Amegy Bank of Texas
| File:Amegy Bank logo.jpg | |
| File:5PosTOakPark.JPG Five Post Oak Park, the bank's main office | |
| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 1989 |
| Headquarters | Houston, Texas |
Key people | Scott J. McLean (CEO) Steve D. Stephens (President) |
| Products | Financial services |
| Owner | Zions Bancorporation |
Number of employees | 2,000+ |
| Website | www |
Amegy Bank of Texas—previously known as Southwest Bank of Texas—is a financial institution headquartered in Texas and operates as a subsidiary under Zions Bancorporation. It primarily serves markets in Houston, the Dallas-Fort Worth area, and central Texas. The bank’s corporate headquarters are situated in the Five Post Oak Park building located in Houston’s Post Oak Park commercial district. As of 2010, Amegy was recognized as the largest banking institution in Houston, managing assets totaling $11 billion, running 80 branches, and employing more than 2,000 personnel throughout Texas.
History
Established in 1989 under the name Northwest Crossing National Bank, the institution saw Walter Johnson join in 1990, who spearheaded the transition to the Southwest Bank of Texas brand. The bank completed its second round of capital raising in December 1992 and subsequently went public in January 1997.
On January 25, 2005, Southwest Bank of Texas revealed plans to rebrand as Amegy Bank of Texas, with the change taking effect on March 7. Concurrently, its parent company intended to rename itself from Southwest Bancorporation of Texas Inc., accompanied by a NASDAQ ticker symbol update from SWBT to ANBK.
In July 2005, Amegy Bancorp was acquired by Zions Bancorporation through a transaction valued at $1.7 billion involving cash and stock.
Amegy further expanded its footprint in 2007 by purchasing InterContinental National Bank based in San Antonio.
Headquarters
Amegy Bank’s main office is located within the Five Post Oak Park tower, part of the Post Oak Park business complex in Houston, Texas. The building was completed in 1982 and originally developed by The Winter Company; it remains a prominent feature of Houston's Uptown district.
The bank relocated to Uptown Houston in 1990, initially occupying nearly all space within the three-story ICA Center situated opposite Five Post Oak Park. This facility included a three-lane drive-through service.
Following an extensive two-year search for a new headquarters site, Amegy executed a location exchange with Heritage Bank in 1996, moving into Five Post Oak Park. Initially leasing space across five floors with room for growth, this relocation enhanced Amegy’s presence through increased signage and introduced a five-lane drive-through facility while maintaining its strategic position within Houston’s Uptown business area.