Texas Regional Bank is scheduled to begin construction in May of two branches in Terrell and Forney as part of its expansion efforts in Dallas-Fort Worth.
Each of the locations — the one at Centre Circle Drive in Terrell and the other at Wildwood Boulevard in Forney — bears an estimated construction cost of $1.7 million. With an anticipated delivery date of May 2025, the branches are about 3,500 square feet apiece.
Dallas Business Journal reported in February that Mandy Austin had been hired to oversee North Texas operations.
“The opportunity with Texas Regional was just something that I could absolutely not pass up,” Austin told DBJ. “The values that this organization has aligned with mine very closely, and the need that they had aligns with my background and my expertise perfectly. The expansion plans that they have in mind also aligned with my own vision for what a bank can do in the Dallas and North Texas region.”
Austin had previously been with the Bank of Texas for the past 17 years, according to DBJ. She told the publication she plans to double Texas Regional Bank’s deposits in the Dallas-Fort Worth area and expand the company’s industrial and commercial loan portfolio.
Texas Regional Bank entered North Texas when it acquired Denton-based AccessBank Texas in July 2022.
“This expansion gave us banking centers in north east Dallas, Downtown Fort Worth, Denton, Krum, and an ITM (interactive teller machine) in Ponder,” according to the company’s website.
“As of December 31, 2022, Texas Regional Bank has assets of approximately $2.63 billion with banking centers across the Rio Grande Valley, Texas Hill Country, Houston and DFW Metroplex. Without a doubt, the influence of its broad shareholder base and team of well-known and seasoned bankers has made Texas Regional the ‘Bank of Choice’ in the Texas markets.”
Harlingen-based Texas State Bankshares owns Texas Regional Bank.