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September 6-12, 2026. The TDB reports that Texas Patriot Bank, based in Frisco, has applied to establish a bank charter. The OCC reports that it has approved an application by First Texas National Bank, based in Floydada, to establish a branch at 231 W. Main St. in Denison. The OCC reports that Woodforest National Bank, based in The Woodlands, has applied to establish a branch at 20025 Eva St. in Montgomery. The OCC reports that JPMorgan Chase Bank NA, based in Columbus, Ohio, has established a branch at 616 FM 1960 W, Ste. 100, in Houston. The OCC reports that PNC Bank NA, based in Wilmington, Delaware, has established a branch at 319 W. Loop 1604 S in San Antonio. The OCC reports that BankUnited NA, based in Miami Lakes, Florida, has applied to relocate a branch from 5610 Lemmon Ave., Ste. A2, in Dallas to 2611 Cedar Springs Rd. in Dallas. The TDB reports that First Financial Bank, based in Abilene, has applied to establish a branch at 12101 Bee Cave Rd., Bldg. 3, in Bee Cave. The TDB reports that American Bank of Commerce, based in Wolfforth, has applied to establish a branch at 1150 Bee Cave Rd., Austin.

Finance is the most dominant sector by revenue, new Fortune 500 Europe list shows. Good morning. Volkswagen has topped the Fortune 500 Europe for a third straight year, even as the auto industry it leads gets squeezed by tariffs and Chinese competition. The automaker's revenue still climbed 3.4%, to more than $363 billion, in the fourth edition of Fortune's ranking of Europe's largest companies by revenue. The combined revenues of the companies on the list hit a record high of $15.5 trillion this year. Profits rose 3% to just over $1 trillion, rebounding from a 5% decline in 2025. Across the Fortune 500 Europe, margins have narrowed for two years running, falling to 6.5% from a high of 7.1% on the 2024 list - despite record revenue and profit growth. That's consistent with stagflation pressures weighing on Europe's corporate sector, Guido Cozzi, a macroeconomics professor at the University of St. Gallen, told Fortune's Sam Birchall. Three sectors generate over half of all revenue on the list: financials (24%), energy (20%), and motor vehicles and parts (10%). Finance remains Europe's most dominant sector by revenue, profit, and headcount. A total of 105 finance companies earned a spot in the rankings, together generating 24% of the list's total revenue, with Banco Santander (No. 9) and BNP Paribas (No. 10) in the top 10. Financial companies also account for 40% of the list's profit and employ 14% of its workforce. HSBC (No. 11) is the most profitable company on the list, recording $22 billion in profits for 2025 and one of only 25 companies to generate more than $10 billion in profits. Europe's finance-sector prominence stems from its biggest banks' global reach and technical sophistication, Howard Yu, a professor at IMD Business School, told Birchall. Their decades-long presence in emerging markets gives them a depth few global rivals can match, he argues, calling it "a genuine strategic edge." Energy companies generate 14% of the list's overall profit, and the sector ranks second to financials in employment. Another notable finding: BP is the only top-10 company with a woman CEO, Meg O'Neill. She's also No.16 on this year's Fortune Most Powerful Women (MPW) list. When O'Neill took over as CEO on April 1, she became the first woman to lead one of the five major oil companies. BP is also the only one of its peers with women in both the CEO and CFO roles. Kate Thomson became BP's finance chief in February 2024 after serving as interim CFO, making her the first woman to hold the role at the company. At Shell, No. 2 on the Fortune 500 Europe list, Sinead Gorman has served as CFO since April 2022. Gorman also earned a spot on this year's MPW list. Leaderboard. Jamie Anderson has been promoted to president of First Financial Bancorp. (Nasdaq: FFBC) and First Financial Bank, effective immediately, while retaining his title of CFO Anderson, who has more than 26 years of banking experience and previously served as CFO of MainSource Financial Group, will now oversee the bank's operational management and financial performance in addition to his finance duties. Steve Delahunt, currently VP and corporate treasurer at Cabot Corporation (NYSE: CBT), has been named interim CFO, effective Oct. 1. He steps in as Erica McLaughlin, currently EVP, CFO, and head of corporate strategy, ascends to president and CEO, succeeding Sean Keohane. Cabot is conducting a search for its next permanent CFO. Delahunt brings more than 30 years of finance and treasury experience, including nine years leading Cabot's investor relations function through January 2026. Big deal. A