Texas Regional Bank CEO and Chairman Michael Scaief expressed his admiration for the united efforts of the Rio Grande City community in supporting the construction of the bank's newest branch in the area.
“Never in our history have we seen a community come together like Rio Grande City has, to assure success and make things happen,” Scaief said, according to Texas Border Business.
Texas Border Business reports a celebratory event commemorating the start of construction of Texas Regional’s inaugural banking center in Rio Grande City, located at 4389 E. US Highway 83 Loop, attracted a notable gathering of attendees including Texas State Representative Ryan Guillen.
“I extend my deepest appreciation to the city for supporting this project, and to the EDC and Texas Regional Bank for their investment,” Guillen said, according to Texas Border Business. “I had the privilege of flying a flag over the capitol, which will soon fly proudly in front of the bank upon its opening. I extend my congratulations to the community and look forward to our continued partnership to ensure the prosperity of this bank and our community.”
According to Texas Border Business, Scaief said the facility is a $4 million investment and will have a sign at its entrance that reads “Welcome to Rio Grande City.”
“The bank will take center stage, with professional offices situated behind, and retail spaces further back, creating a diverse and comprehensive hub,” Scaief said, as reported by Texas Border Business.
Scaief discussed the bank’s history with Texas Border Business, saying, “Texas Regional Bank has proudly carved its niche as a homegrown institution, with its roots deeply embedded in the Rio Grande Valley. We started our journey 13 years ago in Harlingen, marking the birth of our first branch. Since this key milestone, we’ve witnessed significant expansion. Our network has grown to encompass 13 branches across the Rio Grande Valley, with an additional 29 branches in the Texas Hill Country, Houston, and the Dallas-Fort Worth Metroplex.”
Scaief noted, according to Texas Border Business, how the ownership structure of Texas Regional Bank is different than other financial institutions.
“It isn’t centralized but distributed among a myriad of shareholders,” Scaief said. “There is no single dominating shareholder; rather, our strength lies in the diverse ownership of approximately 1200 individuals. In essence, we epitomize a community bank, offering a wide range of services, including banking, mortgage, wealth management, trust services, and insurance.”
According to Texas Border Business, Retired Deacon RC Salinas from Sacred Heart Church of Escobares also expressed a welcoming attitude saying, “We are here for you, Texas Regional Bank, committed to supporting you every step of the way. We’re proud to be part of Rio Grande City’s story. Thank you for choosing us.”
Rio Grande City Mayor Joel Villarreal shed light on how the bank fits perfectly in the community with Texas Border Business. “The bedrock of banking is trust, a virtue that Texas Regional Bank personifies,” Villarreal said. “It fosters relationships grounded in loyalty, trust, and due diligence, reflecting the core values of our cherished Rio Grande City.”
