TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The TDB reports that Roscoe State Bank, based in Roscoe, has applied to merge with Cornerstone Home Lending, based in Houston, under the name Cornerstone Capital Bank SSB. The OCC reports that it has approved an application by First National Bank of Aspermont, based in Aspermont, to purchase a branch from Vista Bank, based … Read more
On June 28, the board of directors of Plains Bancorp Inc., the parent company of Dimmitt-based First United Bank, announced that the company has entered into a definitive agreement with Childress Bancshares Inc., the parent company of First Bank and Trust of Childress, whereby First United Bank will acquire First Bank and Trust. Following the … Read more
Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has established a branch at 5440 El Dorado Blvd. in Houston. The OCC reports that Bank of America National Association, based in Charlotte, North Carolina, has applied to establish a branch at 2726 E. Berry St. in Fort Worth. … Read more
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.
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
On June 3, Dallas-based First Foundation Inc., a financial services company with two operating subsidiaries, First Foundation Advisors and First Foundation Bank, and Naples, Florida-based TGR Financial Inc., the holding company of First Florida Integrity Bank, jointly announced the execution of a definitive agreement under which TGR Financial will merge into First Foundation in an … Read more
Pittsburgh, Pennsylvania-based PNC Bank NA recently announced that Dillan Knudson has been named regional president/head of commercial banking in Austin. PNC Financial Services Group Inc., PNC Bank’s parent company, completed its acquisition of BBVA USA Bancshares Inc., the parent company of BBVA USA, on June 1. Knudson most recently served as Houston CEO for BBVA … Read more
Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced that it has signed a definitive agreement to acquire Roscoe-based Roscoe State Bank. These two family-owned companies with nearly 150 years in business will combine to create an organization holding approximately $2 billion in assets and more than $300 million in equity … Read more
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
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