Could Texas acquisition signal a return of bigger bank deals?

BankThink

Community banking M&A Commercial banking TexasDeal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing.

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A Rising Texas Star

Independent Banker

Veritex is a combination of the words “veritas,” which means truth in Latin, and “Texas.” The bank uses the slogan “Truth in Texas Banking.”). Kerry Curry is a financial writer in Texas. Capital market access and employee ownership help fuel Veritex Community Bank’s rapid growth.

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Keystone in Texas raises $31M, buys a branch

BankThink

Community banking Branch network Capital M&A TexasThe new capital will allow the Austin bank to increase its lending limit.

Drive.ai To Launch Self-Driving Car Pilot In Frisco, Texas

PYMNTS

Drive.ai , the California self-driving car startup, announced Monday (May 7) that it is launching an on-demand self-driving car service pilot in Frisco, Texas. It marks the first time self-driving cars will be on the public roads of Texas, noted the company. Frisco Self-Driving Cars Texas What's HotIn a press release , Drive.ai

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Ripple Gives $2M To Texas University For Blockchain Research

PYMNTS

As part of Ripple ’s $50 million pledge for blockchain research, the crypto firm has said it will give $2 million over five years to the McCombs School of Business at the University of Texas in Austin. Blockchain Cryptocrrency distributed ledger News Ripple school funding University of Texas at Austin What's Hot

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BancorpSouth announces acquisitions in Florida, Texas

BankThink

The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank. Community banking M&A Growth strategies Capital Mississippi Texas Florida

Uber And Lyft Returning To Texas?

PYMNTS

Uber and Lyft, the two ride-hailing firms that left several Texas markets over controversy tied to fingerprint background checks, may be coming back. News Ridesharing greg abbott Legislation Lyft ride-hailing Texas Uber What's HotReuters reports that the state’s governor, Greg Abbott, will sign a bill over the next few days that comes in the wake of House Bill 100’s approval last week.

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American Bank in Texas has new CEO

BankThink

Community banking Succession planning C-suite TexasStephen Raffaele has been the bank's president since 2016.

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Texas Startup Alkami Raises $70M For Mobile Banking Software

Bank Innovation

Plano, Texas-based startup Alkami Technology has raised $70 million for its mobile banking platform, it was reported yesterday.

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BancFirst to enter Texas with Pegasus Bank acquisition

BankThink

Community banking M&A Commercial lending Texas OklahomaThe Oklahoma company will pay $122 million for a bank with three branches in Dallas.

Texas Court Rules Against CFPB’s Payday Lending Act Delay

PYMNTS

A Texas court ruled on Tuesday (June 12) against delaying the compliance date for the Consumer Financial Protection Bureau ’s rule on payday loans. In a joint motion filed late last week in federal court in Austin, TX, Mulvaney, the Community Financial Services Association of America and the Consumer Service Alliance of Texas asked a judge to delay the new regulations from going into effect.

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Texas introduces consumer privacy and data collection bills

The Paypers

(The Paypers) The Texas House of Representatives has introduced two bills that aim to protect consumers’ privacy and data, following the trend of similar laws in jurisdictions such as California and Washington

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Texas Independent to expand in Houston with bank purchase

BankThink

Community banking M&A Growth strategies TexasThe company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019.

More bucks for Texas banks?

ABA Community Banking

Hopes of restoring the “Texas premium,” M&A in the Lone Star State Management M&A. 1Management

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Texas Regulator: Early Delinquencies on Rise

Keith Leggett's Credit Union Watch

The Texas Credit Union Department in its April Newsletter noted that after several years of strong loan growth some credit unions are experiencing an increase in early delinquencies. The Texas regulator encouraged that credit union management provide monthly trend reports to its board members regarding loans 30 to 59 days past due.

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Texas community bank falls victim to phishing scam

BankThink

Community banking Phishing Financial crimes TexasCBTX said an unauthorized person obtained personal information for about 7,800 customers.

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Texas Farm Bureau FCU Sells Loans and Branch to Alliance Bank Central Texas

Keith Leggett's Credit Union Watch

The American Banker is reporting that Alliance Bank Central Texas (Waco, TX) is buying all the loans and the only branch of Texas Farm Bureau Federal Credit Union (Waco, TX). Texas Farm Bureau FCU had $6.7 million in assets and $3.4 million in loans, as of December 31, 2018. The credit union's membership approved the sale on March 25.

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CommunityBank of Texas planning IPO

BankThink

Community banking Capital M&A IPOs TexasThe bank is looking to raise $72 million, which it could use for organic growth and acquisitions.

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Spirit of Texas to enter San Antonio with Beeville purchase

BankThink

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

Texas Capital issues warning on four loans

BankThink

Community banking Loan-loss provisions Commercial lending TexasThe Dallas company expects to report a higher loan-loss provision after the loans, which include two shared-national credits, deteriorated in the second quarter.

