other
confidence high
sentiment positive
materiality 0.30
Third Coast Bank converts from savings bank to Texas banking association
Third Coast Bancshares, Inc.
- Conversion effective March 13, 2024; primary state regulator now Texas Department of Banking.
- Bank remains a member of the Federal Reserve System and maintains FDIC insurance.
- Name removes 'SSB'; new website thirdcoast.bank and email @thirdcoast.bank from March 16.
- CEO says charter allows expansion of commercial loan portfolio while maintaining existing products.