News Topic: texas

The companies took a pause from merger discussions when the pandemic hit to evaluate their individual circumstances. ... Read full article

Haegelin spent several decades in the credit union movement, including helping found the nonprofit Credit Unions for Kids. ... Read full article

The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers. ... Read full article

Ryan Ross will take over as CEO of the San Antonio, Texas-based institution for Bob Glenn, who is retiring. ... Read full article

Go Federal Credit Union CEO Bert Beal will take the helm of the combined institution once they join America's Credit Union. ... Read full article

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year. ... Read full article

Social distancing and other pandemic-related measures are making it harder for banks in the Gulf region to rely on tried-and-true contingencies. ... Read full article

Texas lawyers have long bemoaned the tendency of large Texas-based companies to file bankruptcy in Delaware or New York. However, with the collapse in oil prices and the impact of Covid-19 on retail, many large companies are seeking to restructure in ... Read full article

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado. ... Read full article

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions. ... Read full article

Bankers had asserted in April that they could handle a slump in oil prices tied to the coronavirus pandemic. Continued volatility, combined with declining collateral values and a rise in bankruptcies for exploration companies, is denting their confidence. ... Read full article

Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities. ... Read full article

CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act. ... Read full article

Anita Gail Moody, who was president of Enloe State Bank, admitted to creating phony loan documents — and setting a fire to destroy them — before the bank was shuttered in May 2019. ... Read full article

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday. ... Read full article

Texas Capital said that Keith Cargill had also stepped down as its president and CEO. ... Read full article

Dean Bass, chairman and CEO of Spirit of Texas Bancshares, had taken a leave of absence after contracting COVID-19. ... Read full article

Spirit of Texas Bancshares named an interim CEO for Dean Bass, though the company said he is recovering. ... Read full article