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.”

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Texas Lets Eateries Deliver Alcohol With Food Orders


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. Retail Coronavirus food delivery News Restaurants Texas What's Hot

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Texas Hotelier Nets $59M In PPP Loans


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.

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


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 Hot

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


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

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


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. Coronavirus AAA Texas Insurance News San Diego State University

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


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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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 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.

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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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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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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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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Ripple Gives $2M To Texas University For Blockchain Research


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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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 Texas

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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Uber And Lyft Returning To Texas?


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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Texas AG-Led Google Probe Taps Former Microsoft Attorney


Three consultants — one being an ex-Microsoft lawyer — were hired in a multi-state antitrust investigation of Google being led by the Texas attorney general’s office, Reuters reported on Thursday (Sept.

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Texas Bank Enters Top 50 in US with Merger Deal

Banking Exchange

S&P Global Market Intelligence has revealed the biggest banks in the US and the world by assets Management Feature Financial Trends Financial Research Retail Banking Feature3. 1Management

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Hilltop in Texas to sell specialty insurance unit for $150 million

American Banker

Community banking M&A Insurance TexasNational Lloyds, which provides insurance for mobile homes, has a distribution network that operates in 40 states.

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With Square's backing, a Texas startup declutters benefit payments

Payments Source

Small merchants often have to squeeze a hodgepodge of hardware onto their counters to manage government electronic benefit transfers, a distinct niche Novo Dia Group is working to solve with an investment from Square. Payment processing Point-of-sale Retailers Investments pso intraday lead Square

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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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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 Court Rules Against CFPB’s Payday Lending Act Delay


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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Walmart Pay Launches in Texas, Arkansas

Payments Source

Walmart Pay, the mega-retailer's mobile wallet, has gone live at its stores in Texas and Arkansas in anticipation of a national rollout. mobile technology

Square buys Texas food-delivery firm to expand Caviar’s reach

Payments Source

Mobile point-of-sale Payment processing M&A Square TexasTightening its connections to restaurants with a brisk delivery business, Square has acquired a longstanding Dallas-based local food delivery service to add to its Caviar food-ordering platform.

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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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TSYS Tech Exec Patty Watson Joins Texas Capital Bancshares' Board

Payments Source

Texas Capital Bancshares in Dallas has named TSYS Chief Information Officer Patty Watson to its board. sailthru_iso_featured people news women-in-payments retail-acquiring

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SEC Halts Texas Financial Firm’s ‘Illegal’ ICO


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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Triumph Bancorp in Texas to sell premium finance unit

American Banker

The Dallas company also reported a first-quarter loss after the coronavirus outbreak caused "significant deterioration" in its economic outlook. Earnings M&A Coronavirus Community banks

Why the CFPB’s payday rule is in the hands of a Texas judge

Payments Source

Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect. Payday lending Small-dollar lending ATR Litigation Kathy Kraninger Richard Cordray CFPB

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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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