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.
McKinney 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
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
Mississippi-based BancorpSouth Taps Odom as Community Bank President in McKinney
Tupelo, Mississippi-based BancorpSouth Bank has named Jennifer Odom community bank president in McKinney. She oversees the banking operations of the McKinney Eldorado Parkway branch, as well as the bank’s local community involvement and business development efforts. Odom joined BancorpSouth in 2019 and has more than 17 years of experience in residential and commercial lending. She most recently served … Read more
Independent Financial Names Wade Chief Digital Officer
McKinney-based Independent Financial has named Bill Wade chief digital officer, tapping him to lead the bank’s digital and key technology initiatives. He will lead a team focusing on digital innovation, data assets, data analytics, workflow automation and system integration. Wade has more than 35 years of experience in financial and business consulting technology, including 11 years … Read more
Oklahoma-Based Valliance Bank Names Bruhn Chief Lending Officer
Oklahoma City, Oklahoma-based Valliance Bank, which operates Texas locations in McKinney and Fort Worth, announced that Shelby Bruhn has been elected chief lending officer and executive vice president by the board of directors. He joined the bank in 2016 and has more than 20 years of experience. Bruhn has served as Texas market president and commercial lender … Read more
Independent Financial Announces Construction of Second Phase to Corporate Headquarters
On January 19, Independent Financial, a financial services company with 93 locations across Texas and Colorado, announced that construction has begun on phase two of the company’s headquarters in McKinney. The companies making the announcement also included the City of McKinney, McKinney Economic Development Corp. and KDC, a corporate build-to-suit development and investment firm. The … Read more
Independent Bankers Association of Texas Honors Temple with 2020 Chairman’s Award
The Independent Bankers Association of Texas (IBAT) recently honored Robb Temple with the IBAT Chairman’s Award. Temple, chief government affairs officer at McKinney-based Independent Financial, was presented this prestigious award during the 2020 IBAT unCONVENTIONal, the association’s 46th annual Convention presented virtually in early October. The IBAT Chairman’s Award is the association’s highest honor, selected solely … Read more