With an anticipated Q4 2019 opening, Gulf Capital Bank aims to redefine the value of a bank.
HOUSTON, September 30, 2019—Today, Gulf Capital Bank received conditional approval from the Texas Department of Banking and Federal Deposit Insurance Corp (FDIC) to open Houston’s first de novo bank in the market in more than a decade. The bank, expected to open in late fourth quarter 2019 or by early first quarter 2020, aims to redefine the value of a bank by offering the personal relationship touches of a traditional community bank combined with the ease of state-of-the-art banking technology and global connections provided by a group of Houston’s business and civic leaders.
The Gulf Capital Bank team is led by Ed Jones, Chairman and Chief Executive Officer, and Jonathan Homeyer, President and Chief Lending Officer. Jones and Homeyer are the former commercial banking managers of Houston’s largest banks, J.P. Morgan Chase & Co. and Wells Fargo & Company, respectively. Combined, the two hold more than 50 years of experience in the banking industry. The leadership team includes Noreen Skelly, Chief Financial and Chief Operating Officer with over 25 years of banking experience, most recently serving as former CFO of Veritex Holdings, Inc.; Jeremy Manning, Chief Information Officer, who joins the team with more than 25 years of technology and cybersecurity experience; Deborah Grayson, Chief Administration Officer and former EVP of the Bank of River Oaks; and Ashley Lyons, Director of Marketing with prior experience at a leading Houston marketing agency. Organizers include respected Houston business and civic leaders George DeMontrond, John Kotts, Reed Morian, Dan Tutcher, and David Weekley, as well as long-time West Texas banker David Williams.
“We see great opportunity within the Houston market to provide commercial banking to middle market companies, their owners and employees, and their families and friends,” said Jones. “Gulf Capital Bank intends to differentiate itself by offering more personalized, customized products tailored to individual needs of Houston’s premier businesses.”
“Our owners are our customers, and we consider our employees, shareholders and customers as family,” added Homeyer. “We look forward to serving the Houston community and bringing back a traditional community bank model while offering best-in-class financial products and modern banking amenities.”
The bank will be located on the first floor at One Riverway, at the corner of Woodway and South Post Oak Lane. It will offer walk-in services, such as checking and cash management, online banking and payments with Zelle®, mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans. Additionally, Gulf Capital Bank plans to target middle-market businesses with annual revenues up to $2 billion.