Texas Border Business
On Tuesday, March 21, 2023, Governor Greg Abbott appointed Texas Regional Bank’s Executive Vice President Alex Meade to serve on the Texas Transportation Commission which governs the Texas Department of Transportation, commonly known as TXDOT. Created in 1916, TXDOT is responsible for construction and maintenance of the state’s immense state highway system and the support of the state’s aviation, rail, and public transportation systems.
“I want to express my appreciation to Governor Abbott for having appointed me to serve on the Transportation Commission. I am grateful for the opportunities to serve on previous boards that have allowed me to better understand the needs of the State of Texas”, said Meade.
Texas Regional Bank is committed to supporting the economic development efforts of the State of Texas, of which improving the transportation infrastructure is key.
“Alex is perfect for this role. All his efforts at Texas Regional Bank have been dedicated to building relationships between the public and private sectors and will contribute immensely to the improvement and investment in mobility throughout the State. Congratulations to Alex for his impeccable reputation and the success he brings to everything he does and to Governor Abbott for choosing one of the outstanding leaders from “the people you know” at Texas Regional Bank” stated Michael Scaief, Chairman and CEO of Texas Regional Bank.
As of December 31, 2022, Texas Regional Bank has assets of $2.63 billion and 28 banking centers across the Rio Grande Valley, the Texas Hill Country, Houston and DFW Metroplex. Texas Regional Bank is a wholly owned subsidiary of Texas State Bankshares, Inc. with equity more than $151 million and more than 850 shareholders across Texas. TRB is a full-service financial institution, offering core banking services, trust services, wealth management services, mortgage services, international banking, insurance, foreign exchange, and public finance.
