Historic Happenings
The bank we most recently merged with
What is Green Bank?
The sport that Ben Baxter played at SMU
What is golf?
The amount of money insured by the FDIC per depositor
What is $250,000?
Net income before interest, taxes, depreciation, amortization
What is EBITDA?
This double-letter word, associated with the balance sheet, encompasses the most valuable accounts for a firm's operations
What is asset?
The year that Veritex was founded
What is 2010?
The executive credit admin / self-proclaimed farmer
Who is Donald Perschbacher?
The central banking system of the United States of America
What is the Federal Reserve?
The account subtracted from revenue to calculate gross profit
What is COGS?
This double-letter word is an asset that the borrower pledges to the bank to mitigate the risk associated with borrowing money
What is collateral?
The year that Veritex went public
What is 2014?
The state that Amanda LeJeune (Credit Compliance Manager) is from
What is Louisiana?
A party who agrees to be responsible for the payment of another parties debt should that party default
What is a guarantor?
Money invested by a company to acquire or upgrade fixed assets
What is CAPEX?
This double-letter word is a "front line" job function at the bank that deals directly with the customers at branch locations, handling cash and other daily transactions.
What is a teller?
The number of acquisitions Veritex has completed
What is seven?
Daily Double:
This Credit Exec went to Texas Tech
Who is Clay Riebe?
The rate at which money is borrowed
What is interest rate?
The most commonly used covenant for commercial loans at Veritex
What is DSCR?
Daily Double:
This double-letter word is the value of a company's brand name?
What is goodwill?
This state has the only Veritex branch location outside of Texas
The newest executive hire / Chief Banking Officer
Who is Jim Recer?
A product offered at a bank that has a pre-set borrowing limit that can be drawn on at any time
What is a line of credit?
Recently founded government program to help small businesses during the pandemic
What is PPP?
This double-letter word is the estimate of the market value of tangible personal property or real estate
What is appraisal?