Category Archives: Finance/Banking

Rio Bank Tops Off New Headquarters

Hundreds gathered for the Rio Bank “Topping Out” lunch on Jan. 17 to celebrate the final beam addition to the new corporate headquarters in McAllen. Signing the beam were contractor workers and Rio Bank directors and employees, as well as other business leaders. The beam then made its way to its destination atop the sixth floor of the building on the north side of the Interstate near McColl. With roughly…

Read More

UTRGV Offers Accelerated Online Masters

utrgv-college-of-business-and-entrepreneurship

A new online Master of Accountancy program is now an offering in UTRGV’s Accelerated Online Graduate Programs in the Robert C. Vackar College of Business & Entrepreneurship. The MACC program is for accounting professionals seeking skills and knowledge to advance into a leadership role. It also enables students to satisfy the 150-hour requirement of the Texas State Board of Public Accountancy to sit for the Certified Public Accountant examination. “The online accelerated MACC program…

Read More

IBC Executive Meets with Mexican Leaders

IBC Bank Executive Vice President Gerry Schwebel and Chief of Staff designee and Liaison to the Mexican private sector Alfonso Romo

IBC Bank Executive Vice President Gerald “Gerry” Schwebel recently participated in a mission to Mexico City to meet with leaders of the incoming government of President-elect Andrés Manuel López Obrador. Organizer of the mission was the U.S.-Mexico CEO Dialogue, an initiative of the U.S. Chamber of Commerce. The group, made up of both U.S. and Mexican leaders, addresses core issues in the countries’ bilateral relationship. Schwebel and other representatives met with…

Read More

Entrepreneurial Enthusiasm

WycoTax owner Christopher Wycoco, second from right, with his team at the company’s Harlingen office. (VBR)

Christopher Wycoco was the first man to graduate from the Entrepreneur Boot Camp at the Women’s Business Center of Cameron County. This year, the Women’s Business Center nominated him for, and he received, the 2018 Minority Business of the Year Award from the Small Business Administration. A native of the Philippines, Wycoco came to the Rio Grande Valley to pursue a career as a registered nurse, taking a position at…

Read More

UTRGV Students Take Trading Competition

Christopher Martinez, Michael Villarreal and Jose Naveja with faculty advisor Bruno Arthur (UTRGV Photo)

A group of undergraduate business students from The University of Texas Rio Grande Valley recently beat out more than 500 teams from 37 countries to capture their first ever championship win in the 15th annual CME Group Trading Challenge. Christopher Martinez of McAllen, Michael Villarreal of Rio Grande City and Jose Naveja of Progreso finished the competition with a total of $706,585. They beat out second-place competitor Kansas State University, who…

Read More

Getting Ready to Pay the Taxman

CPA Javier Alacron discusses tax reform with small business owners.

Some elements of the new tax reform package that was signed into law late last year and took effect in 2018 are straightforward and simple to understand. Others are detailed and complex. And some areas are cloudy since the regulations haven’t been written yet. The simplest part of the package to understand is the lowering of tax rates in the seven tax brackets for individuals. “Whatever bracket you are in,…

Read More

Lone Star Breaks Ground on New Banking Center

Lone Star National Bank officials and community leaders turn shovels of dirt at the groundbreaking ceremony for the bank’s second Edinburg location. (VBR)

In front of the building already under construction, Lone Star National Bank hosted a groundbreaking ceremony Feb. 7 to celebrate its second Edinburg location. The new branch will be the 34th in a network of banks throughout both the Rio Grande Valley and San Antonio. “Our goal is to continue to grow in the Valley, Lone Star National Bank President and CEO David Deanda said. “We are always there to…

Read More

Small Banking Has Big Rewards

Greater State Bank President and CEO David Salinas in front of the vault.

David Salinas’ first job in banking was to make sure the candy bowls for customers were kept full at First State Bank on the downtown square in his hometown of Edinburg. Building on that modest start, Salinas has lived a full career in banking that includes working for the Office of the Comptroller of the Currency before working for large regional banks like Texas Commerce Bank, International Bank of Commerce…

Read More

Texas Regional Breaks Ground on Corporate HQ

Texas Regional Bank President and CEO Paul Moxley gestures during his remarks at the groundbreaking ceremony for the bank’s new corporate headquarters.

As Rio Grande Valley temperatures plunged with a blast of winter weather, members of the Harlingen business community huddled together under a tent for a groundbreaking ceremony to mark the start of construction of Texas Regional Bank’s corporate headquarters. Just a few days earlier the bank opened its newest Harlingen branch in a temporary building at Stuart Place Road and Expressway 83, right next door to where the new banking…

Read More

IBC Helps Open Another Minitropolis

Brownsville area elementary school launches Cowboyville The IBC Bank Minitropolis program has expanded yet again, allowing more students to see how a community works together for the good of its citizens. Rosita del Castillo Elementary and IBC joined together Oct. 19 to hold a ribbon cutting and launch the school’s edition of Minitropolis, Cowboyville. Through the program, all students hold a variety of real world positions, depending on both individual…

Read More