TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On May 29, Toronto-based Bank of Nova Scotia (Scotiabank) announced that it has entered into a definitive agreement to acquire Dallas-based Maple Financial Holdings Inc., parent company of MapleMark Bank. MapleMark Bank has offices in Dallas and Tulsa, Oklahoma. MapleMark Bank reported assets just over $1 billion and $826 million in deposits as of March, … Read more
First Guaranty Bancshares Inc., the parent company of Hammond, Louisiana-based First Guaranty Bank, has entered into a purchase and assumption agreement for the sale of its Texas operations to Muskogee, Oklahoma-based Armstrong Bank, according to S&P Global Market Intelligence. The transaction, already approved by the boards of both companies, is expected to close in the … Read more
In 2020, there were just four bank failures in the U.S., despite the extraordinary economic circumstances brought on by the pandemic. Only about 5 percent of banks nationwide were unprofitable, according to data from the FDIC and approximately 53 percent of banks reported annual increases in profits in 2020. There are more than 5,000 banks … Read more
S&P Global Market Intelligence released its annual rankings for 2020’s best-performing community banks with assets between $3 billion and $10 billion and community banks with assets less than $3 billion, as well as top-performing credit unions. “Despite going through a challenging year filled with economic uncertainty, we have seen community banks and credit unions play … Read more