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Texas digital-only bank offers miles instead of interest

Bank Innovation

As digital banks strive to lock in customers, a Texas-based newcomer to the industry is betting on travel miles as an incentive. Bask Bank, a fee-free digital savings bank created and funded by Texas Capital Bank, launched earlier this week with “thousands of customers.”

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Farm credit trade associations file motion seeking to intervene in Texas lawsuit challenging CFPB small business lending rule

CFPB Monitor

Last week, three farm credit trade associations filed the latest in a series of unopposed emergency motions for leave to intervene in the Texas case challenging the Consumer Financial Protection Bureau’s (“CFPB”) final small business lending rule implementing Section 1071 of the Dodd-Frank Act (Rule).

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New year appointments: Texas Capital Bank, Peoples Bank, First Financial, Cetera

Banking Exchange

Former head of Citigroup Wealth Advisors to join Texas Capital in newly-created role Management Feature Human Resources Financial Trends Feature3.

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Texas Capital reports 53% jump in criticized loans, plans for more

American Banker

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

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Gulf Capital, a ‘de novo’ bank, to launch without legacy tech

Bank Innovation

Gulf Capital Bank, Houston’s first new bank to launch since 2009, will open its doors by early next year. It confirmed on Monday that it received conditional approval from the Texas Department of Banking and the Federal Deposit Insurance Corporation.

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Fee income was upside surprise at regionals, including Texas Capital

American Banker

Dallas-based Texas Capital stood out from the pack, reporting a large uptick in fee income thanks largely to its new investment banking platform. Median noninterest income at midsize banks rose 7.2% in the second quarter, exceeding expectations.

Texas 36
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New Uber Hub To Create 3K New Jobs In Texas

PYMNTS

The project will create 3,000 new jobs and more than $75 million in capital investment. “I I am proud to welcome Uber’s investment in the great state of Texas, along with the 3,000 jobs the company will bring to its new Dallas office,” Abbott said in a press release. General and Administrative Hub in Dallas.

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