Business Beat: Credit Union Builds New Facility | Business Beat

East Texas Professional Credit Union has begun construction of a new 47,000 square foot administrative facility on the George Richey and Airline routes in Longview.

“This location provides for a 13-acre campus that will allow for future growth and expansion,” spokeswoman Janice Crews said in an email.

The facility will house the management team and administrative staff and provide “state-of-the-art training facilities, conference / meeting rooms and additional workstations, storage and the possibility of future expansion. .

The installation is expected to be completed in the summer of 2022.

“All existing offices will remain operational. We look forward to improving operations and continuing to provide a five star experience for all members, ”said Crews.

VeraBank is growing

VeraBank, based in Henderson, announced that it has completed the acquisition of Panola National Bank.

The Panola National Bank was licensed in 1983 in Carthage and has two branches in Carthage and Marshall. The bank’s assets total more than $ 130 million and the acquisition increases VeraBank’s assets from $ 3.1 billion to $ 3.2 billion, VeraBank reported. The move expands VeraBank in Panola County and increases the number of its branches from 36 to 38.

“Bringing our two organizations together will be a real win-win, and we are proud to be able to serve more customers and more markets with our true banking style,” said Brad Tidwell, President and CEO of VeraBank, in a communicated.

VeraBank, which was chartered in 1930, serves the Austin subway, eastern and central Texas areas. The bank says it manages trust assets of around $ 750 million.

Public Werks acquires the railway

Dallas-based Public Werks Inc. has acquired Blacklands Railroad, headquartered in Sulfur Springs, which includes the Henderson Overton Branch Railway. The shortline railway runs 14 miles between Overton and Henderson, serving “several customers and commodities, including lumber, asphalt, aggregate and chemicals,” Public Werks reported.

“Our rail infrastructure platform seeks to add to its portfolio and leverage Blacklands Railroad’s experience and relationships for the future expansion and acquisition of railways and related infrastructure projects.” , a statement from Public Werks said. “We look forward to serving Blacklands Railroad customers and Class I partners. We are committed again to working with our local communities and providing a platform for growth and investment in the markets we serve. “

The publisher is moving

Scarlett Ink Publishing announced that it has moved to Longview from Phoenix, Arizona with plans to expand into a brick and mortar facility in Longview.

Owned by Angela L. Staeheli and her husband Eric, Charlene Burgett is CEO. The company was founded in 2017 and is a “small, traditional full-service publishing house specializing in young adult fiction and adult romance.” The firm also offers consulting, marketing / advertising, presentation, speech and change management services to other companies.

Angela Staeheli said they moved to Texas because they wanted a smaller community to finish raising their youngest child, a 13-year-old girl, and move to a more pleasant climate.

“Right now it’s just outside our home. We still have our office in Phoenix, ”she said, adding that Scarlett Ink has seven employees, one working remotely in Colorado and the others in Phoenix.

Scarlett Ink Publishing also hosts a promotional line for Addison Winters, author of the “With Honors” and “Heat of Arrest” series.

– Email Business Beat submission elements to [email protected]; mail to Business Section, Longview News-Journal, PO Box 1792, Longview, TX 75606; or call (903) 237-7744.

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