article thumbnail

Houston-area credit union buying bank to expand in energy lending

American Banker

Texas Dow Employees Credit Union has agreed to acquire Sabine State Bank and Trust in Louisiana to raise its profile in the oil-and-gas industry. The deal coincides with record levels of U.S. drilling this year.

Houston 77
article thumbnail

15 Minutes With … Jimmy Rasmussen

Independent Banker

Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. Finally, I focus on economic news in our markets, which include five communities south of Houston. The Houston region has seen substantial layoffs, and the daily headlines predict more will be announced.

Dallas 131
article thumbnail

Fintech Fundings: 22 Companies Raise $160 Million Week Ending March 11

Fintech Labs Insights

million for its SMB alt-lending service. HQ: Baton Rouge, Louisiana. HQ: Houston, Texas. Tags: Consumers, SMB, lending, underwriting, investing, credit. And more telling, the number of deals is up 90% (249 vs. 130 in 2015). TradeShift added $20 million for its trade finance platform. D3 Banking borrowed $4.5 StockViews.