Falcon International Bank To Open Branch in Del Rio (August 10, 2005)
Falcon International Bank To Open Branch in Del Rio (August 10, 2005)Del Rio Resident named Managing Officer
Falcon International Bank, a $400 million institution with four locations in Laredo, a branch in San Antonio, and a representative office in Monterrey has been granted regulatory approval to establish a Loan Production Office (LPO) in Del Rio in temporary facilities at 315 South Main. The target date for the opening of said facility is August 16, 2005. The LPO will offer Commercial, SBA, Mortgage, Home Improvement, Home Equity and Interim Construction loans, as well as Lines of Credit.
By the end of August 2005, Falcon International Bank will convert the LPO into a full service branch with traditional banking services, including investments, insurance, and trust products and services.
In late 2005, the bank staff will move into a remodeled building at 504 South Main St. to operate a full service bank, complete with drive through lanes.
Long-time Del Rio resident Guillermo Willie Hyslop has been appointed Sr. Vice President/Managing Officer of the Del Rio branch for Falcon Bank. The bank will hire two additional loan officers from the Del Rio area at this time, with plans to increase the staff by as many as 15 people by the end of the year when they move operations to the permanent bank building. Hyslop will also be responsible for overseeing of the new Falcon Bank branch in Eagle Pass.
Hyslop has eight years of experience in the banking industry in Del Rio. A graduate of Southern Methodist Universitys Southwestern Graduate School of Banking and Texas A&M University with a B.S. in Business Administration, he also has his certificate in International Business from the Universidad de Las Americas in Puebla, Mexico.
The building that Falcon International Bank will occupy at the end of the year is an 11,500 sq. foot facility, which used to be a former bank many years ago, in downtown Del Rio. Falcon Bank is hiring Del Rio contractors for the refurbishing of this location.
Del Rio excitedly welcomes Falcon International Bank to our growing community, says Laura Plumb, Main Street Coordinator for the City of Del Rio. Having Falcon International Bank located in our historic central business district is definitely an added bonus. We see this new downtown business as a sure sign that our historic downtown is well on its way to a successful revitalization.
Several months ago, Falcon was encouraged by progressive business leaders to visit the community of Del Rio, says Falcon International Bank CEO and President Adolfo E. Gutierrez. We were told that Falcon would fit seamlessly into Del Rio's culture, as well as benefit immensely from its growth potential. What we found was a dynamic community, vibrant and poised for explosive development a community that immediately felt like home.
Falcon Bank is going to be a great partner in Del Rios future on many levels, but there are several that are especially important to me and I would imagine to all Del Rio residents: the banks emphasis on superior customer service; its sound philosophy; and the point that decisions will be made locally. The bank is a perfect fit for the cities rapid growth in many sectors, including industrial industry and government agencies such as the Border Patrol and Laughlin Air Force Base, says Del Rio Falcon Managing Officer Hyslop. In fact, Falcon Bank is already in the process of providing financing to a large housing community on the outskirts of the city.
Besides Falcon Banks six existing bank facilities, the bank management has plans to open additional banking units in the following Texas cities:
San Antonio: Full service branch will open at 2530 Southwest Military Drive at Zarzamora in late September 2005.
Buda: Full service branch will open at 1005 North Loop 4 at IH 35 in late August 2005.
Eagle Pass: private banking branch will open in September 2005 in downtown area at 725 Main Street. Within 8 to 10 months, plans call for a second full service branch facility to open on Bibb Street directly adjacent to the Wal-Mart.
McAllen: by August 15, Loan Production Office (LPO) will open at 220 North 10th Street, with plans to convert it into a private banking branch in the fourth quarter of 2005.
San Antonio: two additional full service branches are slated to open in this market in 2006.
A family-owned privately held business, Falcon Bank has served the Laredo market for 18 years and was named 172nd in the Hispanic Business 500 the annual directory in the June 2005 issue of Hispanic Business magazine of the top Hispanic-owned firms in the United States. That same magazine recently recognized the bank as 74th on its list of 100 fastest-growing Hispanic owned businesses. Falcon Bank earned its second consecutive High Performance Bank Award in 2003 by the National Bankers Association.
In ten short years, Hugo Gutierrez, Sr. and his four sons, Hugo Jr., Ricardo, Adolfo, and Roberto, and grandson Hugo III, have taken Falcon Bank from a bank with a staff of 20 and assets of $52.8 million to a chartered bank with 200 employees and assets of $400 million. Even with the great growth, the banks management and staff operate with a small-town banks sense of community, believing that building relationships with customers is just as important as building business transactions with them.
The Laredo Chamber of Commerce honored the Gutierrez family with the 2004 Distinguished Business Persons of the Year Award. Adolfo Gutierrez is now the banks President and CEO. Joining him on the Board of Directors are his brother, Hugo Gutierrez Jr., and father, Hugo Gutierrez Sr., who serves as Chairman of the Board. Hugo III acts as Marketing and Business Development Officer for the San Antonio branch in the Stone Oak area.
Falcon International Bank has an impressive and extensive record of active participation in the communities it serves. CEO/President Gutierrez has just been named Honorary Chairman for Walk America 2006 in Laredo. Other key chairpersons for the Walk that are Falcon employees include Lucy Lucio, chairperson of the 2006 Walk; Sabas Zapata III, Revenue Chairperson; and Jackie de la Viña, Team Captain for Falcon Bank and MOD Board Member. In addition, employees of Falcon Bank are well-known in their respective communities for selfless contributions to numerous endeavors, including Little League Baseball teams, the annual nationwide United Way campaign, Habitat for Humanity, the Salvation Army, Optimist Club, the Parent Teacher Association (PTA), the American Hearth Association, Communities in Schools, Hospice of South Texas, Friends for the Library, Junior Achievement of South Texas, and the Laredo Chamber of Commerce.
In keeping with its commitment to the Del Rio community, we will certainly join important civic organizations, and have plans to implement an Advisory Board made of local residents at some point, says Hyslop.
Through the Certificate of Deposit Account Registry Service, or CDARS, Falcon International Bank customers can deposit up to $20 million with eligibility for full Federal Deposit Insurance Corporation (FDIC) insurance, and get the convenience of managing funds through one relationship, allowing for a risk free investment. Contrary to popular belief, its not just the wealthy that need this service. Retirees and business owners are using the CDARS service, as well as many government and nonprofit organizations that are required to invest funds locally or with federal government backing. With CDARS, these customers can fulfill their obligation to invest locally, secure their funds, and have the added convenience of managing funds with one institution.