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Two Banks Ticket Dallas for Offices, Targeting Owner-Operated Small- to Mid-Size Companies

DALLAS-Sterling Bancshares of Houston and Provident Bank of Cincinnati will open offices in Dallas, saying the owner-operated small- to mid-size commercial market is being under-served by existing lenders. Sterling's Dallas office will open in the fourth quarter.

By Connie Gore | Updated on October 30, 2000

DALLAS-The Dallas-Ft. Worth market is prime ground for two banks that will be opening offices, targeting owner-operated small to mid-size companies that financiers believe are underserved sector by the region’s banking industry.

In the fourth quarter, Sterling Banchsares Inc. of Houston will open a de novo banking office at 1250 Mockingbird Lane. The bank’s sign will be placed on the structure in adjunct with Sterling’s expansion plans, which has included the takeover of CaminoReal Bancshares in San Antonio. Sterling’s goal is to gain a foothold on the owner-operated company market in the state’s three largest cities – Houston, Dallas and the San Antonio-Austin region.

The office opening had been announced in May, but it is taking until the fourth quarter to for the necessary finish-out for move-in. The banking office will occupy 6,500 sf of ground-level space while a technology hub is planned for a similar amount of second-floor space. Additional bandwidth is being added to accommodate the high-tech hub.

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