Texas Partners Bank Market Research Report
Overview
Texas Partners Bank is a prominent financial network based in Central Texas, adeptly serving the fast-growing regions of San Antonio, Austin, and the Texas Hill Country. The bank is recognized for its ability to combine the technological advancements of a large institution with the personalized services characteristic of a local bank.
Website: [Texas Partners Bank](https://www.texaspartners.bank/)
LinkedIn: [Texas Partners Bank LinkedIn](https://www.linkedin.com/company/texaspartnersbank)
Facebook: [Texas Partners Bank Facebook](https://www.facebook.com/texaspartnersbank/)
Key Offerings
Commercial and Business Banking
Texas Partners Bank facilitates business growth through comprehensive commercial banking solutions that include cash flow management, business operations, and various financing options. Their private banking services offer personalized financial strategies and investment management, tailored to individual client needs.
Specialty Financing
The bank's Specialty Financing Group provides strategic consulting aimed at enhancing business value over long-term growth horizons.
Digital and Mobile Services
Sophisticated online and mobile banking services are available, allowing efficient access to accounts, bill payments, and money transfers, tailored to support both personal and business financial activities.
Financial Performance
Texas Partners Bank's financial achievements in 2023 include a reported revenue of approximately $108 million, showcasing a 23% increase from the previous year's $88 million figure. The institution boasts over $2 billion in asset management, indicating significant regional economic influence and capital strength.
Recent estimates show the bank's annual revenue at $17.9 million, with an estimated revenue per employee of $210,000 and a workforce growth of 16%, bringing the total employee count to 85.
Leadership
The bank’s leadership, comprised of a robust executive team and an influential board, drives its strategic and community-focused vision:
- J. Bruce Bugg, Jr. - Chairman and Chief Executive Officer
- Brent Given - President
- Amanda McChesney - EVP & Chief Credit Officer
- Tom Moreno - Chief Operating Officer
- Sherita Graves - SVP, Director Risk Management
- Jennifer Dunem - Sr VP, Treasury Sales Manager
- Michael J. Lynd, Jr. - CEO and Chief Investment Officer of Kairoi Residential
- Walter Belt - Consultant at Aventine Hill CFOs and Director at The Bank of San Antonio
Market Position and Expansion
Positioned robustly in growing markets, Texas Partners Bank has expanded significantly, notably through a merger with the Bank of Austin and Texas Hill Country Bank into its operations. This consolidation enhances the bank's competitive presence and operational efficiency across Central Texas.
Locations:
- San Antonio
- New Braunfels
- Austin
- Hill Country
Strategic Developments
- Merger: In a significant strategic move in 2020, Southwest Bancshares, Inc. merged The Bank of Austin, Texas Hill Country Bank, and The Bank of San Antonio into the Texas Partners Bank brand.
- Strategic Partnerships: A collaboration with Luther King Capital Management strengthens its regional footprint and market positioning.
Competitors and Industry Landscape
The banking landscape in which Texas Partners Bank operates is competitive, featuring notable competitors such as:
1. Investment Professionals, Inc. - Revenue: $34.9M, Employees: 151
2. Triumph Business Capital - Revenue: $86.6M, Employees: 330
3. Level Four Advisory Services - Revenue: $4.1M, Employees: 28
4. CRE Credit Services - Revenue: $7.9M, Employees: 47
5. The Credit Agents - Revenue: $7.1M, Employees: 42
These competitors focus on investment services, credit repair, and business advisory, illustrating a dynamic and multifaceted market.
As an emerging financial powerhouse, Texas Partners Bank remains committed to local decision-making and the provision of streamlined, innovative solutions to enhance the success and financial health of both individual and business clientele.
