On March 13, Texas Banking Commissioner Charles G. Cooper announced that Humble-based Third Coast Bank SSB has completed its conversion to a Texas state-chartered bank from a state savings bank. The bank, a wholly owned subsidiary of Third Coast Bancshares Inc., was originally chartered in 2008 and enters the Texas Department of Banking’s portfolio with approximately $4.4 billion in assets and no interruption or change in its FDIC deposit insurance coverage.
In addition to its main office in Humble, the bank operates 15 branches in Texas. CEO and President Bart O. Caraway continues to lead the bank’s executive team following the conversion.
“We welcome Third Coast Bank to the Texas state banking system and commend its 16-year commitment to providing its customers with safe and sound financial services,” Cooper says.
