Spirit of Texas to enter San Antonio with Beeville purchase

BankThink

The company will pay $64 million jn cash and stock for First Beeville Financial. Community banking M&A Capital Growth strategies Texas

PenFed to Open a Regional Finance Center in San Antonio, Receives $2.5 Million Grant from State

Keith Leggett's Credit Union Watch

Texas Governor Greg Abbott announced on January 25 that McLean, VA-based Pentagon Federal Credit Union (PenFed) will open a new Regional Financial Center in San Antonio, Texas, pending local incentive approvals. The new facility is expected to create 571 new jobs and over $48 million in capital investment. A Texas Enterprise Fund (TEF) grant of up to $2,523,850, which includes a bonus for hiring veterans, has been extended to Pentagon Federal Credit Union.

USAA Rules Latest Net Promoter Score Survey

Bank Innovation

A study from Temkin Group released today puts San Antonio-Texas-based USAA head and shoulders above every other corporation in America in terms of Net Promoter Score.

Survey 274

Cullen/Frost chief warns about risky commercial lending

BankThink

The San Antonio bank reported 6.8% growth in loans, but Phil Green said he was unwilling to match overly generous prices and underwriting terms that he is seeing in the market. Commercial lending Regional banks Earnings Texas

Frost Bank joins clearXchange network to enable P2P payments

The Paypers

(The Paypers) Early Warning has confirmed that Frost Bank , San Antonio-based, has joined Early Warning’s clearXchange network to enable P2P payments

USAA dips toe into small-business lending

BankThink

The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military. Small business lending Fintech Digital banking USAA

Cullen/Frost’s profits surge on strong loan, fee growth

BankThink

The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line. Earnings Regional banks Commercial banking Deposits

Loans rise 10% at Cullen/Frost

BankThink

That loan growth helped boost the San Antonio bank's profit by 16.5% year over year. Earnings Regional banks Commercial banking Consumer banking Deposits Frost Bank

Amazon Announces Next Whole Foods Delivery Expansion

PYMNTS

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.

Shift to smaller loans is paying off for Cullen/Frost

BankThink

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million. Commercial lending Wealth management Insurance Earnings Energy industry Frost Bank

CFPB, USAA Settle After Violations

PYMNTS

USAA, which is headquartered in San Antonio, Texas, was accused of not properly honoring customers’ requests to stop payments on preauthorized electronic fund transfers. In an email to the San Antonio Express-News , USAA said it was acting in the best interests of its customers.

Payment Data Systems Rolls Out SDK for Apple Devices

Payments Source

Payment Data Systems (PDS), a San Antonio, Texas-based payment solutions provider, has introduced a streamlined approach for mobile app developers to enable payment acceptance from all Apple Inc.

Tips on crisis management

CU Insight

Crisis management expert Dallas Lawrence shared best practices for protecting your organization’s reputation during times of crisis at the CUNA Marketing & Business Development Council Conference in San Antonio.

Video 15

Citi's Heather Cox Joining USAA as Chief Tech and Digital Officer

American Banker

The San Antonio-based bank announced Friday in a press release that it has named Cox its chief technology and digital officer, a newly created role that includes the oversight of information technology, digital strategy and operations, and experience design.

Compliance: Don’t miss coverage of CUNA/NASCUS BSA conference

CU Insight

Compliance/Regulation Alex McVeigh CUNA CUNA News Now CUNA/NASCUS BSA Conference San AntonioTwo Southern California credit unions have leveraged their difference in size difference in a unique collaboration that supports sustainability and engages the membership of both organizations.

7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Lauderdale, Florida; New York, New York; Norfolk-Portsmouth, Virginia; Orlando-Daytona, Florida; Phoenix, Arizona; Portland, Oregon; Sacramento, California; San Antonio, Texas; San Diego, California; San Francisco, California; Seattle-Tacoma, Washington; St.

