Texas Partners Bank, with assets surpassing $2 billion, commemorates 17 years of fostering partnerships within Central Texas communities
Southwest Bancshares, Inc., the holding company for Texas Partners Bank, has unveiled plans to rebrand all its regional bank subsidiaries under the name of Texas Partners Bank. The transition will see banking locations retaining their local names such as The Bank of San Antonio, The Bank of Austin, and Texas Hill Country Bank, while adopting the Texas Partners Bank charter name by the end of 2024.
J. Bruce Bugg, Jr., Chairman and CEO of Southwest Bancshares, Inc. and Texas Partners Bank, announced the decision, emphasizing the institution’s commitment to community partnerships. “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,” stated Bugg. He further highlighted the confidence of shareholders, employees, and clients in the bank’s long-term growth commitment.
The rebranding initiative will commence with the New Braunfels branch as the first Texas Partners Bank location, followed by branches in San Antonio (4), Austin (2), Kerrville (2), Fredericksburg (1), and Bandera (1). Texas Partners Bank was formed through the merger of Texas Partner member banks in 2020, resulting in The Bank of San Antonio becoming the surviving entity with a charter name change.
Bugg outlined the bank’s regional focus on San Antonio, Austin, and the Texas Hill Country, emphasizing personalized service and independent decision-making for local businesses. He credited the success of the bank to a group of investors from San Antonio’s business and civic leadership, who chartered The Bank of San Antonio in 2007 with $25 million in initial capital. Since then, the bank has grown to over $2 billion in assets in just 17 years.
Texas Partners Bank will continue to operate under its existing management and local banking teams, boasting relationship managers with an average of 28 years of banking experience. Brent Given, President of Texas Partners Bank, highlighted the institution’s dedication to supporting local founders and delivering relationship-oriented financial services.
About Southwest Bancshares, Inc.
Southwest Bancshares, Inc., headquartered in San Antonio, Texas, serves its customers through Texas Partners Bank in the San Antonio, Austin, and Texas Hill Country markets. The company’s principal executive office is located at 1900 NW Loop 410, San Antonio, TX 78213.
This press release is issued for informational purposes only and does not constitute an offer to sell or solicit an offer to buy securities of Southwest Bancshares, Inc. Any such offer or sale would be subject to compliance with applicable securities laws.
