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PlainsCapital Bank Branches Acquisition

Monday, 08 August 2016

 

Falcon Bank to acquire two PlainsCapital Bank Branches

Falcon International Bank announced recently that it has entered into a definitive agreement with PlainsCapital Bank for the purchase of two full service bank branches located at 6625 San Dario Ave. and 6002 McPherson Rd. in Laredo, Texas.  The transaction will have the effect of adding over $10 million in loans, and $69 million in deposits.

Falcon Bank President & CEO, Gilbert Narvaez Jr., stated, “This transaction will provide the opportunity to further expand our market share in Laredo. It has always been important to Falcon to pursue opportunities in the markets we know best and this exemplifies such opportunity. We have cultivated many banking relationships in this community, and look forward to welcoming PlainsCapital Bank’s customers and employees to the Falcon Family. We are a community oriented bank committed to providing our customers with the quality service that they deserve.”

Falcon Bank was founded in Laredo, Texas in 1986 and is the 57th largest bank in Texas.   2016 has proven to be an exciting year for Falcon, not only are they celebrating their 30th anniversary, in February they surpassed the billion dollar asset mark. To add to this momentum Falcon was recently recognized by ICBA Independent Banker with a number 46 ranking in their listing of the Top 50 Fastest Growing Community Banks in the nation.  Following the completion of this transaction, Falcon will have total assets exceeding $1.1 billion, and 17 branch locations up and down the IH-35 corridor from Laredo to Buda, and along the United States and Mexico border from Brownsville to Del Rio, and banking representative offices in Monterrey & Guadalajara, Mexico.  This acquisition is subject to regulatory approval and is expected to close in the fourth quarter of 2016.  

ICBA Recognition

Friday, 05 August 2016 ibca

LHFC New Board Member

Thursday, 04 August 2016
Pepe_Zuniga_copy
Pepe Zuñiga
Congratulations Pepe, from all of us at Falcon, on
your appointment to the Laredo Housing Finance Board
of Directors. The nomination for Pepe was approved by
the City Council at a LHFC meeting held February 16,
2016. The mission of the Laredo Housing finance Board
is to provide affordable housing for the people of Laredo.
Thank you Pepe for helping our community and
representing Falcon Bank!

Spirit Award

Thursday, 04 August 2016

 

 

apolonio_borrego

Apolonio Borrego

On January 29, 2016 The Brownsville Catholic Diocese
honored Mr. Borrego with this year’s Spirit Award in
McAllen, TX. The award recognized Mr. Borrego’s years
of service to Guadalupe Regional Middle School, a tuition
free Catholic School in Brownsville. Mr. Borrego
has been part of the Board of the school for ten years,
serving on the finance committee, the executive committee,
and has served as chairman of the board for
two years.

Susie Guajardo - Promotion

Thursday, 28 July 2016 promo_copy
Maria de Jesus "Susie" Guajardo was promoted to Loan Operations Officer.
Susie has been a valuable part of our everyday operations her at Falcon Bank. She has been recognized for going the extra mile in her work and for this has been promoted to a position that will only allow her to acheive more for herself and for Falcon Bank. Congratulations Susie!
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