Texas Partners Bank, the umbrella organization for the Bank of San Antonio, wants to offer more loans to local businesses.
Bria Woods / San Antonio ReportSan Antonio banker J. Bruce Bugg Jr. sees big opportunities for growth on the horizon for The Bank of San Antonio and its affiliated banks.
“It supports our organic growth,” said Bugg, chairman, CEO and president of Southwest Bancshares, the holding company for The Bank of San Antonio. He emphasized “organic” as a contrast to the mergers and acquisitions that often power other banks’ expansions, but which can prove complicating to operations.
Over the following year, in 2021, Texas Partners Bank grew its total assets by 34%. “That’s just phenomenal,” Bugg said. “We did not understand how powerful that merger would be.”Sign up to receive The Daily Reach every morning.Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.
Bugg said he sees the bank network expanding services into areas like New Braunfels, Boerne, and the stretch of I-35 between Austin and San Antonio.
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