Fort Worth, Texas (PRWEB) September 04, 2012
Texas Exchange Bank (TEB) today announced the opening of a new loan production office in Dallas. In line with its ongoing cross-state expansion, the bank has hired seasoned banker Tim Monter to its management team as Executive Vice President.
Today’s announcement continues a list of market-expanding initiatives the bank has undertaken over the past two-and-a-half years, with previously announced offices in Crowley, Fort Worth and Houston.
TEB officials stressed that the new loan production office comes in response to increasing commercial loan demand and growth. “We are actively funding $2 million-$5 million commercial business and real estate loans as well as community oriented loans in the range of $25,000 to $2 million, and we are targeting $5 to $10 million loans as we execute our growth plans,” reported Mike Palmer, CEO of Texas Exchange Bank.
“When we were building Texas Capital Bank, Tim was one of our first hires. Now with Texas Exchange Bank, I know that his market contacts and experience will make our entry into the Dallas market strong.”
TEB President Casey Sullivan added, “Tim has great experience across business lines, and we are excited about his focus on expanding our presence in commercial and industrial lending, and augmenting our already significant participation in commercial real estate lending.”
Tim Monter will lead Texas Exchange Bank's commercial loan and real estate lending efforts out of the Dallas, Texas office. Prior to joining TEB, Mr. Monter served as a financial institution consultant providing acquisition advice on open and failed bank opportunities to clients throughout the United States. He spent ten years as an Executive Vice President of Texas Capital Bank originating and managing commercial real estate and corporate loans as well as serving as the line of business manager for the bank's corporate real estate lending group. Tim's twenty-five-year experience includes five years managing the Teacher Retirement System of Texas' institutional real estate debt portfolio.
“I am impressed with TEB’s senior management team, access to growth capital, and plans for expansion,” said Monter. “After the success of Texas Capital Bank, I wanted to work with the same winning team again. I am excited about the opportunity to spearhead TEB’s expansion into Dallas, and look forward to serving existing and new customers there.”
Palmer commented further, “It is gratifying to take these concrete steps on executing our business plan, and I am confident we are well positioned for growth and success. We will continue to seek experienced bankers and great customer partners as we expand in existing and new markets in Texas.”
Go to the company’s press room at http://bit.ly/TexasExchangeBank for more information on today’s announcement plus bios, photos and logos.
About Texas Exchange Bank
Texas Exchange Bank [http://www.txexbank.com is a well-capitalized bank expanding its footprint in Texas with locations in Fort Worth, Crowley, Houston and Dallas. The bank has been locally owned and operated since it first opened for business in 1970 in Crowley, Texas. We take great pride in providing highly personalized financial services to our business and individual clients. Texas Exchange Bank opened its first Fort Worth branch in November 2010; its Houston loan production office in September 2011; Dallas in August of 2012; and plans to expand to other major Texas markets in 2013 and beyond. We are actively funding $2-to-$5 million commercial business and real estate loans as well as community-oriented loans in the range of $25,000 to $2,000,000. We are hiring experienced bankers to help us grow.
Dallas: 5956 Sherry Lane, Suite 1000, Dallas TX 75225. Contact Tim Monter at 214-346-2940.
Fort Worth: 301 Commerce Street, Suite 230, Fort Worth, Texas 76102.Contact Mike Palmer or Rick Jenkins at 817-207-0030.
Crowley: 109 North Crowley Road, Crowley, Texas 76036. Contact Jerry Pace at 817-297-4331.
Houston: 20333 State Highway 249, Suite 200, Houston, TX 77070. Contact Lloyd Whatley at 281-378-8030.