de Empresarios Mexicanos (AEM) San Antonio Legacy Award. The AEM San Antonio Legacy Award recipient is selected by the AEM board of directors to recognize a local business leader who has demonstrated continuous support of the association and … Read more
IBC Bank Mourns Passing of Fred W. Rusteberg
Laredo-based IBC Bank is mourning the loss of banking veteran, community leader and founding president and CEO of IBC Bank-Brownsville, Fred W. Rusteberg, who passed away on July 19. He was 74. He retired in 2016, after more than four decades in the banking industry. He founded the first IBC Bank in Cameron County, the … Read more