TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The TDB reports that Oakwood Bank, based in Dallas, has completed its merger into b1BANK, based in Baton Rouge, Louisiana. Branches The OCC reports that First National Bank Texas, based in Killeen, has applied to establish a new branch at 1192 W. Dallas, Ste. A, in Conroe. The OCC reports that it … Read more
On October 16, Jeff Austin III, chairman of the board of Jacksonville-based Austin Bank, announced that Austin Bancorp Inc., the bank’s parent company, has entered into an agreement to acquire Houston-based Chasewood Bank. Chasewood Bank serves northern Harris County with two locations and reports assets of approximately $88 million. The merger is expected to close … Read more
On October 1, El Paso-based WestStar Bank and Chicago, Illinois-based Hub International Limited, a leading global insurance brokerage and financial services firm, jointly announced the sale of the assets of WestStar Insurance Agency Inc. to Hub. Located in El Paso, WestStar Insurance is a subsidiary of WestStar Bank. It has focused on business insurance, employee … Read more
Branches The OCC reports that it has approved an application by American First National Bank, based in Houston, to relocate a branch from 240 Legacy Dr., Ste. 112, in Plano to 1908 K Ave. in Plano. The TDB reports that Frost Bank, based in San Antonio, has applied to establish a branch at 19019 IH 35 in … Read more
Branches The OCC reports that Broadway National Bank, based in San Antonio, has established a branch at 8333 Douglas Ave., Ste. 100, in Dallas. The OCC reports that it has approved an application by Home Bank NA, based in Lafayette, Louisiana, to establish a branch at 110 Vintage Park Blvd., Ste. 100, in Houston. The … Read more
Branches The OCC reports that Amarillo National Bank, based in Amarillo, has established a branch at 1700 Coulter in Amarillo. The OCC reports that it has approved an application by VeraBank NA, based in Henderson, to establish a branch at 3002 Barron Rd. in College Station. The OCC reports that it has approved an application … Read more
On September 19, Liberty Capital Bancshares Inc., the holding company for Addison-based Liberty Capital Bank, announced its plans to merge with Southwestern Bancorp Inc., the holding company for Boerne-based Texas Heritage Bank. The merger is based upon long-standing respect and mentorship between Texas Heritage Bank principals Jack Griggs and Steve Mack and the co-founder of Liberty … Read more
In September, Business First Bancshares, the holding company for Baton Rouge, Louisiana-based b1BANK, received regulatory approvals to complete its merger with Oakwood Bancshares, the holding company for Dallas-based Oakwood Bank, a Texas banking association. “We appreciate our regulatory partners’ efficient review of the proposed transaction as well as the strong affirmation expressed by the Oakwood … Read more
Conversions The TDB reports that Sunflower Bank NA, based in Dallas, has applied to convert to a Texas state charter under the name Sunflower Bank. Branches The OCC reports that it has approved an application by American Bank NA, based in Corpus Christi, to establish a branch at 101 N. Shoreline in Corpus Christi. The … Read more
Branches The OCC reports that it has approved applications by Bank of America NA, based in Charlotte, North Carolina, to establish the following branches: 401 N. Hwy. 77, Ste. 20, in Waxahachie and 2408 McKinney Ave. in Dallas. The agency also reports that it has approved an application by Bank of America to relocate a … Read more