Texas

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

Patricia Watson joined the board of the $19 billion-asset Texas Capital on Friday. Watson has been chief information officer at TSYS, a payments processor based in Columbus, Ga., since September.

Comerica in Dallas retroactively cut its fourth-quarter profit by $14 million after discovering that a single borrower — an Arizona company the bank did not identify — was unlikely to repay its loan.

Standard & Poor's Ratings Services is warning banks with high levels of exposure to the energy industry to think twice before ramping up their lending in other sectors.

Evans, soon to retire as CEO of Cullen/Frost Bankers, believes his company is well positioned to withstand the fallout from low oil prices. He is advising his successor to avoid the temptation to panic and focus on the long view.

Pioneer Bank in Dripping Springs, Texas, has promoted Elizabeth Blose to chief financial officer as it works to finalize a merger deal and relocate its headquarters.

Allegiance Bancshares in Houston has sold two branches to Incommons Bank in Mexia, Texas.

The former president of a Texas community bank was sentenced to two years in federal prison for manipulating the bank's books and embezzling money to pay her daughter's sorority dues.

Chargeoffs jumped 13% at the Dallas lender, and its warning that they could increase further because of deterioration in subprime auto lending set off alarm bells about the broader consumer finance market.

Prosperity Bancshares in Houston reported a 4.23% dip in fourth-quarter profit on lower levels of loan discount accretion.