Veritex Community Bank - Company Research Report
Company Overview
Name and Mission
- Company Name: Veritex Community Bank
- Mission: Rooted in truth, transparency, and uncompromising integrity, Veritex Community Bank strives to serve the communities of Texas through personal and business banking services.
Founding and Key Figures
- Founded: 2010
- Founder: C. Malcolm Holland
- Key People:
- CEO: C. Malcolm Holland
- President & Chief Banking Officer: Dominic Karaba
- Chief Financial Officer: Terry Earley
- Chief Operating Officer: LaVonda Renfro
- Chief Risk Officer: Angela Harper
- Chief Credit Officer: Curtis Anderson
- Chief Talent Officer: Cara McDaniel
- General Counsel: Phil Donnelly
Headquarters
- Location: Dallas, Texas
Employees
- Number of Employees: Over 700
Revenue
- Revenue: No information is available
Company Recognition
- Known For: Veritex Community Bank is known for its commitment to truth and transparency in Texas banking. It is among the 10 largest banks headquartered in Texas and has received multiple awards for community service and excellence in banking architecture.
Products
Product Offerings
- Commercial & Industrial Loans: Tailored financial solutions for Texas businesses.
- Treasury Management Services: Ranging from direct deposits to credit card merchant services.
- Commercial Real Estate Lending: Financing for new or existing commercial real estate projects.
- Small Business Administration (SBA) Loans: Support for launching or growing small businesses.
- Business Banking: Services and solutions to accelerate business growth.
- Private Banking: Exclusive services for high-net-worth individuals.
- Home Mortgages: Mortgage solutions, including refinancing options.
Key Features
- Flexible Financing: Customizable loans tailored to individual business needs.
- Comprehensive Banking Solutions: Includes both traditional and digital banking services.
- Community-Oriented Services: Focus on supporting small business growth and financial literacy within Texas communities.
Recent Developments
New Developments
- New Locations: Opened branches in Cedar Crest, Southern Dallas, and Sugar Land, Southwest Houston.
- Sponsorship: Title sponsor for the Behind Every Door Olympic Games.
- Leadership Appointments: Ralph Hamm hired as Executive Vice President for Commercial & Industrial and Private Banking in Texas. Doug Cacurak appointed as Managing Director for the Dallas-Fort Worth market.
Product and Service Innovations
- Community Service and Outreach: Received awards for community service and financial literacy.
- Employee Recognition: Named by U.S. News & World Report as one of the Best Companies to Work For.
Partnerships and Community Involvement
- Community Partnerships: Engaged with organizations such as TruFund, Target Hunger, North Texas Food Bank, and more.
- Women in Business Program: A peer network initiative expanding in the Greater Houston area since 2021.
Additional Notes
- Veritex Community Bank's commitment to 'Truth in Texas Banking' reflects in their involvement in community events, educational programs, and strategic banking solutions focused on integrity and transparency.
