Rio Grande City, TX – Texas Regional Bank (TRB) held a groundbreaking ceremony to celebrate the start of construction for its new banking center in Rio Grande City. The event occurred on June 15, 2023 and commemorates TRB’s 30th location in Texas and 14th in the Rio Grande Valley region.
Michael Scaief, Chairman and CEO of TRB, expressed his admiration for the historical architecture of Rio Grande City and how it has influenced TRB banking centers, “Several years ago, I toured downtown and fell in love with the architecture,” said Mr. Scaief. “Today, every TRB branch built in the Rio Grande Valley was inspired by Rio Grande City brickwork.” The construction of the Rio Grande City banking center will utilize 115,000 artisan handmade bricks. “I look forward to serving the community that has had a substantial impact on Texas Regional Bank’s identity,” added Scaief.
The new TRB location in Rio Grande City will offer a comprehensive range of banking products and services tailored to meet the needs of both personal and business customers. The new banking center will provide access to banking solutions, including savings, checking accounts, mortgages, commercial and personal loans, wealth management, and insurance services.
Joel Villarreal, the Mayor of Rio Grande City, expressed gratitude towards Texas Regional Bank for investing in the community. He praised the positive growth and direction of the area and welcomed the bank as a valuable addition to the community.
The groundbreaking ceremony was attended by guests, community leaders, local officials, and TRB team members, including TRB Chairman and CEO Michael Scaief, Dr. Antonio Falcon, Mayor Joel Villarreal, and Texas House of Representative Ryan Guillen.
The Rio Grande City branch, located at 4389 E US Highway 83 Loop, Rio Grande City, TX, will be completed in early 2024.
