Green Bank Grows In North Texas

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Green Bank Grows In North Texas

 

Greenwade & Branch staff - Uptown

Geoff Greenwade joins Dallas market leadership for the opening of the newest Green Bank in Uptown Dallas. From left: Bart Bearden, Dallas Market President; Jenny Johnson, AVP, Private Banking; Geoff Greenwade, President and CEO; Tim Teske, SVP, Financial Institutions Banking and Brandon Searcy, AVP, Private Banking

HOUSTON, December 23, 2011 – Green Bank has opened a new office in Uptown Dallas this week, marking the third location for the bank in the Dallas market.  The facility, located at 2408 Cedar Springs between Fairmont and Maple, will bring Green Bank’s private banking services and business products to the Uptown district.

“Green Bank’s plan has long been based on organic growth and seeking acquisition opportunities; Uptown is a textbook example of the type of organic growth we seek” said Bart Bearden, Dallas market president for Green Bank.  “We’ve brought in two top-notch, experienced bankers who understand the affluent private banking market and the businesses that these folks own and run.  They are supported by our proven Dallas-based commercial banking team and underwriters.”

Green Bank, which has seen more than 400 percent growth in the last three years, has made two acquisitions of Texas Banks in the past 18 months.  This past summer, the bank crossed the threshold of $1 billion in total assets—placing it in the top eight percent of U.S. banks. 

Aligned with the overall trend, North Texas growth continues to be notable; the Green Bank’s commercial loans are growing an average $10 to $15 million per month.

“While the banking industry overall has seen shrinking loans over the last three years, we have added $800 million to our sound portfolio,” said Green Bank President and CEO Geoff Greenwade.  “North Texas is a solid part of our success; we continue to provide working capital and fund equipment loans to business, energy related projects, commercial real estate and refinance or purchase of homes.”

Green Bank first entered the Dallas market in 2010.  In June of that year, Green Bank’s holding company completed a $100 million equity capital raise transaction, which positioned the bank to acquire the Dallas branch of an out-of-state bank in November 2010.   The acquisition added nearly $175 million to Green Bank’s tally of deposits and resulted in Green Bank’s Preston Center location.

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