Happy State announces bank acquisition in Texas

BankThink

Community banking M&A Growth strategies TexasThe bank will buy First State Bank of Mobeetie.

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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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South Plains Financial moving into western Texas with bank deal

BankThink

South Plains' agreement to buy West Texas State Bank is its first major move since conducting an initial public offering in May. Community banking M&A Growth strategies Texas

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Spirit of Texas expanding eastward with latest deal

BankThink

The company agreed to pay $66 million for the parent of Citizens State Bank in Tyler, Texas. Community banking M&A Growth strategies Texas

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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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Will energy boom turn West Texas into bank M&A hot spot?

BankThink

Community banking M&A IPOs TexasRecord oil production has lenders contemplating acquisitions in the region.

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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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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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Grant Bancshares is Texas-bound after agreeing to buy First Bank

BankThink

Community banking M&A Growth strategies Louisiana TexasThe deal comes less than a week after the Louisiana company raised nearly $11 million.

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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

MODDern Times In Auto Lending, Deep in the Heart of Texas

CU Direct

billion credit union headquartered in Live Oak, Texas, a northern suburb of San Antonio, near the legendary Randolph Air. Read more » The post MODDern Times In Auto Lending, Deep in the Heart of Texas appeared first on CU Direct Blog.

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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BancorpSouth to buy banks in Alabama, Texas

BankThink

Community banking M&A Growth strategies Capital Alabama TexasThe Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas.

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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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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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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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 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.

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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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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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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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 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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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.

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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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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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.

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.

Texas amends debt collection law to add new requirements for debt buyers

CFPB Monitor

On June 14, 2019, Texas Governor Greg Abbott signed HB 996 , which amends Chapter 392 of the Texas Finance Code dealing with debt collection. Debt Collection State CFS Monitor debt collection texas

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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.

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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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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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.

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 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

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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