Amegy Bank
Encyclopedia
Amegy Bank NA, operating as Amegy Bank of Texas and formerly known as the Southwest Bank of Texas, is a bank with headquarters in the Five Post Oak Park
building in the Post Oak Park business park in Houston, Texas
. As of 2005 it is the largest bank in Houston.
As of 2010, the bank has USD $11 billion in assets, 80 locations and 2000 employees within the state of Texas
.
On the afternoon of Tuesday January 25, 2005, the Southwest Bank of Texas announced that it would change its name to its current name. The name change took effect on March 7 of that year. Southwest Bancorporation of Texas Inc., the parent company, was scheduled to change its name in May of that year, pending approval from the company shareholders. The NASDAQ
symbol for the company was changed from SWBT to ANBK.
In July 2005 Zions Bancorporation
announced that it would buy Amegy Bancorp for $1.7 billion in cash and stock.
In 2007 Amegy Bank signed a definitive merger agreement with InterContinental National Bank.
building in the Post Oak Park business park in Houston, Texas
. Five Post Oak Park, originally developed by The Winter Company, was completed in 1982. It is located in the Post Oak Park business park.
Amegy Bank first moved to the Uptown
area in 1990. Prior to 1996 Amegy Bank had its headquarters in the three story, 57000 square foot ICA Center, which is across the street from Five Post Oak Park. Amegy Bank leased almost all of the space in the building, which was owned by the Insurance Corporation of North America. The bank had a three lane drive in facility at the ICA Center.
For a two year period ending in 1996, Amegy searched for a location for its new headquarters. In 1996 Amegy decided to switch places with Heritage Bank, which leased in Five Post Oak Park. By July 1996 the two banks signed lease agreements with their new landlords. After Amegy moved to Five Post Oak Park, it initially received 80000 square foot of space while it had an option for more space. In addition the move allowed Amegy increased signage space and it allowed both banks to retain their offices in the vicinity of Uptown
. The bank initially leased five floors and placed signs on both sides of the building and on the ground level. The bank also gained a five lane drive through facility.
Five Post Oak Park
Five Post Oak Park is a skyscraper in Houston, Texas. The building, with Class A office space, has the headquarters of Amegy Bank.Five Post Oak Park is located in the Post Oak Park business park. Originally developed by The Winter Company and completed in 1982, Five Post Oak Park is a 28 story...
building in the Post Oak Park business park in Houston, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. As of 2005 it is the largest bank in Houston.
As of 2010, the bank has USD $11 billion in assets, 80 locations and 2000 employees within the state of Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
.
History
The Northwest Crossing National Bank was founded in 1989. Walter Johnson joined the company in February 1990. While he was the head of the company, its name changed to the Southwest Bank of Texas. Its second capital offering occurred in December 1992. Its first public offering occurred in January 1997.On the afternoon of Tuesday January 25, 2005, the Southwest Bank of Texas announced that it would change its name to its current name. The name change took effect on March 7 of that year. Southwest Bancorporation of Texas Inc., the parent company, was scheduled to change its name in May of that year, pending approval from the company shareholders. The NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
symbol for the company was changed from SWBT to ANBK.
In July 2005 Zions Bancorporation
Zions Bancorporation
Zions Bancorporation is a member of the S&P 500, a bank holding company headquartered in Salt Lake City, Utah, USA. Among its subsidiaries are Amegy Bank of Texas, California Bank & Trust, National Bank of Arizona, Nevada State Bank, the Commerce Bank of Oregon, the Commerce Bank of Washington,...
announced that it would buy Amegy Bancorp for $1.7 billion in cash and stock.
In 2007 Amegy Bank signed a definitive merger agreement with InterContinental National Bank.
Headquarters
The bank has its headquarters in the Five Post Oak ParkFive Post Oak Park
Five Post Oak Park is a skyscraper in Houston, Texas. The building, with Class A office space, has the headquarters of Amegy Bank.Five Post Oak Park is located in the Post Oak Park business park. Originally developed by The Winter Company and completed in 1982, Five Post Oak Park is a 28 story...
building in the Post Oak Park business park in Houston, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. Five Post Oak Park, originally developed by The Winter Company, was completed in 1982. It is located in the Post Oak Park business park.
Amegy Bank first moved to the Uptown
Uptown Houston
The Uptown District of Houston is located 6.2 miles west of downtown and is centered along Post Oak Boulevard, Westheimer Road , and the Galleria...
area in 1990. Prior to 1996 Amegy Bank had its headquarters in the three story, 57000 square foot ICA Center, which is across the street from Five Post Oak Park. Amegy Bank leased almost all of the space in the building, which was owned by the Insurance Corporation of North America. The bank had a three lane drive in facility at the ICA Center.
For a two year period ending in 1996, Amegy searched for a location for its new headquarters. In 1996 Amegy decided to switch places with Heritage Bank, which leased in Five Post Oak Park. By July 1996 the two banks signed lease agreements with their new landlords. After Amegy moved to Five Post Oak Park, it initially received 80000 square foot of space while it had an option for more space. In addition the move allowed Amegy increased signage space and it allowed both banks to retain their offices in the vicinity of Uptown
Uptown Houston
The Uptown District of Houston is located 6.2 miles west of downtown and is centered along Post Oak Boulevard, Westheimer Road , and the Galleria...
. The bank initially leased five floors and placed signs on both sides of the building and on the ground level. The bank also gained a five lane drive through facility.
External links
- Amegy Bank
- Southwest Bank of Texas (Archive)