TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
In mid-March, Midland-based Community National Bank announced numerous officer promotions and market president appointments. Sterling Swack has been named the Lubbock market president, bringing with him more than 14 years of banking experience. He has been a member of the Community National Bank team since 2017, most recently serving as Odessa market president, where he … Read more
On March 30, Texas Banking Commissioner Charles G. Cooper announced that Yoakum-based Yoakum National Bank has completed its conversion to a Texas state-chartered bank from a national banking association. Under its new charter, the bank will begin operating as Yoakum Bank. The bank, a wholly owned subsidiary of Yoakum National Bancshares Inc., was originally chartered … Read more
Herbert Lee Graham, a highly respected entrepreneur and visionary leader, passed away on September 25 at the age of 87. Born in 1938 in New Mexico, he relocated to Odessa in the late 1950s and would go on to leave a lasting impact on the region, including his ownership of Odesssa-based SouthWest Bank. Graham attended … Read more
On July 17, John E. Grist, president and CEO of Snyder-based West Texas State Bank, announced that the board of directors has appointed Justin Rosson as market president in Snyder. Rosson is a native of Snyder and a graduate of Lubbock Christian University. Grist also announced that Toby J. Latham has been promoted to senior … Read more
Lou Deane Littlefield has joined Odessa-based SouthWest Bank to serve as senior vice president/senior compliance officer. She oversees all of the bank’s compliance processes with an emphasis on Bank Secrecy Act and Community Reinvestment Act policies and procedures. With more than four decades of banking experience Littlefield previously worked as a CRA officer and compliance … Read more
On April 28, the board of directors of Odessa-based SouthWest Bank announced the promotion of Isaiah Navarrete from advisory director to full board member. Based in Odessa, Navarrete is an entrepreneur and business leader with a diverse background spanning lending, oil and gas, finance and construction. He is the owner of Cobra Coating, a partner … Read more
John E. Grist, chairman and CEO of Snyder-based West Texas State Bank, along with Chris Comer, Lubbock market president, announced two new officer hirings. Both join the team with experience in West Texas banking and both will office at the bank’s new branch at 7202 Slide Rd. in Lubbock. John E. Dolan joins the bank … Read more
On February 21, William E. Browning, chairman of Yoakum National BancShares Inc., the holding company of Yoakum National Bank, and Jim Smitherman, CEO of Yoakum National Bank, announced that a definitive agreement has been executed in which Yoakum National BancShares Inc., has agreed to acquire 100 percent of the issued and outstanding shares of common … Read more
On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock. Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will … 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