Encore Bancshares, Inc. · Houston, TX United States ·(NASDAQ (GM): EBTX)
Company Description
Phone: 713-787-3100
Toll Free: 800-727-3195
View Encore Bancshares, Inc. Locations On A US Map
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This link will open in a new window Encore! Encore! Encore Bancshares is taking its bows as the holding company for Encore Bank. Encore operates around a dozen branches in Houston and a handful more in southwestern Florida, offering traditional retail banking products to businesses and individuals. It also provides mortgages and other loans and wealth management, and insurance to its customers through subsidiaries Town & Country Insurance Agency, Encore Trust Company, and Linscomb & Williams. The bank caters to wealthy clients (hence its focus on the Houston area and southwest Florida, two of the wealthiest regions in the US) with private bankers and relationship managers. To read the full description, subscribe now.
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Key Encore Bancshares, Inc. Financials
| Company Type | Public - NASDAQ (GM): EBTX Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $66.6 |
| 2008 Employees | 303 |
Encore Bancshares, Inc. Executives
35 executives listed for Encore Bancshares, Inc.'s Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO, Encore Bancshares; Chairman, Encore Bank | James D'Agostino | Network |
| President and Director, Encore Bancshares: President and CEO, Encore Bank | Preston Moore | Network |
| EVP, CFO, and Treasurer, Encore Bancshares and Encore Bank | L. Anderson Creel | Network |
Competition
Competitive Landscape for Encore Bancshares, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Encore Bancshares, Inc. Competitors
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