TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On November 30, longtime West Texas banker John E. Grist acquired a controlling interest in Snyder-based West Texas State Bank, according to the Odessa American. Grist assumed the positions of chairman and chief executive officer. Mark Williamson will remain as president and continue to serve on the board, while Darryl Calley will continue to serve as executive vice … Read more
In a joint statement on October 29, J. Pat Hickman, chairman of Amarillo-based Happy State Bank, and Tommy Gunstream, chairman of Muleshoe-based Muleshoe Bancshares Inc., announced that Happy State Bank is acquiring Muleshoe Bancshares Inc. and its subsidiary, First Bank of Muleshoe, through a series of mergers. A Texas state bank, First Bank of Muleshoe … Read more
On October 21, San Antonio-based Southwest Bancshares Inc., the bank holding company for The Bank of San Antonio, closed its merger of three affiliated banks, creating a unique Central Texas banking franchise. In connection with the closing of the transaction, Capitol of Texas Bancshares, the holding company for The Bank of Austin, and Texas Hill … Read more
HC3, a data-driven technology company based in Birmingham, Alabama, that delivers unique customer communications, has acquired Alabama-based Banc Statements Inc. (BSI), a company that specializes in printing and mailing demand-deposit and savings account statements for community banks. Beginning October 1, all work contracted through BSI will continue operation as HC3. HC3—in business for 58 years—helps … Read more
Louise-based Louise Bancshares Inc. and its wholly owned subsidiary, The First State Bank, and Dilley-based Dilley State Bank announced on September 1 that they have entered into an agreement whereby Louise Bancshares Inc. would acquire Dilley State Bank. Upon closing of the transaction, expected in the fourth quarter of 2020, Dilley State Bank will become … Read more
Arlington-based BancAffiliated Inc., the sole shareholder of Affiliated Bank National Association, and Odessa-based Odessa SouthWest Bancshares Inc., the sole shareholder of SouthWest Bank, have mutually agreed to terminate their merger agreement, previously announced last December. The termination is in response to the extreme uncertainty resulting from the global health crisis caused by the COVID-19 pandemic and … Read more
On August 25, Texas Heritage Bancshares Inc., the parent company of Hondo National Bank, and Medina Community Bancshares Inc., the parent company of Hondo-based Community National Bank, jointly announced the signing of a definitive agreement to combine the two holding companies into Texas Heritage Bancshares. The merger agreement was unanimously approved by the board of … Read more
On July 20, Conroe-based Spirit of Texas Bancshares Inc., the holding company for Spirit of Texas Bank, announced that the bank has entered into a branch purchase-and-assumption agreement to sell its Clear Lake location to Galveston-based Moody National Bank. “Moody will obtain a book of business that they can successfully build on in the Moody … Read more
In July, C.K. Lee was appointed president and chief operating officer of Oklahoma City-based InterBank. He will oversee operations and become part of a five-member executive management team. Capital planning, as well as mergers and acquisitions, are also part of Lee’s new responsibilities. Since 2017, he has worked on at least eight whole bank and … Read more
The spread of the coronavirus presents considerable risks to the world economy in general and the banking industry specifically. By some estimates, China saw economic activity cut in half as it worked to treat those infected by the virus and control its spread. World economic activity may rebound quickly if the virus is effectively contained, … Read more