TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
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
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
On August 27, Champaign, Illinois-based First Busey Corp., the holding company for Busey Bank, and Leawood, Kansas-based CrossFirst Bankshares Inc., the holding company for CrossFirst Bank, announced their plan to merge, pursuant to which CrossFirst will merge with and into Busey in an all-common stock transaction valued at approximately $916.8 million, based on Busey’s closing … Read more
Branches The OCC reports that it has approved an application by Wells Fargo Bank NA, based in Sioux Falls, South Dakota, to establish a branch at the southwest corner of Hwy. 423 and Hwy. 380 in Frisco. The agency also reports that it has approved an application by Wells Fargo Bank to relocate a branch … Read more
Branches The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established a branch at 3910 W. State Hwy. 31 W in Corsicana. The OCC reports that Home Bank NA, based in Lafayette, Louisiana, has applied to establish a branch at 110 Vintage Park Blvd., Ste. 100, in Houston. The OCC reports … Read more