TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On May 21, Albany-based Clear Fork Bank announced the appointment of James Arnold as the bank’s next president and chief executive officer. Tim Cooper will continue serving in a leadership role supporting the transition. Under Cooper’s leadership, Clear Fork Bank experienced historic growth, surpassing $1 billion in assets while expanding its presence and impact in … Read more
On May 13, Lubbock-based Victory Bank announced that it has entered a definitive agreement to acquire a 40 percent ownership stake in McDonald Capital Management (MCM), a Lubbock-based, fee-only investment management firm with more than $350 million in assets under management. The agreement marks Victory Bank’s formal entry into wealth management. Established in 1990, McDonald … Read more
Dallas-based PlainsCapital Bank has hired Jeannie Vernetti, CTFA FPQP, to join The Private Bank at PlainsCapital as vice president/ wealth management administrator. She will be based at the bank’s 50th and University location in Lubbock. Vernetti joins PlainsCapital Bank with more than 20 years of experience in trust and wealth management. Most recently, she served … Read more
After 30 years at Odessa-based SouthWest Bank and a remarkable 60-year career in banking, Toby Tripp, trust and wealth manager, is retiring. Tripp has been with SouthWest Bank since the very beginning, playing a key role in the bank’s growth and success. As trust and wealth manager, his leadership and expertise helped build a legacy of … Read more
Dallas-based PlainsCapital Bank announced that it has hired two bankers to serve on the bank’s relationship management teams in The Woodlands and Denton. Jamie Ballard, CTP, has joined the bank as senior vice president/senior relationship manager. He will office out of The Woodlands branch at 1699 Research Forest Dr., Ste. 100. Ballard brings more than … Read more
Larry Allen, area chairman of Lubbock-based Peoples Bank, has announced the promotion of Marcus Brockman to rural markets president. He has been with Peoples Bank for 21 years. Brockman grew up in Nazareth and helped open the Peoples Bank branch there. He has been serving customers in that community as a lender since the Nazareth … Read more
In mid-March, Midland-based Community National Bank announced numerous officer promotions and market president appointments. Sterling Swack has been named the Lubbock market president, bringing with him more than 14 years of banking experience. He has been a member of the Community National Bank team since 2017, most recently serving as Odessa market president, where he … Read more
Dallas-based PlainsCapital Bank has hired Reid Wendell to serve as senior vice president/senior relationship manager. Based at the bank’s Kirby location in Houston, he brings 15 years of commercial banking experience to his new role. Wendell oversees a portfolio of commercial clients, builds new banking relationships and leads analysts who support portfolio management. Wendell previously … Read more
On March 2, Cornerstone Capital Bancorp Inc., the holding company for Houston-based Cornerstone Capital Bank, announced the successful completion of its acquisition of Peoples Bancorp Inc., the holding company for Lubbock-based Peoples Bank. The combined organization now holds more than $3.4 billion in assets. All acquired branches remain open as Peoples Bank, a division of Cornerstone … Read more
The Texas Tech School of Banking will convene its 2026 program the week of August 9–14 at the Rawls College of Business on the campus of Texas Tech University in Lubbock. For 51 years, the school has partnered with hundreds of community banks to bring together thousands of bankers seeking to advance their careers as … Read more