Texas

Comerica in Dallas reported lower third-quarter profit that reflected higher expenses. The $71 billion-asset company said in a press release Friday that its net income fell 12% from a year earlier, to $134 million, or 74 cents a share.

Cullen/Frost Bankers will consolidate about 175 employees at a new office tower in Fort Worth, Texas, for which it will also be the anchor tenant.

Turmoil in energy markets significantly influenced the sale of Tradition Bancshares in Houston.

Allegiance Bancshares expects to raise about $54.6 million in its initial public offering, as the Houston company priced the offering more than two years after expressing interest in going public.

Mechanics Bank in Walnut Creek, Calif., has named three senior financial executives, about five months after a Dallas investment group acquired a majority stake.

USAA will shift about 120 positions in its mortgage operations from an office near Dallas to offices in Tampa, Fla., and Phoenix.

Cash America International, a payday lender in Fort Worth, Texas, has named Brent Stuart chief executive.

Pinnacle Bancorp in Central City, Neb., has agreed to buy Woodhaven National Bank in Fort Worth, Texas.

Alliance Data Systems has agreed to work with Toyota on a new line of private-label credit cards and to manage the Japanese automaker's existing co-branded card program.

Texas Capital Bancshares in Dallas plans to hire 100 people for its new mortgage correspondent aggregation business line.