Texas

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

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Banks are grappling with new challenges in trying to work with voice assistants like Alexa in Amazon's Echo to allow customers to check balances and perform other tasks. But with voice banking on the horizon, banks cannot afford to stall their efforts.

Prosperity Bancshares in Houston filed a shelf registration to sell a variety of shares.

Allegiance Bancshares in Houston has recruited a new chief financial officer.

Texas Capital Bancshares in Dallas has snagged a BBVA Compass banker and promoted two of its own executives.

Texas State Bankshares in Harlingen has agreed to buy Blanco National Holdings.

Banks in Texas and Washington are joining the growing list of financial institutions selling common stock.

For its commitment to improving the long-term health of depositors, and a nimble, failure-is-not-a-dirty-word approach to innovation, USAA has earned an honor American Banker normally bestows on a single individual.

Texas Capital Bancshares in Dallas is planning to raise more than $225 million from a stock offering.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

T Acquisition, an entity formed by A. Haag Sherman and the partners of Cain Watters & Associates, has agreed to buy the $207 million-asset parent of T Bank for $40.5 million, based on the seller's number of shares outstanding at Sept. 30.

Meta Financial in Sioux Falls, S.D., has agreed to buy the tax advance and consumer lending business of Specialty Consumer Services in Hurst, Texas.

Prosperity Bancshares is hopeful it will be able to announce its next bank deal in the near future. Such chatter provides hope that Texas banks are moving past oil concerns and renewing merger talks.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

Prosperity Bancshares' profit took a hit in the third quarter from lower yields on loans and higher expenses.