Southwest Bancshares, Inc., Announces Texas Partners Bank as the Regional Bank Brand
April 18 2024 - 7:18PM
Business Wire
With over $2 billion in assets, Texas Partners Bank celebrates
17 years of powering partnerships in Central Texas communities.
Southwest Bancshares, Inc., the bank holding company for Texas
Partners Bank, today announced its plans to brand all locations of
its regional bank subsidiary under the existing bank charter name,
Texas Partners Bank. These banking locations will continue to
reflect their respective names of The Bank of San Antonio, The Bank
of Austin, and Texas Hill Country Bank in the Bank’s respective
market areas, and will update their branding to the Texas Partners
Bank charter name by year-end 2024.
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J. Bruce Bugg, Jr., Chairman and Chief Executive Officer of
Southwest Bancshares, Inc. and Texas Partners Bank, made the
announcement.
“Texas Partners Bank is fueled by the steadfast power of
partnerships. Our deep commitment to serving local communities is
anchored by the relationships we earn every day,” Bugg said. “Texas
Partners Bank is true partnership in action, thanks to the
confidence our shareholders, employees, and clients have in our
long-term commitment to growth.”
The newest bank location in New Braunfels will be the first
branded Texas Partners Bank, followed by the financial centers in
San Antonio (4), Austin (2), Kerrville (2), Fredericksburg (1), and
Bandera (1).
Texas Partner member banks merged in 2020 when The Bank of
Austin and Texas Hill Country Bank merged with and into The Bank of
San Antonio. The name of the surviving bank’s charter was changed
to Texas Partners Bank. Legacy banking locations will operate under
their charter bank name, Texas Partners Bank.
“Texas Partners Bank serves three rapidly growing markets – San
Antonio, Austin, and the Texas Hill Country – with personal service
and independent decision-making for local businesses. We have a
comprehensive regional service platform that drives growth and
increases profitability,” Bugg said.
Bugg assembled a small group of investors from San Antonio’s
business and civic leadership in 2007 to charter The Bank of San
Antonio with $25 million in initial capital and assets. He used the
same approach to charter Texas Hill Country Bank in 2009 and to
charter The Bank of Austin in 2017. The three banks have common
shareholders who are friends and civic and business leaders in San
Antonio, Austin, and the Texas Hill Country, Bugg said, “With the
newest banking location being opened in New Braunfels in 2023.
Since the initial charter was issued for The Bank of San Antonio,
the Bank has grown to more than $2 billion in assets in just 17
years.”
Texas Partners Bank will maintain its existing management and
local banking teams. Each relationship manager has an average of 28
years of banking experience.
Brent Given, President of Texas Partners Bank, said, “We are
partners for local founders. Our team delivers
relationship-oriented financial services, and each of us are united
in our singular mission to earn trusted partnerships.”
About Southwest Bancshares, Inc.
Southwest Bancshares, Inc., is a bank holding company based in
San Antonio, Texas. It provides a broad range of financial services
to its customers through Texas Partners Bank, which operates in the
San Antonio, Austin, and Texas Hill Country markets. The principal
executive office of Southwest Bancshares, Inc., is located at 1900
NW Loop 410, San Antonio, TX 78213.
This press release is for informational purposes only. It will
not constitute an offer to sell or the solicitation of an offer to
buy, nor will there be any sale of Southwest Bancshares, Inc.,
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful under the securities laws
of such state or jurisdiction.
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Angelica Palm, Marketing and Communications Director
Angelica.Palm@texaspartners.bank 210.424.8752