Rio Bank

Rio Bank is a locally owned and managed bank headquartered in McAllen, Texas with 14 Texas locations across the Rio Grande Valley.[1]

History

In February 1985, Rio Bank opened its doors as a retail oriented bank primarily catering to consumers for both deposit and loan business.[1]

In 1995, the bank opened its second banking center in North McAllen, Texas.[1]

In 2002, the bank opened two new banking centers one in San Juan, Texas and the other in Palmview, Texas.[1]

In 2005, the bank opened a new banking center in Brownsville, Texas and in 2009 opened a new banking center in Weslaco, Texas.[1]

In 2018, Rio Bank acquired Elsa State Bank & Trust. The merger increased Rio Bank's current $350 million in assets by an additional $200 million. The merger added locations that Rio Bank previously did not service, such as Starr County, Texas and Cameron County, Texas.[2]

In 2019, the bank is expected to complete their new corporate headquarters building and move their operations by the end of the year.[3]

gollark: Some sort of magic box with an internet connection and possibly video output? Yes.
gollark: They certainly seem to obtain PCBs from *somewhere* in fairly large quantities.
gollark: In one of the other departments.
gollark: I think the school also has some sort of PCB production equipment extant.
gollark: Actually, the time per unit time increases asymptotically as you approach 1970.

References
  1. "History". www.riobk.com.
  2. Garcia, Cristina M. (May 17, 2018). "Rio Bank set to acquire Elsa State Bank".
  3. "Rio Bank Topping Event". www.krgv.com.
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