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Faced with anemic demand for construction and real estate loans, community banks are continuing to find that the best way to expand in the much-desired commercial-and-industrial space is to raid bigger rivals.
October 18 -
ViewPoint Bank in Plano, Tex., is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.
June 8
ViewPoint Bank in Plano, Texas, has formed an energy-finance division.
The $3.4 billion-asset lender has hired Chris Parada to lead the new group, which will provide senior debt financing to oil and gas companies throughout the country, ViewPoint said Thursday. ViewPoint entered the energy-lending business in 2012 and has $80 million in outstanding commitments in the sector, it said.
Parada joins ViewPoint from OneWest Bank in Dallas, where he was senior vice president of energy lending. Previously, he worked in the energy-banking sector for Societe Generale. He will report to Michael Ansolabehere, ViewPoint's managing director of corporate banking
"While energy lending is relatively new to ViewPoint Bank, it's not new to our commercial lending team," ViewPoint Bank President and Chief Executive Kevin Hanigan said in the news release. "We're very pleased to have Chris Parada on board. He brings a deep knowledge of the energy finance business, as well as long-standing relationships in the industry."
