Economic Summary: Sunday, June 5, 2022 | Local


Federal Aviation Inspectorate praises airport

In May, the Federal Aviation Administration notified East Texas Regional Airport that its annual certification inspection found the facility was operating in accordance with its Airport Operator Certificate and other federal rules and regulations. .

“We commend you on the procedures you use in the day-to-day operation of the airport,” the letter reads. “The appearance of the airport indicates that they are efficient.”

Roy Miller is manager of the East Texas Regional Airport.

Texas Bank and Trust promotes officers

Debbie Fox

Cindy Castleberry

Cindy Castleberry

Texas Bank and Trust has promoted Debbie Fox to Vice President and Chief Wealth Management Compliance Officer and Cindy Castleberry to Administrative Officer, Wealth Management Division. Both officers will be based in Longview.

Fox has worked for Texas Bank and Trust for nearly 18 years. Starting as an Administrative Assistant, she was promoted to Wealth Management Administrative Support Staff and later to Wealth Management and Trust Officer. With this promotion, she will be responsible for ensuring compliance with policies and procedures and will serve as a liaison between auditors, reviewers and the Wealth Management Division. Fox will also be responsible for financial reporting to the bank’s board of directors and various regulatory bodies. A graduate of the Texas Bankers Association Trust and Graduate Trust Schools, she was selected to attend the first Texas Bank and Trust Leadership Class as well as the bank’s Corporate University Class.

Fox has volunteered for Junior Achievement, Habitat for Humanity, Alley Fest, and the Great Texas Balloon Race.

Castleberry joined the bank in May 2010 as a receptionist/administrative assistant in its trust division. She is the Senior Administrative Assistant, supervising and mentoring the Personal Wealth and Trusts administrative support staff at the Longview location.

Castleberry is a graduate of the bank’s 2014 leadership class and attended the Texas Bankers Association 2016 Trust School.

Texas Monthly presents the 80-acre market

80 Acre Market, a new shopping destination in East Texas, was recently featured in Texas Monthly magazine.

Here is an excerpt from the article written by Tommie Ethington: “As I pause in front of the grand estate, I can see several fireplaces, Juliette balconies and a brick path leading to a massive set of French doors. The scene looks like like a fairy tale, but the towering loblolly pines lining the driveway bring me back to reality: I’m in Texas, two hours east of Dallas and halfway between Longview and the small town of Gilmer Josh Smallwood, dressed in a T-shirt and jeans, greets me with a smile and escorts me inside his former home, now the headquarters of 80 Acre Market.

“Smallwood is an optimist with the kind of business acumen that would suggest he’s well over thirty, but when 80 Acre Market started as a bi-monthly event last October, he wasn’t quite sure what to expect. Within weeks, his team transformed the seven-bedroom home he shared with his wife, Holly, and their five children into a housewares store, buyable by the piece and stocked to the brim with dish towels, pillows, pottery and Suite. They trucked mums in fall colors and forty bins of pumpkins from Floydada, a seven-hour drive. They had lawn games, live music and a food truck. They were The question was whether the community was ready for them.

Read the full article at .

Eastman Chemical leader chosen for award

The Society for Industrial Chemistry will award the 2022 International Palladium Medal to Eastman Chairman and Chief Executive Officer, Mark J. Costa, for his contributions to the chemical industry and his leadership in improving goals and international objectives of the Society of Industrial Chemistry. He will receive the award at a dinner in his honor on September 12 in New York.

The International Palladium Medal was created in 1958 and was first awarded to Ernest-John Solvay of Belgium in 1961. Subsequent awards have been given every two years to American, French, British and German recipients.

Peter Young and James M. Weatherall, co-chairs of the Industrial Chemistry Society Awards Dinner, commented, “Mark has dedicated his career at Eastman to harnessing the power of innovation and science to solve biggest global challenges, especially in the circular economy. He has applied his exceptional leadership skills to guide his company through a period of incredible growth while consistently forging constructive relationships with multiple stakeholders and being 100% dedicated to the success of the chemical industry and the people around it. . This rare combination of leadership qualities fits well with the objectives of the Société de Chimie Industrielle.

Eastman Chemical Co. is one of Longview’s largest employers.

Westlake Corp. declare a dividend

The board of Westlake Corp. declared a regular dividend distribution of 29.75 cents per share for the first quarter of 2022, payable June 7, to shareholders of record May 23.

VeraBank opens a branch in Leander

VeraBank, which is based in Henderson but occupies the tallest building in downtown Longview, expanded its footprint into central Texas on May 9 with the opening of a branch in Leander. The full-service branch is VeraBank’s first in Leander and sixth in the greater Austin area.

VeraBank first entered the Central Texas market in January 2018 with the acquisition of four branches in Williamson County, and in 2020 VeraBank opened its first location in Austin. The Austin office grew from a loan origination office with three employees to a full-service branch with a team of 18 bankers. In January 2021, VeraBank moved into its newly renovated 16,000 square foot West Sixth Street office in the former Austin ISD building.

“VeraBank has grown significantly over the past five years, particularly in Central Texas,” said Brad Tidwell, President and CEO of VeraBank. “There are tremendous opportunities in the Austin area, and it fits perfectly with the culture of VeraBank – a modern financial center focused on authentic, relationship-based banking.”

SWEPCO Wins Energy Star Awards

Southwestern Electric Power Co., part of American Electric Power, won two 2022 Energy Star Partner of the Year awards from the U.S. Environmental Protection Agency and the U.S. Department of Energy.

SWEPCO received the Energy Star Partner of the Year — Sustained Excellence award in Arkansas for the company’s ongoing achievements in customer service and providing home energy-efficient solutions that improve comfort and savings.

In Louisiana and Texas, the company received the Energy Star Partner of the Year — Certified Residential Products award for implementing energy efficiency programs incorporating Energy Star products.


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