TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
First Guaranty Bancshares Inc., the parent company of Hammond, Louisiana-based First Guaranty Bank, has entered into a purchase and assumption agreement for the sale of its Texas operations to Muskogee, Oklahoma-based Armstrong Bank, according to S&P Global Market Intelligence. The transaction, already approved by the boards of both companies, is expected to close in the … Read more
On February 5, Terrell-based American National Bank of Texas (ANBTX) announced the promotion of Chris Cronin to president. Cronin, who has been with ANBTX for more than 37 years, most recently served as senior executive vice president and chief operating officer. Robert Hulsey will continue to lead the bank and serve as chief executive officer … Read more
The board of directors of Abilene-based First Financial Bank has announced the election of Jeff Vorhees to serve as executive vice president and treasurer. Vorhees most recently served as director of corporate treasury at McKinney-based Independent Financial, a $19 billion public bank. Prior to that, he held positions in asset liability management consulting, investment banking … Read more
Mergers and Acquisitions The OCC reports that it has approved an application by SouthState Bank NA, based in Winter Haven, Florida, to acquire Independent Bank, dba Independent Financial, based in McKinney. The TDB reports that it has approved an application by Powell State Bank, based in Powell, to be acquired by Producer Acquisition Corp. The … Read more
Loan Production Offices The OCC reports that it has approved an application by First National Bank Texas, based in Killeen, to establish a loan production office at 641 N. Stanton Dr. in El Paso. Branches The OCC reports that it has approved an application by Woodforest National Bank, based in The Woodlands, to establish a … Read more
Mergers and Acquisitions The TDB reports that Independent Bank, based in McKinney, has applied to merge into SouthState Bank NA, based in Winter Haven, Florida. Main Offices The OCC reports that it has approved an application by The First National Bank of Eagle Lake, based in Eagle Lake, to relocate its home office from 100 … Read more
Mergers and Acquisitions The TDB reports that Sunflower Bank, based in Dallas, has withdrawn its application to merge with HomeStreet Bank NA, based in Seattle, Washington, and has also withdrawn its application to convert to a national association. Branches The OCC reports that VeraBank NA, based in Henderson, has applied to establish a branch at … Read more
To honor regional banks that positively impact their communities, Newsweek and Plant-A Insights Group publish an annual list of “America’s Best Regional Banks [and Credit Unions]”* every December. The publication’s 2025 list includes 46 regional banks that operate in Texas, with 39 banks based in the Lone Star State. As Newsweek states, “Regional banks…are the … Read more
Mergers and Acquisitions The TDB reports BOM Bank, based in Natchitoches, Louisiana, has acquired the following branches of American State Bank, based in Arp: 13218 U.S. Hw.y 84 E in Joaquin; 830 N. 1st St. in Timpson; 163 Casscaid St. in Center, TX; 3001 S. John Redditt Dr. in Lufkin; 1601 S. Chestnut St. in … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Producer Acquisition Corp., based in Beaumont, to establish a bank holding company by acquiring Powell State Bank, based in Powell. Main Offices The OCC reports that The First National Bank of Eagle Lake, based in Eagle Lake, has applied to relocate its … Read more