TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Larry Allen, area chairman of Lubbock-based Peoples Bank, has announced the promotion of Marcus Brockman to rural markets president. He has been with Peoples Bank for 21 years. Brockman grew up in Nazareth and helped open the Peoples Bank branch there. He has been serving customers in that community as a lender since the Nazareth … Read more
On March 2, Cornerstone Capital Bancorp Inc., the holding company for Houston-based Cornerstone Capital Bank, announced the successful completion of its acquisition of Peoples Bancorp Inc., the holding company for Lubbock-based Peoples Bank. The combined organization now holds more than $3.4 billion in assets. All acquired branches remain open as Peoples Bank, a division of Cornerstone … Read more
On October 16, Cornerstone Capital Bancorp Inc., the holding company for Houston-based Cornerstone Capital Bank, and Peoples Bancorp Inc., the holding company for Lubbock-based Peoples Bank, announced the signing of a definitive agreement under which Cornerstone will acquire Peoples. This transaction marks Cornerstone’s first bank acquisition since its merger with Roscoe Bank in 2022. Upon … Read more
On May 3, Lubbock-based Peoples Bancorp Inc., the parent company of Peoples Bank, announced the successful closing of the previously announced acquisition of Seymour-based Baylor Bancshares Inc., the parent company of the First Bank & Trust. The merger agreement was unanimously approved by the boards of directors of both bank holding companies and their subsidiary banks … Read more