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.” Carousel Customer Experience Daily Post 1 Retail Banking Bask Bank Digital Banks mobile bank N26 Texas Capital Bank

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Texas AG Leads Multi-State Consumer Protection Probe Into Apple

PYMNTS

Texas Attorney General Ken Paxton is leading a multi-state probe against Apple Inc. Apple Attorney General consumer protection legal News Texas trade practices What's Hot

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How Texas Restaurants Are Using A Safety Seal of Approval To Get Customers Back

PYMNTS

To that end, in an interview with Karen Webster Chief Strategy and Operations Officer Joe Monastero at industry advocate Texas Restaurant Association and Chris Gillen , CEO of A Closer Look , which focuses on customer feedback, said returning to restaurants (a sector decimated by the coronavirus) can be eased by health and hygiene training, and a bit of texting too. The Texas Restaurant Promise Certification is covered under a grant by the Texas Workforce Commission.

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Texas Lets Eateries Deliver Alcohol With Food Orders

PYMNTS

To help address financial challenges brought about by the coronavirus, Texas Governor Greg Abbott put into place a waiver that lets restaurants deliver alcohol with food orders, ABC 13 reported. The governor also asked the Texas Alcoholic Beverage Commission to waive specific stipulations to let alcoholic beverage wholesalers, retailers and manufacturers sell back or buy back items that have not been opened. Retail Coronavirus food delivery News Restaurants Texas What's Hot

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Feds Charge Texas Man With CARES Act Fraud

PYMNTS

Dinesh Sah, 55, of Coppell, Texas, was charged with three counts of wire fraud, three counts of bank fraud and one count of money laundering. Federal prosecutors on Thursday (Oct. 8) charged a Dallas-area man with allegedly playing a role in a scheme that sought to fraudulently obtain $24.8

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Texas Hotelier Nets $59M In PPP Loans

PYMNTS

The biggest benefactor of the Paycheck Protection Program (PPP) is a Dallas, Texas-based hotelier named Monty Bennett, who has received $59 million from the program intended to help small or medium-sized businesses with the economic crisis. Bennett is the chair of Ashford Hospitality Trust , which manages a number of hotels including Atlanta’s Ritz Carlton and the Marriott Beverly Hills.

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Texas Hotel Group To Give Back $70M In PPP Loans

PYMNTS

Texas hospitality group Ashford Inc. Loans Ashford Ashford Hospitality Trust Braemar Hotels & Resorts Coronavirus COVID-19 hotels loans News Paycheck Protection Program PPP SMBs Texas What's Hotis buckling under pressure and will return $70 million in Paycheck Protection Program (PPP) loan money it received due to the coronavirus pandemic, according to The New York Times.

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New Uber Hub To Create 3K New Jobs In Texas

PYMNTS

Texas Gov. 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. This investment will bolster Texas’ continued economic success and reputation as the best state for business. Our unrivaled workforce and business-friendly environment makes Texas the perfect home for innovative companies like Uber.”.

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Merger scuttled, Texas bank charts new course

American Banker

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.

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DOJ: Texas Man Allegedly Claimed Employees To Net $5M In PPP Funds

PYMNTS

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), according to the U.S. Brown of the Eastern District of Texas, in a statement. “We Security & Fraud Department of Justice Editors' Picks fraud loans News Paycheck Protection Program PPP Texas What's Hot

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Texas Big: First Road Trip Since the Pandemic

Jeff For Banks

The challenge: We are based in Pennsylvania and our governor still has a 14-day quarantine order for those traveling from Texas. Special thanks to the eminently polite people of Texas, and our friends at FirstCapital Bank of Texas, N.A. It was bound to happen.

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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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Small Texas bank doubles down on hotel lending

American Banker

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in. C-suite Coronavirus Growth strategies Community banks Hospitality and lodging Commercial real estate lending

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Texas Capital, Independent terminate $3 billion merger

American Banker

Texas Capital also said that Keith Cargill has stepped down as president and CEO. Texas M&A Coronavirus Growth strategies Succession planning Energy industry

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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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Bitcoin Daily: China’s Cosco Shipping Will Test Blockchain Tool; Tech Mahindra Rolls Out Blockchain System; Texas Orders S. African Co To Stop Selling Crypto Securities

PYMNTS

On another note, The Texas State Securities Board announced an “emergency action” in the form of a cease and desist order to halt South African company Mirror Trading International PTY LTD, which was referred to as an “international, multilevel marketing” effort in a press release. The Texas State Securities Board said in the release that the company seeks multilevel marketers to allegedly sell “fraudulent investments in a bitcoin and forex pool.”

