By Roberto Hugo Gonzalez,
As Originally Published by Texas Border Business newsprint edition.
Not long ago, BBVA a worldwide banking institution came to South Texas and acquired its first bank, The Laredo National Bank. Soon after they acquired what was difficult to acquire -Texas State Bank, and from there they have become a major force in the banking industry.
Manolo Sánchez, BBVA Compass Chairman & CEO, is the one in charge. Based out of Houston, Texas, he and his team are responsible for the success they’ve had in such a short period of time.
In this issue, Texas Border Business brings more about BBVA Compass Chairman and CEO Manolo Sánchez. Find out what lower oil prices in the world market mean and how this will affect Texas. Learn more about Mexico’s effect on the economy and more.
Good news, Edwards Abstract and Title Co. welcomes Mariana Ragousis Ramirez as the new McAllen Branch Manager. Mariana who is a unique professional being the second Escrow Officer in the history of Edwards Abstract and Title Co. to earn three certifications.
PlainsCapital Bank has been increasing their presence by participating in different events provided by local chambers of commerce such as the McAllen Chamber’s Prime Time event where Albert Chapa PlainsCapital Bank McAllen Market president had the opportunity to address a large crowd of new members.
Chapa said, “First of all, on behalf of PlainsCapital Bank I want to thank you for allowing us to continue being part of tonight’s Prime Time event.” Read more in this issue.
You will also meet Maribel Cavazos, an insurance agent and owner of Global Insurance Agency in Mission Texas. The company offers home, auto, commercial, life and supplemental insurance.
She has been in the insurance industry for the last 12 years and 10 years as an owner operator.
And even better news; the Rio Grande Valley cities are reporting great sales tax collections. Mike Blum brings this report to your attention. All cities except McAllen had double-digit collections. Inside you will find two tables that explain who is ascending rapidly and who is leading.
Another area that brings revenues to cities is tourism. Nancy Millar is the Vice President of the Convention and Visitors Bureau in McAllen. She says the Mexican buyer continues to be an important factor in how we do economically.
In her article, she says that what Mexican National shoppers spend here is a benefit to the area. Few, however, may comprehend how much of an impact those visitors and others have on the region, and just how much of a difference they make to all of us… read more inside this issue.
And what a nice surprise, Alfonzo Cavazos from the San Juan Luxury Auto Group became the Title Auto Sponsor for the 2015 VAMOS Golf Tournament Fundraiser. On top of that, the San Juan Luxury Auto Group has committed to a three-year endorsement as the tournament’s Title Auto Sponsor and contributing a grand total of $90,000 for the scholarship program for Valley Alliance of Mentors for Opportunities and Scholarships (VAMOS).
Let me encourage you to take this opportunity to save the date because VAMOS is holding its 19th Annual Golf Cup Tournament, on March 7, 2015 at the Palm View Golf Course.
I know that you will enjoy this issue! TBB
Written by Roberto Hugo Gonzalez the 2009 SBA Journalist of the Year Award Winner & The 2009 and 2012 Paul Harris Award Recipient.
