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
American Banker has released its 2025 list of the “Best Banks to Work For,” which includes 13 banks based in Texas and banks that do significant business in the Lone Star State. The 2025 list of the 90 best banks has a few newcomers, including the one that nabbed the No. 1 spot—Wood & Huston … 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 December 3, Lubbock-based Peoples Bank participated in the national Giving Tuesday annual event by presenting donations to several local nonprofit organizations. The community service project was announced by Larry Allen, chair and CEO. The charities that received Peoples Bank donations included: Bounce Back Global CASA of Hill County Future of Nazareth High Point Village … Read more
American Banker has released its 2024 list of the “Best Banks to Work For,” which includes nine banks based in Texas. Northbrook, Illinois-based First Bank Chicago was ranked No. 1 in this year’s list among 90 banks in the 12th annual ranking. The banks on the 2024 list range in size from the 52-employee First … Read more
Larry Allen, chairman and CEO of Lubbock-based Peoples Bank, has announced banking officer promotions for two employees. Kolton Bishop has been promoted to banking officer. He has been with Peoples Bank for five years and serves as a credit specialist at the bank’s 82nd St. location in Lubbock. Bishop received a BBA degree in marketing … Read more
Lubbock-based Peoples Bank recently celebrated 25 years of service. The bank was established in 1999 when a group of investors led by Larry Allen and Todd McKee purchased Lorenzo State Bank in Lorenzo, which held a charter established in 1968. In 2000, the bank built its headquarters on 82nd St. in Lubbock. By 2005, the headquarters … Read more
On August 13, Matthew Knies, North Texas market president for Lubbock-based Peoples Bank, announced the addition of Reggie Love to the team. He will serve as branch president and commercial lender at the bank’s Princeton location. Love has been in banking for 22 years serving in many capacities. He earned a bachelor’s degree from Centenary College … Read more
Larry Allen, CEO and chairman of Lubbock-based Peoples Bank, announced that Kevin Petty, Seminole market president, has been appointed to the bank’s board of directors. Petty was instrumental in launching the Seminole branch and has led the team there since its opening in 2019. A Dimmitt native, Petty earned a bachelor’s degree in ag economics … Read more