Texas

Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years.

Kerry Parker plans to retire from the Austin, Texas-based institution next month.

The new capital will allow the Austin bank to increase its lending limit.

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S.-Mexico border.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

It is comfortable with the deal for MidSouth despite the seller's lingering credit issues, given a shared history and the opportunity to add low-cost deposits.

The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business.

The San Antonio bank reported 6.8% growth in loans, but Phil Green said he was unwilling to match overly generous prices and underwriting terms that he is seeing in the market.

The Oklahoma company will pay $122 million for a bank with three branches in Dallas.