Meridian
Bank Texas Opens with Fort Worth Operations
Texas Team Draws on Experience of Local Lenders –
Offers Backing of Larger Financial Institution
Fort
Worth, TX – (Oct. 11, 2006) – Meridian Bank Texas,
a subsidiary of Meridian Bank, N.A., today announced its presence
in the Lone Star State with the opening of a loan production office
based in Fort Worth.
Initially focused on commercial, construction and commercial real
estate lending, Meridian Bank Texas will become a state chartered,
full-service commercial bank by early 2007 with emphasis on business
lending and commercial deposit gathering. The Fort Worth operations
are located at 915 Florence Street.
Meridian Bank Texas is led by a team of veteran Texas lenders. Glenn
Monroe, CEO, is the former head of commercial banking for First State
Bank of Texas in Denton. His executive team includes John Van Son,
former senior vice president at First State Bank of Texas in Denton,
Greg Stuteville, past senior real estate lender for TexasBank in
Fort Worth, and John Spencer, an accomplished real estate lender.
“Our Meridian Bank Texas team is comprised of successful and
experienced lenders, with a wealth of industry expertise,” said
Monroe. “We have the intimate knowledge of this community and
are supported by the capital strength of Meridian Bank. This gives
us the flexibility to be responsive and customer focused in the dynamic
Texas business environment.”
Meridian Bank Texas is backed by Meridian Bank, a $1.5 billion organization,
and Marquette Financial Companies, part of the larger financial services
holding company that is privately owned by the Pohlad family. The
strength of these relationships gives Meridian Bank Texas the lending
capability and capital resources to offer highly personalized banking
and relationship-based services geared toward entrepreneurs.
Meet the Meridian Bank Texas executive team:
-
Glenn Monroe, Chief Executive Officer
Glenn Monroe’s 22 years of commercial banking experience began
in North Texas as an oil and gas lender for MBank. After MBank was
acquired by Bank One, Monroe transitioned to group manager of commercial
lending. In 1992, Monroe joined the Pohlad family-owned bank, First
State Bank of Texas, as the bank’s senior lending officer,
helping the bank grow from $300 million in assets to $2.7 billion
in assets before it was sold to Wells Fargo in early 2002. Monroe
served as Denton County president for Wells Fargo from 2002 until
2004 before joining TexasBank as chief credit officer. With the recent
sale of TexasBank to Compass Bank of Alabama, Monroe has again teamed
with the Pohlad family, leading their return to the Texas banking
market. Monroe’s comprehensive commercial lending and bank
management experience, combined with the Pohlad family’s more
than 50 years of bank ownership and management, provides unparalleled
local leadership and strong financial support to Meridian Bank Texas.
Monroe has a BBA in Management and an MBA with a concentration in
Economics from TCU.
-
John
M. Van Son, Executive Vice President
John Van Son began his 20-year banking career in Minneapolis with
First Bank Systems prior to joining Park National Bank as a commercial
lender and branch manager. In 1997, he moved to Texas to become senior
vice president for First State Bank of Texas in Denton, becoming
business banking manager after the sale of the bank to Wells Fargo
in 2002. Van Son has extensive business banking expertise in real
estate lending, manufacturing, construction, distribution and the
service industry, and also has consumer lending and audit expertise.
Van Son received his BS in Business from the University of Minnesota
and, in 1994 graduated from The National Commercial Lending Graduate
School in Norman, Oklahoma. He has served on the Board of Directors
of the Denton Salvation Army, the Greater Denton Arts Council and
the YMCA.
-
Gregory
D. Stuteville, Executive Vice President
Native Texan Greg Stuteville brings 24 years of successful
commercial banking to Meridian Bank Texas. He began
his career at Interfirst
Bank in Houston, moving to the Dallas/Fort Worth area
almost 20 years ago to join Texas Commerce Bank as
the commercial real estate manager.
He most recently served as senior real estate lender
for TexasBank in Fort Worth. Stuteville has extensive
experience with major real
estate developments in much of the northeastern United
States, Florida, Arizona, New Mexico, Louisiana,
Oklahoma and California, with a range
of expertise that includes residential land development,
office, industrial and retail construction finance,
and multi-family and
hotel construction finance. Additionally, Stuteville
has significant experience working with capital lines
of credit, equipment finance
and acquisition financing for commercial and industrial
businesses. Stuteville is a graduate of Texas A&M
University in College Station, Texas, where he earned
a BA in Political Science and an MBA in Finance.
He has served on the Board of Directors for the Leukemia
Society of North Texas and the March of Dimes, as
well as numerous administrative
committees for Martin United Methodist Church.
-
John
A. Spencer, Senior Vice President
John Spencer has more than 30 years of residential construction
lending experience. As an
accomplished construction lender,
he has developed successful long-term relationships with home
builders and real estate developers. Spencer
received his BS in Business
and Accounting from Northeastern State University of Oklahoma
in 1971 and is a veteran of the United States
Navy
About Meridian Bank, N.A.
Meridian Bank is part of the larger financial services holding company,
Marquette Financial Companies, a privately held financial services
company owned by the Carl Pohlad family in Minneapolis, Minnesota.
The Pohlad family has had significant banking presence in Texas through
First State Bank of Texas, which was sold to Wells Fargo in 2002.
Meridian has total assets of $1.5 billion, consisting of the Phoenix-based
commercial bank and eight operating subsidiaries focused on real
estate finance, asset-based lending and factoring. The subsidiaries
are located throughout the United States, with primary operations
in Minnesota, Texas, California, Illinois and Southern California.
Meridian Bank is part of Marquette Financial Companies.
About Marquette Financial Companies
Marquette Financial Companies is a privately held financial services
company with a portfolio of operating companies focused on providing
financial services to businesses and their owners. Today, Marquette
Financial Companies has a variety of Texas operating businesses:
Marquette Business Credit, asset-based lending headquartered in
Dallas; Marquette Commercial Finance, factoring headquartered in
Fort Worth; and Marquette Consumer Finance, indirect auto lending;
and NorthMarq commercial real estate investment banking, both with
offices in Dallas and Houston. Meridian Bank Texas’ opening
of the loan production office in the summer of 2006 marks the return
of its commercial banking services in the state. With assets totaling
$2 billion, Marquette operates in 32 states with more than 900
employees. Marquette is part of the Pohlad family holdings, which
also include significant interests in the beverage, entertainment
and real estate industries, as well as the ownership of the Minnesota
Twins Major League Baseball team. For more information, visit www.marquette.com.
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