Texas

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National as part of an aggressive expansion in its home state.

Paul Murphy took full responsibility for a recent spike in charge-offs at the Houston company. His challenge in 2020 is keeping credit issues in check.

BBVA USA said Monday that Susana Valencia will retain her job as Laredo City president while also overseeing commercial banking operations in its Texas border and Gulf Coast markets.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying.

The deal will create a bank with nearly $50 billion in assets.

The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.

Steven Retzloff, the company's president, will succeed George Martinez in January.

Executives are deciding what roles could be relocated to lower-cost hubs such as Plano, Texas; Columbus, Ohio; and Wilmington, Del.

Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.

An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.

The once-acquisitive company is not interested in a "roll-up strategy" in Texas's biggest city, said CEO Phil Green. In a Q&A, he also explained why loan competition is intensifying and what's really keeping business customers up at night.

Despite just $195 million in assets, the Lubbock, Texas-based CU has placed near the top of of its asset class in the annual Best Credit Unions to Work For rankings since 2015. Here's how they've done it.

The Dallas company inherited the loan relationship from a bank it bought in 2017.

The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand.

Ken Raymie, who previously served as the Texas-based institution's COO, was promoted to president and CEO.

The Mississippi company will pay more than $38 million for Texas First Bancshares.

The company will buy TB&T Bancshares, which operates branches near Texas A&M University.

The Texas-based institution will work alongside CU Financial Group to provide insurance solutions for members