Send
Encore Bank’s Texas aspirations stand at three offices and counting. So far, the Little Rock bank has full-service branches in the works for Austin, Fort Worth and Dallas.
The $834 million-asset lender will double the count of Arkansas banks with an office in Austin. Little Rock’s Bank OZK holds 0.43% share ($158.4 million) of the $36 billion-deposit market in the Texas capital.
That ranks 25th among the 50 banks on the ground in Austin, where Wells Fargo Bank of Sioux City, South Dakota, sits atop the list with a 20.84% share of deposits totaling $7.6 billion.
Encore will join Bank OZK and Pine Bluff’s Simmons Bank to expand the count of Arkansas banks in Fort Worth and Dallas to three.