Texas

Texas Exchange Bank in Crowley, Texas, said Tuesday that it had expanded into two cities to meet an increasing demand for commercial loans.

The Office of the Comptroller of the Currency has issued cease-and-desist orders against Intercredit Bank in Miami and Border Capital Bank in McAllen, Texas, citing credit and capital concerns.

First National was looking to sell – for the second time. Kevin Fowler, whose return to banking as president of Rockwall Bancshares followed a failed bid for office, was looking to enter the Dallas market. A match was made.

The Federal Reserve on Thursday announced that it has reached a written agreement with SWNB Bancorp Inc. in Houston.

A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.

Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

Led by energy, and bolstered by a diversifying economy, the Texas metropolis is drawing a wave of new banks to vie with the city's incumbents.

In what would be its first whole-bank acquisition since 2008, Prosperity Bancshares Inc. in Houston has announced plans to buy the $72 million-asset Texas Bankers Inc. in Austin.

The chief executive at Texas Capital Bancshares Inc. says that regional banks like his are losing potential commercial loan business to deposit-rich larger banks that are undercutting them on rates and offering more favorable terms.

Texas Capital Bancshares Inc. in Dallas has lost the first round in a legal battle over a loan it made to an Oklahoma automobile dealer that soured.

On Thursday, the Fed published written agreements struck earlier this month with the $119 million-asset Texas Bancshares Inc. in Snyder, Texas, and the $169 million-asset Flagship Financial Group Inc. in Eden Prairie, Minn.

MidSouth Bancorp Inc. in Lafayette, La., has agreed to buy a branch in Tyler, Texas, from Beacon Federal Bancorp Inc.

The Federal Reserve this week took action against four banks, including three written agreements and the issuance of a prompt corrective order against Bank of the Eastern Shore.

Capitol Bancorp Ltd. has agreed to sell its interest in Bank of Las Colinas for a second time.

BancorpSouth Inc. said late Thursday that it is selling a pair of Texas branches to First National Bank of Hughes Springs in Texas.

OmniAmerican Bancorp Inc. in Fort Worth, Tex., said Monday that its net income for the second quarter more than doubled from a year earlier, to $1.2 million, due largely to lower deposit costs and 20% increase in interest-earning assets.

Cullen/Frost Bankers Inc. in San Antonio reported that second-quarter earnings rose 5.3% from a year earlier, to $55.7 million, although the company struggled to capitalize on a windfall of excessive liquidity.

Southside Bancshares Inc. of Tyler, Texas, said that its second-quarter profits rose 18% from same period a year earlier, to $11.5 million, and that earnings per share increased 19.6%, to 67 cents.

Aided by improved credit quality and strong loan and deposit growth, Prosperity Bancshares Inc. in Houston reported earnings of $35.1 million in the second quarter, up 10.5% from the same quarter in 2010.

Bank of America Corp. said Tuesday that it has hired 75 small-business bankers in Texas and that it intends to add roughly 25 more in the state by the end of the first quarter.