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Texas Bank Financial Offers Kasasa Cash Checking Statewide

BankDeals

Texas Bank Financial offers its Kasasa Cash Checking and Kasasa Saver to all Texas residents. The competitive rates apply to relatively large balances

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Three Texas banks planning to merge

American Banker

Community banking Texas M&A Growth strategiesSouthwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities.

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. Alkami, which provides white-labeled solutions for banks and credit unions to implement across their digital and mobile platforms, was started in 2009 because there “wasn’t a lot of innovation that was happening in the digital banking space,” […]. Capital Exclusive Mobile Online Alkami Technology capital Mobile banking SaaS startups

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Former banker pleads guilty for role in Texas bank's failure

American Banker

Failures Fraud Texas DoJAnita Gail Moody, who was president of Enloe State Bank, admitted to creating phony loan documents — and setting a fire to destroy them — before the bank was shuttered in May 2019.

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Three Texas Banks to Merge into $1.5B Group

Banking Exchange

Parent companies of The Bank of Austin, Texas Hill Country Bank and The Bank of San Antonio to combine Management Feature M&A Feature3. 1Management

Texas bank's leader takes leave after contracting coronavirus

American Banker

Spirit of Texas Bancshares named an interim CEO for Dean Bass, though the company said he is recovering. Community banking Texas Coronavirus Succession planning

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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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Rumblings of Texas M&A wave after high-profile deal

American Banker

The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying. M&A Community banking Digital banking Revenue and expenses Texas

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Texas banker returns to work after bout with coronavirus

American Banker

Dean Bass, chairman and CEO of Spirit of Texas Bancshares, had taken a leave of absence after contracting COVID-19. Texas Coronavirus Succession planning Community banks

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Trade groups file amended complaint in Texas lawsuit challenging CFPB payday loan rule

CFPB Monitor

CFPB Litigation and Court Decisions Payday Lending payday texas

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Texas community bank lines up first acquisition

American Banker

Community banking M&A Growth strategies TexasWichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

Coronavirus Refunds: AAA Texas Unveils $125M In Premium Refunds; San Diego State To Provide Over $24M In Refunds

PYMNTS

Members of AAA who have their vehicles insured via the Interinsurance Exchange of the Automobile Club and its affiliate insurers will get a total of $125 million in premium reimbursements, AAA Texas said in an announcement. AAA Texas said in the announcement that the refund effort is “due to reduced driving and claims because of stay-at-home and shelter-in-place orders and recommendations.”. Coronavirus AAA Texas Insurance News San Diego State University

BBVA names new CEO of Texas Border, Gulf Coast markets

American Banker

BBVA USA said Monday that Susana Valencia will retain her job as Laredo City president while also overseeing commercial banking operations in its Texas border and Gulf Coast markets. Women in Banking Commercial banking WIB scan BBVA Texas

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Texas Capital forms digital bank featuring American Airlines rewards

American Banker

Community banking Digital banking Savings accounts TexasBask Bank will offer customers AAdvantage miles for every dollar saved.

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Texas Capital takes a risk on rewards in latest digital banking venture

American Banker

Community banking Savings accounts Digital banking Deposits TexasThe company's new platform targets a narrow customer segment ?— frequent fliers.

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Fast-growing Texas bank buying branches in Austin, San Antonio

American Banker

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. Strategic buyers Community banking Commercial real estate lending Texasas part of an aggressive expansion in its home state.

Texas Capital reports another quarterly loss on higher provision, job cuts

American Banker

Earnings Revenue and expenses Texas M&AThe Dallas company, which terminated a planned merger with Independent Bank in May, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

Find a buyer or a new CEO? What’s next for Texas Capital

American Banker

C-suite Texas M&A Commercial lending Coronavirus Energy industryThe Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

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. By Kerry Curry. After a career of nearly three decades as a banker serving various community and regional institutions in the Dallas-Fort Worth area, C.

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