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Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Houston City Bancshares.
June 3 -
The car title loan industry is poised to grow substantially if it's not covered by CFPB regulations on payday lending. But the bureau has not laid the groundwork for title lending rules in the same way it has for payday lending.
May 29 -
A recent oil and gas boom in Texas that has captivated banks' attention is also drawing the eye of regulators as they become concerned how far institutions will go to win loans and hire specialists within the energy industry.
May 16 -
The company had been looking for a deal for a few years and finally found one in OmniAmerican, a former credit union that converted to a stock-owned company in 2010.
April 29
Meridian Bank Texas in Fort Worth has acquired State Bank & Trust in Carrolton, Texas.
Meridian, a unit of Marquette Financial Companies, did not disclose the price. Meridian now has five branches and $475 million in assets.
Meridian focuses on energy lending, commercial real estate, and business banking. State Bank focused on residential mortgages, used-car lending and commercial banking.
"This transaction brings together two family-owned banks with complementary geographic and service lines," Glenn Monroe, Meridian's chief executive, said in an interview. "With the new regulations and compliance requirements, we need a bigger base between $500 and $700 million in assets to operate efficiently. We will continue to look for new deals as there seems to be more opportunities for acquisitions in Texas."
