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San Antonio Investment Links

New bank wants to plant flag in Alamo City market
San Antonio Business Journal - December 8, 2006
by Tamarind Phinisee


The recently launched Family Bancorp plans to set up its headquarters in San Antonio and open five new bank branches in the city by the end of 2007. The new branches will operate under the name San Antonio National Bank.

At the head of the venture is veteran banker Kenneth Koncaba, former chief operating officer and president of Houston-based FC Holdings Inc. -- the parent company for locally based First Community Bank-San Antonio.

Koncaba says he, his wife Kristina and a core group of about 20 investors have filed "the necessary paperwork to be a bank holding company." "We anticipate getting regulatory approval within the next 60 days," Koncaba says.

In the meantime, Family Bancorp plans to lease 1,200-square-feet in the Canyon Creek office park, about 1.5 miles south of Loop 1604 on Blanco Road, where it will set up its local headquarters office.
"We have signed a lease and will move all our operations in on the 15th of December," he says.

Once regulatory approval is received to become a bank holding company, Koncaba says the lender that Family Bancorp recently purchased -- First National Bank of Refugio, Texas -- will become its subsidiary.

The plan, he says, will be to use the Refugio bank's charter to build out Family Bancorp's branch network under the San Antonio National Bank name throughout San Antonio and South Texas.
However, the Refugio lender will retain the First National Bank brand in that market.



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