Industry News

Q2 awards VeraBank as Bank of the Year

7/1/2024
VeraBank was recognized for demonstrating exemplary digital innovation and an unmatched commitment to the customer experience.

Guaranty Bank & Trust announces educational partnership with Texas A&M University-Texarkana

7/1/2024
Guaranty Bank & Trust, N.A. announced a new academic partnership with Texas A&M University-Texarkana to support the education and professional growth of its full-time employees.

IBC ranked third on Forbes’ 2023 list of America’s Best Banks

7/1/2024
Laredo-based International Bancshares Corporation ranked third on the 15th annual prestigious list of Best Banks in America for 2023.

Frontier Bank of Texas opens new location in Smithville

7/1/2024
The newest Frontier Bank location serves residents and businesses in southern Bastrop County and the surrounding area.

Southwest Bancshares rebranding banks

7/1/2024
San Antonio-based Southwest Bancshares will rebrand its regional bank subsidiary to Texas Partners Bank by the end of this year.

Business First Bancshares, Inc., to acquire Texas bank

7/1/2024
Business First Bancshares, Inc., announced that it entered into a definitive agreement to acquire Oakwood Bancshares, Inc.

FHFA issues final rule for fair lending

7/1/2024
The rule enhances the Equitable Housing Finance Plans, adds oversight of unfair or deceptive practices, requires additional compliance certification and sets precise standards for fair housing and lending principles for their boards.

TBA Foundation responds to Central Texas storms

7/1/2024
The Texas Bankers Foundation provided financial help in response to the May tornado in Temple and other destructive storms in the region.

FCC rules consent required for AI use

7/1/2024
The FCC issued a ruling that speech generated by artificial intelligence requires consent of the called party, per the Telephone Consumer Protection Act.

TFNB Your Bank for Life opens sixth location

7/1/2024
Waco-based TFNB Your Bank for Life in April announces the opening of their sixth location in the vibrant heart of Woodway / Hewitt.

Sec. 1071 compliance date adjustments announced

7/1/2024
Since 290 days have passed since Judge Crane issued the preliminary injunction requested by TBA, Rio Bank and ABA on July 31, 2023, the CFPB now plans to issue an interim final rule to extend compliance deadlines.

ANBTX expands to South Dallas

7/1/2024
Dallas-based American National Bank of Texas will open a South Dallas loan production office in the fall. The office will serve as the new home for the bank’s Emerging Markets team.

CFPB to define BNPL providers as credit card providers

7/1/2024
The CFPB issued in May its interpretive rule to address the applicability of subpart B of Regulation Z to lenders that issue digital user accounts used to access credit, including to those lenders that market loans as “Buy Now, Pay Later” (BNPL).

Comerica Bank achieves ‘outstanding’ rating

5/1/2024
Comerica Bank received the highest overall rating of “Outstanding” in its 2023 CRA Performance Evaluation.

Federal agencies extend applicability date of new CRA rule

5/1/2024
This means banks will not have to make changes to their assessment areas or public files until January 1, 2026.

TBA Texas Tour July/Aug ad