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Mortgages drive strong quarter at Texas Capital

BankThink

Earnings MSR Commercial lending Commercial banking TexasHowever, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.

Terminated bank deal in Texas takes nasty turn

BankThink

Integrations Domestic deals Community banking California TexasHanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement.

Rebranded Texas bank raises $90M in capital

BankThink

Community banking Capital M&A Commercial lending TexasMapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking.

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Investor group plans to buy, rebrand Texas bank

BankThink

Community banking Integrations Branding Banking brands TexasBallinger National Bank would be renamed Keystone Bank and its headquarters would move to an Austin suburb.

SEC Halts Texas Financial Firm’s ‘Illegal’ ICO

PYMNTS

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. In addition, the agency was able to freeze the company’s assets and those of its two co-founders, CNBC reported. Filed last Thursday and unsealed on Monday (Jan.

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Independent in Texas to buy Integrity Bancshares

BankThink

Community banking M&A Capital Growth strategies TexasIntegrity is set to become the third Houston-area bank acquired by Independent in recent years.

Texas bankers offer advice to Floridians staring down Irma

BankThink

Texas bankers recovering from Hurricane Harvey are reflecting on their experiences, identifying what went right and what they could do better. Community banking Regional banks Hurricane Harvey Disaster planning Disaster recovery Crisis management Texas FloridaTheir views could prove useful to Florida bankers hurriedly preparing for the nation's next big hurricane.

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Texas bank renews relationship with Western Union, adds mobile transfer

Mobile Payments Today

Woodforest National Bank customers can already access Western Union's money transfer and bill-payment services via the bank's branches and online banking website

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Texas banks brace for Hurricane Harvey

BankThink

Community banking Disaster planning Crisis management Branch network NCUA OCC Texas LouisianaMany financial institutions have activated their emergency centers, closed branches and stocked ATMs in advance of landfall.

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Cadence in Texas plans $180 million IPO

BankThink

Capital M&A Growth strategies TexasThe Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Three private-equity funds sell shares in Texas bank

BankThink

Community banking M&A Growth strategies Private equity TexasIndependent Bank Group said the funds had become shareholders after it bought Carlile Bancshares last year.

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Texas State Bankshares to Buy Blanco National

American Banker

Texas State Bankshares in Harlingen has agreed to buy Blanco National Holdings. breaking_news community-banking tx dealmaking-strategy

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Four commercial loans flagged as problems at Texas Capital

BankThink

Earnings Commercial lending Commercial banking MSR Correspondent TexasThe Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status.

Texas Trust CU Buys Naming Rights to Epic Theater

Keith Leggett's Credit Union Watch

Texas Trust Credit Union (Arlington, TX) bought the naming rights to the Epic Theater in the City of Grand Prairie (TX). The five-year agreement gives Texas Trust naming rights along with signage and advertising opportunities, and more. The price tag of the five-year sponsorship agreement was not disclosed. Read more. Branding Naming Rights Sponsorships

Southside to add heft in east Texas with latest acquisition

BankThink

Community banking M&A Capital TexasThe company will pay about $219 million for Diboll State Bancshares.

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Texas banks begin long process of assessing damage from Harvey

BankThink

Community banking Regional banks Crisis management Disaster recovery TexasTheir immediate effort is to ensure colleagues and clients are safe and that banking services are available to hurricane victims. The next big issue is preparing for the financial hit banks and customers will take from wind and water damage.

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Texas Capital to halt leveraged lending as losses mount

BankThink

The Dallas company boosted its loan-loss provision in the fourth quarter to cover deteriorating leveraged loans, causing it to miss profit estimates. Earnings Credit quality Leveraged loans Commercial lending

Post Oak Bancshares to buy State Bank of Texas

BankThink

Community banking Branch deals TexasThe deal expands Post Oak’s existing operations around Houston.

CRE Concentration Motivated Buyer in Big Texas Deal

American Banker

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Texas bank is punching above its weight class with latest acquisition

BankThink

Integrations M&A Community banking Accounting methods Capital TexasVeritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.

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Independent Bank to Buy Carlile Bancshares in Texas for $434M

American Banker

Independent Bank Group in McKinney, Texas, has agreed to buy Carlile Bancshares in Denton, Texas. breaking_news community-banking dealmaking-strategy

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Texas banker has plan to battle 'oppressive and stupid' regs

BankThink

Community banking M&A Branch banking Financial regulations Dodd-Frank HMDA Small business lending TexasPat Hickman, CEO of Happy State Bank, wants his institution to remain viable in the face of stifling regulation. As for selling? That'll happen over his dead body, he says.

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Guaranty in Texas to become publicly traded — again

BankThink

Capital Growth strategies M&A TexasThe company, which delisted from the Nasdaq in 2005, is looking to raise up to $64 million through an initial public offering.

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