PenFed to Get Up to $380,000 in Incentives from Bexar County for Proposed Regional Finance Center

Keith Leggett's Credit Union Watch

Bexar County (Texas) Commissioners on February 12th approved an incentive package worth up to $380,000 to Pentagon Federal Credit Union (McLean, VA) for a proposed regional finance center to be opened in San Antonio. The San Antonio Express-News noted that the incentive package "includes an economic development grant of more than $130,000 and a skills development grant of up to $250,000 based on PenFed creating 250 jobs that will pay at least $50,000 annually."

Facebook's Mobile Strategy Inspires a Credit Union's Security Plan

American Banker

When a mobile banking vendor told a San Antonio Federal Credit Union it didn't have the capabilities it wanted, the institution took a note from Facebook's strategy with Messenger and created a companion app.

Uber Expands ‘Ride Pass’ Monthly Subscription

PYMNTS

Louis, Missouri; San Diego, California; Raleigh-Durham, North Carolina; Seattle, Washington; Portland, Oregon; San Antonio, Texas; Nashville, Tennessee; Las Vegas, Nevada; New Orleans, Louisiana and Phoenix, Arizona.

Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

Those cities include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa. Amazon has its eyes on expansion for its Whole Foods brand in closed Sears and Kmart stores, according to a report by Yahoo! Finance.

Real Estate Money Laundering An Increasing Focus Of Governments

PYMNTS

The rule applies to all title companies that deal in markets that have luxury real estate including Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle, noted the report.

CUNA Marketing & Business Development Council - 2017 Conference

Image Works Direct

For the sixth consecutive year, image.works was a sponsor of and participated in the CUNA Marketing & Business Development Council Conference in San Antonio from March 29 – April 1

Security Service Advertising Large Commercial Loans

Keith Leggett's Credit Union Watch

Security Service Federal Credit Union (San Antonio, TX) ran an ad in the September 28th Caller Times promoting commercial loans from $5 million to $50 million.

Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

Frost Bank is 11th to Join Early Warning's P-to-P Network

Payments Source

San Antonio-based Frost Bank this week became the 11th financial institution to join Early Warning’s real-time payments network, which will continue to operate under the clearXchange brand at least through the end of this year.

Onsite: CUNA Marketing & Business Development Council Conference at Disneyland

CU Insight

You will have to see for yourself at the 2017 CUNA Marketing & Business Development Conference next year in San Antonio, TX. Record attendance of over 500 credit union marketers converged on Disneyland in Anaheim, CA this week. Make it happen! was the theme of the 2016 CUNA Marketing & Business Development Council Conference ( #MBD16 ). Topics of focus were content marketing, branding trends, fintech, big data, innovation and all-around marketing in today’s world.

CA 14

Verizon Plans Rollout Of 5G In 30 U.S. Cities In 2019

PYMNTS

Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports. The wireless giant didn’t specify the cities or the method of deployment, but it did say it would include extremely fast millimeter wave radios. “It’s

USAA taps Fifth Third retail chief as bank president

BankThink

The San Antonio company named Chad Borton, previously head consumer banking at Fifth Third Bancorp in Cincinnati, for the role. Fifth Third has named Philip McHugh as his successor. Succession planning C-suite National banks USAA Fifth Third Fifth Third Bancorp

Credit Human to Receive $8.8 Million in Incentives to Relocate HQ

Keith Leggett's Credit Union Watch

The City of San Antonio and Bexar County will provide Credit Human Federal Credit Union $8.8 Credit Human, formerly known as San Antonio Federal Credit Union, is the third largest credit union in San Antonio (TX). million in tax and other incentives to move its headquarters to an office tower to be constructed at the Pearl. The city has proposed offering up to $5.2 million in tax abatements and a $1.5

Facebook To Open Small Biz Pop-Up Concept In Select Macy’s

PYMNTS

The pop-up shop will be located in The Market @ Macy’s in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, now through early February.

AT&T Jumps On The 5G Bandwagon

PYMNTS

San Antonio and Waco, Texas. There are plans to expand service in the first half of 2019 to parts of 7 additional cities, including Las Vegas, Los Angeles, Nashville, Orlando, San Diego, San Francisco, and San Jose, Calif. AT&T has announced that it will be offering a 5G smartphone from Samsung in the first half of 2019. “5G 5G is going to be about more than just a network.

