Meridian Bank Texas Raises Full-Service Flag

(To read more on the debt and equity markets, click here.)

FORT WORTH-After nearly five months of laying groundwork, Meridian Bank Texas has opened doors as a full-service operation. The de novo bank has been doing commercial lending as an affiliate of a Phoenix-based sister company since last fall during the long haul to secure a Texas charter.

Glenn Monroe, president and CEO of Meridian Bank Texas, tells GlobeSt.com that outstanding loans, totaling $16.8 million, were acquired from Meridian Bank in Phoenix when the full-service flag was raised at 915 Florence St. in Fort Worth. The headquarters location, though, is going to move in late 2008 to become the anchor bank for an office complex to be built along Weatherford Street by locally based Klabzuba Oil & Gas Co.