Prosperity Bank Texas

Jeff Jenkins has a green thumb when it comes to growing banks. With more than 17 years of financial experience, he is the new city president for Prosperity Bank. Jenkins, 40, is charged with expanding Prosperity’s presence in the Jacksonville area. He expects it to become the St. Augustine-based bank’s biggest market.Before joining Prosperity, Jenkins was a commercial lender with First Coastal Bank in Virginia. Prior to that he worked as a credit analyst with Crestar Bank, also in Virginia. Jenkins was born in Opelika, Ala., but grew up “all over the South,” mostly in Georgia

A lone gunman is sought following the armed robbery of the Prosperity Bank branch here at 10:58 a.m. Wednesday. “We think he was acting alone, but we’re not certain,” said Yorktown Police Chief Paul Campos, noting that neither direction of travel nor mode of transportation was known. Campos said the two workers in the bank, both women, were unharmed. The chief said according to the two employees the man was carrying an automatic pistol, demanded all the money, and jumped over the counter. At one point the man demanded the two women lay on the floor, then had one get up and let

The Prosperity Bank Cuero banking center has a new home. Late last month, the bank and its eight employees moved into a newly constructed 4,652-square foot building on Church Street directly behind its previous location on Esplanade Street. A state historical marker adorns the building that Prosperity Bank vacated, once the home of the Buchel Bank founded in 1873. “The new building is more convenient with a lot of parking spaces. It’s also more efficient to better serve our customers,” said Phyllis Lapp, president of the Cuero center since 2004. The new facility includes four drive

Despite Texas’s reputation as one of the nation’s most lucrative financial markets, not every Texas bank is rolling in profits. Thirty-three of Texas’s banks and thrifts posted losses for the six months ended June 30, according to Sheshunoff Information Services Inc.’s latest survey of Prosperity Bank Texas profitability. The Austin, Texas, research firm says 15, or 20%, of Texas’s 75 thrifts incurred first-half losses, compared with 6.7% of thrifts nationwide. And 18, or 5.2%, of the state’s 344 banks operated in the red during the same period, compared with

local U.S. banks were the latest victims of the financial crisis facing the country, which rose close to 19 the number of entities that have succumbed to this, local media reported Wednesday. This is the Prosperity Bank Texas, whose deposits are acquired by other entities of the competition. The Federal Bank Deposit Insurance (FDIC) reported that the Prosperity Bank Texas, which has gross assets of 5,000 million dollars, will become part of Prosperity Bank Texas, which took deposits and part of values. The FDIC will assume the rest of the bank charges, which will cost the institution of about 1

Bay Community Bank in Newport News will be folded into Union Bank & Trust Co., which operates banks in the Richmond area. Bay Community is a sister bank to Union Bank & Trust, the largest affiliate of Bowling Green-based Union Bankshares Corp. Bay Community has four branches in the Tidewater area, so converting to Union Bank & Trust will give it a larger presence, said Anthony Peay, executive vice president and chief financial officer. “It’s more of a branding issue – to take advantage of the size of Union Bank & Trust,” Peay said. “It will be one less

Shannon Cooper isn’t exactly sure what career she wants to go into when she graduates from Flagler Palm Coast High School next year. However, the senior is sure that at some point in the future she wants to work for herself. In the meantime, Cooper, 17, is nurturing her entrepreneurial talent by getting real, hands-on training in Fran Noble’s marketing management class. I want to open my business and be able to run it and use the things I learned from this class,” Cooper said. Cooper is one of four Ana Urueta, 15, Jenna Lynch, 16, and Ashley Fibecote, 17 who are getting a head

It may be a little after the holidays before C. Williams and her children, get to move into their new Habitat for Humanity home on Washington Street. Still, she is most thankful to the community volunteers who participated in this area’s second Women’s Build. The last day for volunteers on site was Dec. 16,” said crew chief Tanya Ebersole of Camelot Custom Constructors. “The house will be dedicated in mid- to late-January.” With an estimated 90 percent of the labor being done by women, the Women’s Build is only one of the special theme builds sponsored by the

The U.S. District Court in Lufkin will hold preliminary detention hearings today for five of the 11 alleged “Kings Court” gang members who law enforcement authorities arrested on June 8 in connection with a large-scale drug trafficking ring in East Texas. Hearings begin at 1 p.m. and are scheduled to last until around 2:30 today at the Ward R. Burke Federal Courthouse. At the time of the arrests, First Assistant U.S. Attorney John Ratcliffe said the drug ring provided cocaine, marijuana and a small amount of methamphetamine to areas in East Texas and to places as far east as Georgia

As Dana Lawson was sworn in Friday in federal court, her shoulders trembled. It was the first court appearance for her and her alleged partner in crime, James Valentinisdee, for allegedly robbing Prosperity Bank Texas in Crockett May 3. The pair pleaded not guilty during their arraignments and chose to waive their right to a detention hearing. Valentinisdee appeared calm as he answered U.S. Magistrate Judge Keith F. Giblin’s procedural questions about personal finances, work history and education. He spoke in a steady voice behind the podium, wearing small-framed tinted glasses. Dressed in

American National Bank, Post Oak failed Thursday, and federal regulators sold its deposits to an El Campo holding company. Prosperity Bancshares, which operates three bank offices in more rural areas, will reopen the American National office today as Prosperity Bank Texas. Customers with insured deposits will be able to conduct their banking business as usual. Regulators said the bank will pay people with accounts that exceed federal deposit insurance levels 78 percent of the uninsured portions. At the time the bank closed, American National had about $1.3 million in 33 accounts that was not insured

Bank deposits in gregg county jumped $132 million in the year ending June 30, and continue to set records as more institutions join the fray in attempting to lure new customer deposits in their vaults. According to figures provided by the Federal Deposit Insurance Corp., institutions in the county banked $2.262 billion in deposits as of June 30. That figure was up 6.2 percent from June 30, 2006, when FDIC reported total deposits of $2.13 billion. Gregg County’s deposit growth was considerably better than the national average of 3.9 percent, according to FDIC figures. Deposits in all types

Battling back from nearly total devastation in the 1980s and early 1990s, Dallas-Fort Worth’s banking industry has undergone a strengthening transformation with the help of new laws and national trends. What forces led to the ’80s crash, and how is today’s banking climate different? The Dallas Business Journal asked those questions at our June 27, 2002 25th Anniversary panel discussion on D-FW banking. Participants were: Phil Dyer, president, Legacy Bank of Texas; Joseph M. Grant, chairman and CEO, Texas Capital BancShares; Charles L. Gummer, president and CEO, Prosperity Bank

When SouthTrust Corp. bought Founders National Bank, holding company president and CEO Donald Holland, thought he would retire. But retirement didn’t agree with him. “I didn’t find that pleasing,” said Holland, a banker for 40 years. Now Holland is one of several banking veterans organizing new banks. “When consolidation occurs, you have investors with money in their pockets, and executives with time on hand,” said Curtis D. Carpenter, managing director of Alex Sheshunoff Management Services Inc., an Austin-based bank advisory firm. “Playing golf gets a

Comerica is packing up its corporate headquarters and moving from Motown to Big D, where it will become by far the largest Texas-based bank holding company. The 158-year-old bank, with $58 billion in total assets, said it’s making the move out of Detroit to be closer to its expanding markets in Texas, Florida and California. It has operated branches in those states for almost 20 years. The bank holding company, which has 71 locations in Austin, Houston and the Metroplex, will pull in $3.5 million in economic incentives from the state and $500,000 more from the city of Dallas in the form of