Category Archives: Finance/Banking

Lone Star Steps Up To Help

Restaurants like this one in Brownsville are the type of businesses that applied for SBA emergency loans. (VBR)

Lone Star National Bank President David Deanda knew he and his staff had the challenge of a banking lifetime before them.  The outbreak of COVID-19 had brought the South Texas economy to a sudden and shocking halt. Small businesses in the Rio Grande Valley were soon desperate for help. The federal government offered two lifelines. One was the Paycheck Protection Program. The other was the Economic Injury Disaster program.  Both…

Read More

Containing COVID Is Key To Economic Recovery

Restaurants and retailing have been hurt badly by COVID-19 outbreak and business shutdowns. (VBR)

The Rio Grande Valley’s economic recovery from the COVID-19 crisis will be prolonged. It could take 12-to-18 months, at the minimum, said leading bankers and economic development specialists. They say the recovery from the widespread business shutdowns this spring will stretch well into 2021. Recovery will also be dependent on one key factor. “It’s all going to depend on how we contain COVID,” said David Deanda, the president of Lone…

Read More

Alamo EDC Continues to Offer Popular Incentive

Alamo EDC Micro-Loan Program

During these rough times, the Alamo Economic Development Corporation continues to offer its programs to aid businesses in Alamo. One of the EDC’s most popular options is the Micro-Loan Program. The creation of the Micro-Loan Program came in order to help local business owners with storefront improvements, repairs and renovations. This program now utilizes a micro-loan as working capital to help alleviate operating costs that business owners have trouble covering.…

Read More

Women of Purpose Includes Farewell

The annual Women of Purpose Social Mixer on March 4 hosted by IBC Main in McAllen was even more special than past years. Keynote speaker Dalia Martinez, IBC executive vice president, spoke from the heart about overcoming challenges to earn mentorship status. Adrian Villarreal, IBC McAllen president and CEO, also spoke. But the evening belonged to Dora Brown. It was a retirement party. After years of doing what she loves,…

Read More

Quiroga Uses Immigrant Experience As Motivation

Joe Quiroga is the first Valley banker to serve on the Federal Reserve Bank of Dallas.

It’s an eventful road from being a 6-year-old child and recent immigrant struggling to learn English to being on the board of directors of the Federal Reserve Bank of Dallas. Joe Quiroga has been on that journey. He recalls the days when as a young boy, he would spend hours at the library in the coastal Texas town of Palacios. Quirgoa would pore over books, taking in a new language.…

Read More

Serving Brings McAllen CPA Joy

Lorena Castillo-Saldaña is a partner at Negrete & Castillo LLP in McAllen.

Born and raised in McAllen, Lorena Castillo-Saldaña loved visiting her maternal grandmother’s corner store in Reynosa. She would watch her grandma, her mom and her aunts as they worked. “I would see my mom tallying up lines of numbers,” Castillo- Saldaña said. “And I would think, ‘I want to do that!’”   That desire did not wane. After graduating from McAllen High School, Castillo-Saldaña enrolled at the University of Texas-Pan American…

Read More

IBC Bank Hosts Mentorship Presentation

IBC Bank-Brownsville recently held a luncheon at its Main Bank for the bank presidents from the four Minitropolis programs in the Brownsville area. Invitations went to Hudsonville, Cowboyville, Kenmont and Episcopal Day School Mintropolis presidents. Here, they had the chance to network and engage in conversation regarding the importance of their roles. In addition, IBC Bank-Brownsville President & CEO Al Villarreal introduced a mentorship program. It will allow students of…

Read More

Helping Business Owners Help Themselves

Christopher Wycoco conducts free one-hour seminars as part of his Business Made Easier series.

For Christopher Wycoco, business isn’t just about making money. It’s also about helping the community.  That’s why this young entrepreneur and owner of Wycotax is hosting regular free seminars for business owners who want to learn more about running their companies, whether it is a store, restaurant, doctor’s office or insurance agency.  Wycoco has been holding seminars called “Business Made Easier” throughout the Valley for several months and he will continue…

Read More

Planting the Banking Seed

A commemorative bill marking launch of First National Bank of Mercedes in 1920.

  A drive into town for Jose Platon Ortega usually meant a stop at the bank. For Ortega there was only one bank – the First National Bank of Mercedes. He was greeted there by friendly tellers, with one in particular knowing his account number by memory. “Veinticinco, cuarenta dos, diecinueve,’” said Saul Ortega, Jose’s son, who grew up knowing his Dad’s account number of 254219.  Jose Platon Ortega was a…

Read More

IBC Bank Awards Local Scholarships

IBC Brownsville scholarships 2019

Students from 12 area high schools are the recipients of a total of $12,000 in scholarships from IBC Bank-Brownsville. The A.R. Sanchez Sr. Memorial and Fred W. Rusteberg scholarships are need-based scholarships for those high school seniors possessing a commitment to IBC’s “Do More” philosophy. “At IBC Bank, we understand that the future of our community depends on the success of our students,” says IBC Bank-Brownsville President and CEO Al Villarreal.…

Read More