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San Antonio National Bank making its mark in the Valley

Tuesday, January 6th, 2009


Mark Hamel, Senior Vice President. Texas Border Business Exclusive photo,RHG.

By Roberto H. Gonzalez

 

            In case you haven’t notice, there is a new bank in our horizon. San Antonio National Bank (SANB) recently opened its doors for the first time at the corner of Jackson and Trenton, a convenient location for a growing area in Edinburg. The new location is the first of more to come in the McAllen area.

         It is reassuring to know about a young banking organization doing so well in only eighteen months since their inception. But the most amazing is the fact that they are being successful during the most challenging economic times in the US.

         San Antonio National Bank is a community bank that targets the needs of local residents and small to medium-sized businesses. Its retail products focus on the traditional market as well as the un-banked or under-served Hispanic population of South Texas.

         It is a subsidiary of San Antonio, Texas based Family Bancorp Inc., which was launched in September 2006 with veteran banker Kenny Koncaba, San Antonio National Bank Chairman/CEO. Koncaba is the former chief operating officer and president of Houston-based FC Holdings Inc. — the parent company of locally based First Community Bank.

            Texas Border Business met with Mark Hamel, Senior Vice President for the local financial entity during the McAllen Chamber of Commerce TOP 5 Small Business Awards event. There he stated that they plan to add 13 more locations to its branch network within the next 10 months.

         Seven of the planned branches are scheduled for San Antonio; two are planned for Laredo; three for the Rio Grande Valley; and one for the Houston metroplex.

         SANB, is a full-service, feder­ally-insured institution, that has grown from $53 million in assets to $218 million since SANB holding company Family Bancorp acquired the First National Bank of Refugio in May of 2007.

It has since expanded to service San Antonio, Laredo, Refugio, and the Rio Grande Valley with 10 branches and over two dozen ATMs.

Hamel also stated that San Antonio National Bank successfully raised $23 million through an initial private offering in 2007 and then this past June completed another private offering that brought in $11.5 million in capital. The bank has $217 million in assets, $164.8 million in deposits and $111.9 million in loans.

         Taking another gutsy step in its expansion plans, San Antonio National Bank reached an agreement to acquire the two-office Bank of Texas, based in De­vine. The acquisition is expected to close in the first quarter of 2009. Bank of Texas assets total $64 million. The combined banking companies will have assets close to $300 mil­lion.

         Based on facts, San Antonio National Bank is well on its way to meeting Koncaba’s $1 billion goal in seven years, prompting a potential third stock offering to investors during the first quarter of 2009.

        

Board Members: Kenny Koncaba, CEO and Chairman; Berto Guerra, Vice Chairman; Will Collins; George Kauss; Alejandro Quiroz; Fermin Rajunov; Wayo Salido, Jr.; Carroll Summers; and Larry Taylor.

         Advisory Board Members: Brent Byers; Rafa Garza; Christian Guerra; Jorge Herrera; Rose Ann Julson; Kristi Koncaba; John Morgan OBrien; Alan Neis; Ken Raymie; Dr. Seenu Reddy; Abe Wilson; and Kenneth Wright.

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