Compass Banks of Texas Inc., Houston, has promoted Mark Wagert to vice president and manager of its new small-business banking division.

The division will focus on companies with credit needs of up to $250,000.

Mr. Wagert was Southwest personal banking manager, responsible for 12 branches.

The bank also promoted Tammy L. Richards to vice president of commercial banking in Waco. She is responsible for developing relationships with commercial, construction, and home financing borrowers. Ms. Richards was an assistant vice president at Texas National Bank, Waco. Compass bought its holding company, Central Texas Bancorp. in July.

And, Compass hired Phillip R. Price as vice president of institutional asset sales in Dallas/Fort Worth. He will be responsible for marketing the bank's investment custody and administrative services to companies, financial institutions, foundations, and endowments.

Mr. Price was the primary investment officer for large employee benefit accounts at Bank One Texas.

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