Amazon Adds Eight More Cities To Grocery Pickup At Whole Foods

PYMNTS

In a press release , Amazon said the cities it expanded to include Birmingham, Colorado Springs, Long Island, Milwaukee, Salt Lake City, San Antonio, Tacoma and Tulsa.

CU Inks Scoreboard Sponsorship Deal

Keith Leggett's Credit Union Watch

Firstmark Credit Union agreed to a five-year sponsorship deal for the new 44-feet wide by 24-feet tall Alamo Stadium digital scoreboard in San Antonio. The high school stadium seats 23,000 and will host numerous events. Terms of the deal were not released. Read the story. Naming Rights

FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate.

Opendoor, Zillow Rival Perch Raises $220M

PYMNTS

After launching in San Antonio in early 2018, Perch has expanded to Dallas-Fort Worth, with more markets planned. Home buying and selling platform Perch has announced that it has raised $220 million in new funding. The funding, which is a combination of equity to fund operations and debt to fund home purchases, was led by FirstMark Capital , with participation from Accomplice and Juxtapose.

United Texas CU Abandons Federal Charter and Becomes Privately Insured

Keith Leggett's Credit Union Watch

United Texas Credit Union (San Antonio, TX) has switched from a federal to state charter and converted from federal to private share insurance. The $254 million credit union will now be insured by American Share Insurance. The credit union's CEO stated that one of the main reasons for the charter conversion is Texas' flexible Field of Membership (FOM) rules.

Carvana Opens Largest Car Vending Machine In Tempe

PYMNTS

Tempe joins 11 other cities that have Carvana vending machines, including Houston, Austin, San Antonio, Dallas, Nashville (Tenn.), Carvana , the eCommerce platform for buying and selling used cars , announced Wednesday (June 20) that it has launched its largest Car Vending Machine to date, located in the company’s hometown of Tempe, Arizona. In a press release , Carvana said the machine stands nine stories high, is all glass and holds as many as 34 vehicles.

USAA Review – Financial Products for U.S. Military Members & Veterans

Money Crashers

According to its website, the San Antonio-based private organization was started, back in 1922, by 25 military officers who couldn’t find an insurance company willing to… USAA Review – Financial Products for U.S. For nearly a century, USAA (full name: United Services Automobile Association) has offered an ever-growing suite of financial products to active-duty and retired members of the U.S. Armed Forces and their family members.

Two Large CUs Announce Expansion Plans

Keith Leggett's Credit Union Watch

According to the San Antonio Express News , Security Service Federal Credit Union (San Antonio, TX) announced plans to build a $120 million headquarters campus near its current main office. In the last week, two large credit unions have announced major expansion plans. The credit union will build 250,000 square feet of space on 66 acres beginning in early 2015.

Credit unions continue to see growth in auto lending

Abrigio

Interestingly, the next two significant lenders on the list are also CUs that primarily serve the military – Security Service Federal, which is headquartered in San Antonio, and Pentagon Federal, located in Alexandria, Virginia. Security Service Federal Credit Union - San Antonio, TX 3.

McDelivery Is McDominating In 1,000 New Markets

PYMNTS

On Wednesday (May 31), McDelivery with UberEATS launched at locations in the New York Metro Area, Fresno, Seattle, Denver, Dallas, Houston, San Antonio and Washington, D.C. That’s on top of the locations where it was already available, including Atlanta, Chicago, Columbus, Las Vegas, Los Angeles, Miami, Orlando, Phoenix, San Diego and Tampa. 3,500 more McDonald’s markets are going to be lovin’ it by the end of June as delivery service rolls out to even more restaurants.

Five At Five: Amazon Expands Food Deliveries

PYMNTS

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes a look at an Amazon delivery move and the reconsideration of a federal payday rule. Toys R Us is nearing the end — or is it?

Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

The report noted that Uber drivers are earning the most tips in Salt Lake City, Utah; San Antonio, Texas; Kansas City, MO; New Orleans, LA; and Nashville, TN. Lyft found that the most generous tippers were located in New York City, Atlanta, Detroit, Dallas, San Jose, Minneapolis, and Westchester County, NY.