new EY survey of 202 senior AI executives at billion-dollar-revenue companies finds that autonomous AI deployment is outrunning governance controls, creating what EY calls an "AI governance gap." While 98% of respondents say their organizations have formal AI governance policies, 47% admit they've bypassed those processes for urgent deployments, and roughly two-thirds cite a lack of internal expertise to design, implement, or evolve governance controls. The gap is most acute with agentic AI: 91% of organizations are piloting or deploying it, yet 49% haven't updated governance frameworks to address it. Meanwhile, 85% report systems that act without real-time human oversight, and 26% can't even detect unauthorized AI agents running internally. However, EY notes that companies conducting formal AI assurance reviews are catching problems, with 64% modifying a quarter or more of their AI systems and 25% fully halting at least a quarter of them after review. Going deeper. The Fed is widely expected to raise interest rates by 0.25 percentage points at today's announcement, bringing its target federal-funds rate range to 3.75%-4.00%. Friday's U.S. consumer price index report showed inflation running at 3.4% year over year, still above the Federal Reserve's 2% target. The CME FedWatch futures market was pricing in roughly a 90%+ probability of a quarter-point hike ahead of the decision. Overheard. "Community banks begin with an advantage that technology companies must spend heavily to acquire: trust." - John D'Agostino, head of strategy at Coinbase Institutional, and Chris B. Kennedy, managing director of strategic technology and AI at Regions Bank, write in a Fortune opinion piece that banks should compete on technology, not fear it. By Sheryl Estrada Senior Writer and author of CFO Daily

First Financial Bank ABILENE region announces leadership transition and Executive promotions. Aug 06, 2026, 16:05 ET ABILENE, Texas, Aug. 6, 2026 /PRNewswire/ - The Board of Directors of First Financial Bank, a subsidiary of First Financial Bankshares, Inc. (NASDAQ: FFIN), has announced a series of leadership transitions and executive promotions within its Abilene Region including the year-end retirement of longtime Abilene Region leader Marelyn Shedd, the promotion of Marshall Morris to Chairman, President and CEO of the Abilene Region, Evan Harris to Executive Vice President, Senior Relationship Manager - Construction and Development, Dayton Borger to Executive Vice President, Senior Relationship Manager - Commercial, as well as the promotion and relocation of Tracy Howle to join the Abilene Region as Executive Vice President, Relationship Manager. Marelyn Shedd Following a distinguished career and 35 years of dedicated service to First Financial Bank, Marelyn Shedd has announced she will retire December 31, 2026, ensuring a thoughtful and seamless transition of leadership for customers, employees, and the community. Marelyn joined First Financial Bank as Senior Vice President of Commercial Lending and steadily advanced to President of the Abilene Region in 2012 and ultimately Regional CEO in 2025. Her appointments marked a historic milestone as the first woman to serve in these positions at the Bank. Throughout her career, Marelyn has played an integral role in the growth and success of First Financial Bank while helping shape the economic and civic vitality of Abilene. Marelyn has been recognized throughout her career for both her professional accomplishments and community leadership, including her recent induction into the Texas Bankers Hall of Fame. "For more than three decades, Marelyn has been a trusted leader, banker, and dedicated champion for the Abilene community," said David Bailey, President and CEO of First Financial Bankshares, Inc. "Her influence can be seen not only in her success at First Financial Bank, but also in the countless organizations, businesses, and individuals she has supported throughout her career. We are deeply grateful for her leadership, which will continue as she works with the Abilene leadership team throughout the remainder of the year to ensure a smooth transition." Marshall Morris Marshall Morris has been named Chairman, President and CEO of First Financial Bank's Abilene Region, effective September 1, 2026. Marshall joined First Financial Bank 15 years ago as a Credit Analyst and advanced through regional leadership positions, including Executive Vice President and Senior Relationship Manager and most recently as Regional President for the Abilene Region. In his new role, Marshall will oversee all banking operations for the region while continuing to oversee the Region's strategic growth initiatives and commitment to exceptional customer service. Marshall is a graduate of Texas A&M