Texas

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

Many Americans are behind in their retirement planning but less than 20% of credit unions provide wealth-management services.

The Dallas bank has recruited three executives from Deutsche to establish a unit in New York that holds assets in escrow for clients.

The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows.

The Louisiana company will enter two new markets after it buys the locations.

Kendall Garrison will lead the Austin, Texas-based institution after its current CEO, Paul Trylko, retires at the end of this year.

The bank will buy First State Bank of Mobeetie.