TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On October 1, Prosperity Bancshares Inc., the parent company of Houston-based Prosperity Bank, and Southwest Bancshares Inc., the parent holding company of San Antonio-based Texas Partners Bank, jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire Southwest Bancshares and Texas Partners Bank. The merger is expected to close during the first … Read more
Prominent San Antonio banker James Bruce Bugg Jr. passed away on August 6 following complications from a back surgery after a private battle with cancer. He was 70 years old. At the time of his passing, Bugg was serving in his second term on the Texas Transportation Commission. Texas Governor Greg Abbott appointed Bugg to … Read more
Rachel Slade has joined San Antonio-based Texas Partners Bank as vice president/treasury solutions relationship manager. She has 19 years of experience in financial services and expertise in management, private and business banking. Slade previously served as Nashville area manager/business banker at Legends Bank in Nashville, Tennessee, for more than five years. Prior to that, she … Read more
Sherita Graves has been promoted to executive vice president and chief risk officer at San Antonio-based Texas Partners Bank. Previously serving as senior vice president and director of risk management, she has been with the bank for more than seven years. With more than 18 years of experience in compliance and risk management, before joining … Read more
Paul Davidson has joined San Antonio-based Texas Partners Bank to serve as chief banking officer. With more than 40 years of experience in the banking industry, he specializes in developing and implementing sales and growth strategies that create transformative opportunities. Prior to joining Texas Partners Bank, Davidson was regional chair and Houston market president at … Read more
Loan Production Offices The OCC reports that it has approved an application by First National Bank Texas, based in Killeen, to establish a loan production office at 641 N. Stanton Dr. in El Paso. Branches The OCC reports that it has approved an application by Woodforest National Bank, based in The Woodlands, to establish a … Read more
Mergers and Acquisitions The TDB reports that Independent Bank, based in McKinney, has applied to merge into SouthState Bank NA, based in Winter Haven, Florida. Main Offices The OCC reports that it has approved an application by The First National Bank of Eagle Lake, based in Eagle Lake, to relocate its home office from 100 … Read more
Mergers and Acquisitions The TDB reports that Sunflower Bank, based in Dallas, has withdrawn its application to merge with HomeStreet Bank NA, based in Seattle, Washington, and has also withdrawn its application to convert to a national association. Branches The OCC reports that VeraBank NA, based in Henderson, has applied to establish a branch at … Read more
Mergers and Acquisitions The TDB reports BOM Bank, based in Natchitoches, Louisiana, has acquired the following branches of American State Bank, based in Arp: 13218 U.S. Hw.y 84 E in Joaquin; 830 N. 1st St. in Timpson; 163 Casscaid St. in Center, TX; 3001 S. John Redditt Dr. in Lufkin; 1601 S. Chestnut St. in … Read more
Mergers and Acquisitions The TDB reports that it has approved an application by Producer Acquisition Corp., based in Beaumont, to establish a bank holding company by acquiring Powell State Bank, based in Powell. Main Offices The OCC reports that The First National Bank of Eagle Lake, based in Eagle Lake, has applied to relocate its … Read more