University, Southwestern Graduate School of Banking at SMU, and FFIN University. He has been deeply involved in the Abilene community throughout his career, serving as chairman of the boards of both the Abilene Chamber of Commerce and the Abilene A&M Club. He currently serves on the executive committees of the Military Affairs Council and Texas Trails Council-Scouts of America and is a board member of the Wylie Bulldogs Education Foundation. His community involvement also includes service on the boards of Frontier Texas, Junior Achievement, United Way of Abilene, Young Life, and St. John's Episcopal School. Marshall is a graduate of Leadership Abilene and was recognized as a Top 20 Under 40 honoree. Evan Harris Evan Harris has been promoted to EVP, Senior Relationship Manager - Construction and Development for the Abilene Region of First Financial Bank. Evan will oversee the continued growth and development of the region's construction and development portfolio while maintaining strong relationships with customers and partners across the community. Evan joined First Financial Bank 20 years ago and has served in a variety of credit and lending roles, most recently serving as Executive Vice President, Real Estate Lending. His industry expertise and well-established relationships with developers across the Big Country are an asset that make him a great fit for this expanded role. Evan is a graduate of Texas Tech University, Southwestern Graduate School of Banking at SMU, and FFIN University. He currently serves as Treasurer of the Big Country Homebuilders Association, is a board member of Hendrick Health System and the Texas Tech School of Banking and has been an ordained deacon at First Baptist Church Abilene since 2010. Evan is also a graduate of Leadership Abilene and was recognized as an Abilene Top 20 Under 40 honoree. Dayton Borger Dayton Borger has been promoted to EVP, Senior Relationship Manager - Commercial for the Abilene Region. Dayton will continue serving commercial clients while helping lead business development and overall market growth initiatives for the region. Dayton joined First Financial Bank 15 years ago as a Credit Analyst and has advanced through a variety of credit, lending, and leadership roles, most recently serving as Senior Vice President, Relationship Manager and Branch Manager. Dayton is a graduate of Abilene Christian University, Southwestern Graduate School of Banking at SMU, and FFIN University. He also earned his RMA Credit Risk Certification in 2025. He currently serves as Past President of the Abilene Education Foundation and has previously served on the boards of United Way of Abilene, Abilene Young Professionals, and Rainbow Bible School. Dayton is a graduate of Leadership Abilene and was recognized as an Abilene Top 20 Under 40 honoree. Tracy Howle Tracy Howle will be joining First Financial Bank's Abilene Region as Executive Vice President, Commercial Relationship Manager, effective September 8, 2026. Tracy joined First Financial Bank in 2025 as a Senior Portfolio Manager in San Angelo and brings extensive commercial banking and relationship management experience to her new role. She has more than three decades of banking experience, including a previous leadership role as Abilene Area President and Executive Vice President of Commercial Lending with First Bank Texas, where she managed commercial banking teams, client relationships, and loan portfolios. Her background also includes commercial lending, credit administration, and small business lending roles with Chase, United Bank & Trust, and Bank One. Tracy is a graduate of Hardin-Simmons University, the Graduate School of Banking at Colorado, and FFIN University. She is very involved across the community and currently serves in leadership and board roles with the Development Corporation of Abilene, West Texas Rehabilitation Center, Disability Resources Inc., Goodwill West Texas, and Abilene Growth Alliance. Tracy is also a graduate of Leadership Abilene and was recognized as an Abilene Top 20 Under 40 honoree. About First Financial Bank First Financial Bank is a wholly owned subsidiary of First Financial Bankshares, Inc. (NASDAQ: FFIN). Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that through its subsidiary, First Financial Bank, operates multiple banking regions with 79 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, College Station, Cisco, Cleburne, Clyde, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Franklin, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby, San Angelo, Southlake, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Wealth Management, with nine locations, and First Technology Services, Inc., a technology operating company. SOURCE First Financial Bankshares, Inc.