Houston-based Cornerstone Capital Bank to Acquire West Texas-based Peoples Bank

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

American Momementum Announces a New Hire and Promotion in West Texas

College Station-based American Momentum Bank announced a new hire and a promotion in July. The bank has hired Scott Winchell to serve as senior vice president/market president for Andrews. He will focus on community development, lending and risk management for the Andrews, Seminole and greater Permian Basin markets. Winchell brings nearly 20 years of banking … Read more

Petty, Peoples Bank Seminole Market President, Appointed to Bank’s Board

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