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Rio Bank Expands Footprint with New Banking Center in Alamo HeightsSan Antonio, TX - Rio Bank, a community bank headquartered in McAllen, Texas, is proud to announce the opening of its first full-service banking center outside of the Rio Grande Valley. The new banking center, located in Alamo Heights, Texas, marks a significant milestone for the bank as it establishes a presence in one of San Antonio’s most vibrant and growing neighborhoods. “The opening of our Alamo Heights banking center is a testament to our commitment to expanding our reach and serving the communities that matter most to us,” said Brian Humphreys, President of Rio Bank. “Alamo Heights is a thriving community with a strong sense of identity, and we are excited to become a part of its fabric.” The expansion marks Rio Bank’s 16th banking center with plans for future growth in Central Texas. The Alamo Heights banking center will offer a full range of personal and business banking services, including checking and savings accounts, loans, Wealth Management and Private Banking. The Central Texas team, led by Josh Collins, Executive Vice President and Director of Market Development, consists of talented and experienced bankers ready to provide personalized service to our customers. Collins adds, “Rio Bank has a rich heritage of community, commitment and relationship banking. I am excited to introduce San Antonio and our surrounding communities to Rio Bank, our kind of bank.” Samantha McKee, Private Banker, and Greg Stouffer, Business Development, are long time San Antonio bankers that understand the needs of community. Antonio Moreno, Commercial Loan Officer, is available to discuss loan requests for the growing community. Pricilla Tovar-Solis, Banking Center Manager and a Rio Bank employee of 12 years, will manage the day to day needs of our clients that visit our new location. Across Texas they remain committed to being “Your Kind of Bank, Your Kind of Banker!” The new banking center is located at 5700 Broadway, San Antonio, TX and will be open from 9 a.m. to 5 p.m. - Monday through Friday.
About Rio BankRio Bank is a community bank based in McAllen, Texas with operations across the Rio Grande Valley and San Antonio. With 16 locations in Central Texas and along the United States/Mexico border, Rio Bank and its nearly 200 bankers serves its customers in their communities. The bank is a leader in commercial lending and has a full range of banking, Trust, Mortgage and other financial services. Rio Bank had $790 million in assets and $393 million in loans as of September 30, 2023. The bank is focused on helping its community grow by adhering to their values of Honesty, Integrity and Quality Service.
Rio Bank Headquarters BuildingRIO BANK BUILDING PUBLIC ANNOUNCEMENTRio Bank has been growing steadily over the last Thirty Five years and we are excited to announce our new Rio Bank Corporate Headquarters in McAllen is now open for business. Our 115,000 square foot office building is a Class A Plus facility with tenant space as well as our bank. Rio Bank will occupy the first floor, second floor and the sixth floor. LOCATION OVERVIEWHigh visibility location with easy access to all parts of the Rio Grande Valley via Expressway 83. Adjacent to the high-end Newport Landing subdivision and minutes from Historic downtown McAllen and the McAllen Country Club/Country Club Terrace via Jackson Ave and McColl Rd. Additionally, Rio Bank Building is 5 minutes from the McAllen airport. The property is also in close proximity to McAllen Heart Hospital and Rio Grande Regional Hospital, both a part of the McAllen Medical Center. PROPERTY DETAILSOffice Space for Lease ∼ 115,086 SF available ∼ New Class A+ Office Development
Rio Bank Keeps Your Deposits Secure and LocalMessage from CEO and PresidentMarch 17, 2023 To the Customers and Communities Rio Bank serves, There has been a significant amount of discussion this week regarding the soundness of our nation’s banking industry. What happened to Silicon Valley Bank (SVB) in California and to Signature Bank in New York was unfortunate. We always feel sorry for businesses that fail. We sympathize with their shareholders and customers. The failure of these two banks is largely the result of some poor business decisions made by their management teams that exposed them to more risk than most banks in our country. We are reaching out to you today because the media seems intent on trying to make these two bank failures a national crisis in the banking system and that hysteria seems to be causing concern by some customers. For over 38 years, Rio Bank has been prudent in its lending practices by monitoring and maintaining strict policy limits in our loan portfolio. We lend to a wide range of industries and collateral types. This is a sensible practice for well-managed banks. On the deposit side of our bank, we are proud of the diversity in our nearly 24,000 accounts of which less than 2% exceed the current FDIC insured limit of $250,000. This core deposit base of Rio Bank remains a true strength of our organization. Rio Bank just completed an examination by the FDIC and received a very clean examination report. Your bank is on solid ground and there is no reason for any customer of Rio Bank to be concerned about the safety and soundness of their bank. One thing about banks, we are very transparent about our financial conditions. At the end of each quarter, every bank provides a copy of our financial statement and our profit and loss statement to the public. We encourage all depositors to look at the financial statements of the banks that they deposit money in and Federal Financial Institutions Examination Council Rio Bank has actually seen an increase in its number of customers during the past week. There seems to be a flight to safety and people see Rio Bank as the well-capitalized bank that it is. The holding company that owns Rio Bank has over $80 million dollars on deposit in Rio Bank and knows that money is safe. America’s banking system is resilient and remains able to support the economy and communities they serve despite global pandemic, rising inflation, and an unprecedented increase in interest rates. Texas banks are among the strongest in the nation. If Texas was a nation, Texas would have the 9th largest economy in the world. That is why you see so many out of state banks opening offices in Texas. Know that we, at Rio Bank, take our fiduciary responsibility to our customers very seriously. The business decisions we make are always putting prudence over profits. We are proud of our bank and the strong capital position that we hold. We maintain a strong liquidity position and we want to continue to maintain these sound banking practices not only today, but into the future. Your Kind of Bank and Your Kind of Bankers.
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