Amegy Bank of Texas in Houston has promoted Laif Afseth from executive director of commercial and industrial lending to president of the company.
As president, Afseth "will continue to maintain a significant role in defining and implementing Amegy's strategic direction, supervising risk management and managing several lending groups," the $14 billion-asset energy lender said in a press release Monday.
Afseth's responsibilities in C&I lending included managing Amegy's energy group. Before joining Amegy as a commercial lender in 2003, Afseth was an executive with the syndicated finance group at JPMorgan.
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Zions Bancorp. on Monday reported improvement in its net interest margin and noninterest revenue, along with progress in regards to the Volcker Rule and its funding mix. But at Zions, as at other banks, progress was overshadowed by concerns over falling oil prices.
January 27 -
Banks reassess the borrowing capacity of oil exploration and production companies twice a year. The spring round of energy loan redeterminations is scheduled to begin in April. Will banks successfully use this process to de-risk?
March 9 -
Zions Bancorp. in Salt Lake City reported increased quarterly earnings that reflected higher net interest income.
April 25
Amegy, a subsidiary of the $58.2 billion-asset Zions Bancorp. in Salt Lake City, also said Monday that Dave Stevenson, the bank's director of private and community banking, has been named market president for the Houston region. He will focus on "growing the bank's commercial, retail, business banking and private banking business in the greater Houston area," Amegy said.
"Adding these key positions to our organizational structure will reinforce and expand Amegy's commitment to decisive local leaders our clients value," Amegy's CEO, Steve Stephens, said in the release.
