Texas

A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption.

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.

T.J. Tijerina, a 16-year employee at the Houston-based credit union, has taken over as president and CEO in advance of Ron Downing’s retirement later this year.

In December, the National Credit Union Administration barred the individuals from working in the financial services sector for taking money from their institutions for personal use.

The Allen, Texas-based institution is crediting a robust on-site medical program with helping keep staff and members safe.

Tonia Clark will leave Las Colinas FCU to take the helm of $116 million-asset Allied.

The Amarillo company is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state.

Ayn Talley will step down in January, to be succeeded by the credit union's longtime executive vice president.

The companies took a pause from merger discussions when the pandemic hit to evaluate their individual circumstances.

Haegelin spent several decades in the credit union movement, including helping found the nonprofit Credit Unions for Kids.

The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers.

Ryan Ross will take over as CEO of the San Antonio, Texas-based institution for Bob Glenn, who is retiring.

Go Federal Credit Union CEO Bert Beal will take the helm of the combined institution once they join America's Credit Union.

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year.

Social distancing and other pandemic-related measures are making it harder for banks in the Gulf region to rely on tried-and-true contingencies.

CEO Keith Brenek plans to retire at the end of 2020, and the Texas-based institution found his successor in-house.

Willy Kelsey has worked at the Arlington, Texas-based credit union since 2005 and will oversee lending, retail operations and IT in his new role.

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

Primary races in Alabama, Maine and Texas resulted in victories for candidates with support from the Credit Union Legislative Action Fund.