Texas

Allyson Morrow named presiding officer, Jim Minge appointed by Texas governor.

The new CUSO is intended to provide services for credit unions across Southeast Texas.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Texas Capital ties bankers’ bonuses to loan performance instead of volume. The strategy has aided recruitment and helped the bank achieve exceptional loan growth while keeping credit quality respectable.

Scott Heitkamp is encouraged by a more positive tone coming from President Trump. His goal in the next year is to make regulation easier for his fellow bankers.

Texas Trust and Qualtrust CUs have announced their intention to merge under the Texas Trust banner.

Over the last five years, the credit union also saw a 66% rise in membership, 204% increase in auto loans and a 26% uptick in real estate loans.

The $1.3 billion CU rewarded members for using their A+ FCU debit card, as well as interest rate discounts on loans and higher rates on certificates.

BorrowersFirst said its new financing will come from Waterfall Asset Management, a New York firm that focuses on high-yield investments.

The deal expands Post Oak’s existing operations around Houston