TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
Mergers and Acquisitions The OCC reports that it has approved an application by The Hondo National Bank, based in Hondo, to merge with Community National Bank, based in Hondo, and operate under the new name TXN Bank National Association. The TDB reports that Citizens State Bank, based in Somerville, has completed its acquisition of Burton … Read more
The Independent Bankers Association of Texas (IBAT) announced that George “Cliff” McCauley, executive vice president/correspondent banking at San Antonio-based Frost Bank, is the newest addition to the IBAT Wall of Heroes and Legends of Texas Community Banking located at the organization’s headquarters in downtown Austin. The Wall of Heroes and Legends is reserved for special … Read more
The Federal Reserve Bank of Dallas recently announced appointments and reappointments to its branch boards in San Antonio, Houston and El Paso. As board members, these individuals provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions. Each of these branch boards consists of seven members—four appointed by the Dallas … Read more
Home Office Relocation The TDB reports that Freedom Bank has applied to relocate its home office from 902 E. Riley St. in Freer to an existing branch at 533 N. Alamo Rd. in Alamo and maintain the branch at 902 E. Riley St. in Freer. Branches The TDB reports that it has approved an application … Read more
Mergers and Acquisitions The TDB reports that Texas Bank, based in Brownwood, has applied to merge with Texas Bank Financial, based in Weatherford. Branches The OCC reports that Bank of America National Association, based in Charlotte, North Carolina, has applied to establish a branch at 11050 US Hwy. 380 in Cross Roads. The OCC reports … Read more
Branches The TDB reports that WestStar Bank, based in El Paso, has established a branch at 12160 Pebble Hills in El Paso. The TDB reports that Security State Bank & Trust, based in Fredericksburg, has applied to establish a branch at 3973 W. Vickery Blvd., Ste. 102 and 103, in Fort Worth. The TDB reports … Read more
On October 29, Charles “Charlie” E. Cheever Jr., chairman emeritus of San Antonio-based Broadway Bank, passed away at the age of 93. Born on an army base in Manila, Philippines, Charlie, as he was best known, was the son of Broadway Bank founders Col. Charles E. Cheever Sr. and Elizabeth Cheever. A West Point graduate, Cheever … Read more
Mergers and Acquisitions The OCC reports that The Hondo National Bank, based in Hondo, has applied to merge with Community National Bank, based in Hondo, with the resulting bank to be named TXN Bank National Association. Branches The OCC reports that Wells Fargo Bank National Association, based in Sioux Falls, South Dakota, has established a … Read more
Branches The TDB reports that The First State Bank, based in Abernathy, has established a branch at 100 E. Hamilton St. in Stamford. The TDB reports that it has approved an application by Grandview Bank, based in Grandview, to establish a branch at 2500 S.W. Wilshire Blvd. in Burleson. The TDB reports that Security State … Read more
On October 25, San Antonio-based Frost Bank announced that it has made an equity investment of $500,000 into the Austin Housing Conservancy Fund (AHC) to support workforce-affordable rental housing in the rapidly growing Austin metropolitan area. AHC, founded in 2016, is an equity fund focused on purchasing multifamily properties and preserving them as affordable housing … Read more