The Bank of San Antonio was organized by a host of area power brokers, including Robert Cavender, president of Cavender Auto Group; Gene Dawson Jr., president of Pape-Dawson; and Steven Lee, president of real estate investment firm Lee Partners Inc. The bank posted net income of almost $2.9 million in the first nine months of last year, up from $2.1 million for the same period in 2013. It had approximately $337 million in loans and $392 million in deposits as of September. Launched with $25 million in assets in June 2007, six months before the start of the Great Recession, the Bank of San Antonio's assets are now around $500 million, according to Bugg. The three companies combined employ just under 100 people, said Bugg. Additionally, the Bank of San Antonio Insurance Co., as well as related companies such as San Antonio Capital & Trust Co., will also occupy the new building. "We're taking this action because it's a significant step in our growth and support for the San Antonio business community," said J. The Bank of San Antonio's headquarters are currently located in leased space at the Forum Office Complex, situated at 8000 Interstate 10 West in San Antonio, near Loop 410, next to Pape-Dawson Engineers Inc.'s headquarters. The fourth-largest locally based bank has announced plans to construct a three-story, 57,000-square-foot office building at 1900 N.W. The Bank of San Antonio will build its corporate headquarters in Castle Hills.
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