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Bank News

Congratulations Gillian Bowman!

Congratulations, Gillian Bowman! SouthStar Bank would like to recognize Gillian Bowman for completing the process to become a Certified Fraud Examiner! The process included four separate exams, which covered the topics of Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. Gillian joined the Audit department for SouthStar Bank in April 2022. During her short time with the bank, she has already made a huge impact and was awarded the 2022 Rising Star award for Support Operations. As a valued member of the team, SouthStar Bank is looking forward to Gillians’ continued success with the company.

Christmas at SouthStar Bank 2022

Join us in giving back this holiday season. The holidays are upon us! In the spirit of the season, many of our locations are serving as donation drop-offs for local toy drives. New unwrapped donations will be accepted for all ages. We are not accepting stuffed animals at this time. Over the past 100 years, SouthStar Bank has built a tradition of community service, supporting past generations and the generations to come. Now, we want to give back to the communities who have supported and driven our success over the years.   See below to find the donation spot closest to you: Bee Cave | through Nov. 30 | LTLL Green Santa Project Southwest Austin | through Dec. 8 | Hays County Brown Santa Georgetown | through Dec. 9 | Blue Santa Project Round Rock | through Dec. 10 | Operation Blue Santa Gonzales | through Dec. 10 | Legacy Ranch

Congratulations Blake Feste! New Senior Credit Officer

Congratulations to Blake Feste, recently promoted to Senior Credit Officer! Blake has been a part of the SouthStar Bank team since 2017 and was previously an employee of former Lone Star Bank from 2013 to 2015. Blake has excelled in his role at the bank to uphold the overall quality of the Bank’s credit extension. He will continue to provide support and direction in loan policies and procedures, working with Credit Analysts and Regional Credit Managers to promote loan growth while balancing risk controls for the bank. Outside of work, Blake held a position as Co-Chair of Programs on the board for the Young Men’s Business League of Austin for 5 years. Blake and YMBL worked to raise money each year to send low-income youth to summer camp, assisting approximately 1,000 kids each year. As of 2022, he is an Alumni Member but continues to be heavily involved in the efforts of the non-profit organization. Blake and his wife, Ellen, live in Northwest Austin with their 3-year-old son, Liam. They enjoy traveling and cheering on his alma mater, the TCU Horned Frogs, during football season. Member FDIC | Equal Housing Lender | NMLS# 683300

Congratulations Jesica Garza! New Branch Executive

Congratulations to Jesica Garza on her promotion to Branch Executive! Jesica Garza has been promoted to Branch Executive of the SouthStar Bank Georgetown Branch. Jesica has been with SouthStar Bank for three years as a portfolio lender, specializing in land and construction financing. She has multiple years of prior experience in mortgage lending and has also taught mortgage and real estate investing courses to continuing education students as a Certified Mortgage Planning Specialist. A local to Georgetown, Jesica proudly graduated as a Georgetown Eagle in 2004 and continued on to Texas State University to pursue her degree in International Relations. As Branch Executive, Jesica is looking forward to broadening and sustaining the branch’s relationships with the community. Active in the community, Garza previously served on the Austin Board of the National Association of Professional Mortgage Women. In addition, she stays involved with her husband’s non-profit, Flatwater Foundation, and its mission to provide access to therapy for families coping with a cancer diagnosis. Jesica and her husband, Mark, have two kids: one son and one daughter. Member FDIC | Equal Housing Lender | NMLS# 1508061

Congratulations Riley Martine! New Assistant Vice President

Riley Martine has been promoted to the role of Assistant Vice President at the SouthStar Bank Southwest Austin branch. She will continue in her role as Portfolio Manager and will also be taking on the official role of Executive Assistant to the Chief Lending Officer. Her initiative, positive attitude, and ability to multitask have given Riley a great reputation amongst her coworkers and clients. Riley is looking forward to continuing to assist in the management and growth of the bank’s portfolio. “I love learning and SouthStar never ceases to give me the opportunity to do so,” she says. In her free time, Riley enjoys running, reading, and going to concerts. Her biggest personal achievement was when she completed the Austin Half Marathon in April 2021. Congratulations Riley!

Congratulations Miguel De La Riva! New Branch Executive

Congratulations to Miguel De La Riva on his promotion to Branch Executive of the Harker Heights branch! Miguel De La Riva was promoted to Branch Executive at the Harker Heights Branch. He joined SouthStar Bank at the beginning of 2022 with over 20 years of industry experience. In his long career, Miguel has funded everything from small business loans, home loans for first-time buyers, and multi-million-dollar commercial real estate transactions. In his new role, Miguel is excited to continue working with the team in Harker Heights, or as he calls them, the Harker Heights Heroes. He also enjoys serving his community and is looking forward to continuing to get to know the citizens of Harker Heights and the communities surrounding Ft. Hood. He specializes in using his strong analytical and problem-solving skills to find solutions for complex loans. “ I always look forward to helping more people accomplish their goals and realize their dreams,” he says. “Helping the clients who were told ‘it cannot be done by everyone else is one of the best parts of my job.” Miguel is a veteran of the United States Marine Corps and bilingual in Spanish. Outside of work, Miguel enjoys spending his time in the great outdoors, enjoying various bodies of water with his wife and loyal dogs. Member FDIC | Equal Housing Lender | NMLS# 980470

IRA Non-Recourse Loans – Get Started with Us Today

IRA Non-Recourse Loans | SouthStar Bank Consider the following scenario: You want to buy real estate using your self-directed IRA. The non-recourse loan is applied for by your IRA or retirement plan and the debt is secured by real estate.   Some of your IRA money and the non-recourse loan are used to purchase the property, leaving the rest of your IRA funds invested and earning interest. For example, let’s say you find an investment property for $200,000 and have $200,000 in your IRA. You don’t use all the money in your IRA, but maybe $100,000, then you can get a non-recourse loan in the name of the self-directed IRA to make up the difference. Your IRA now has $100,000 in it, which is earning interest and growing. These loans are often utilized to provide you with additional funds in the event that your property requires repairs or upgrades, or to invest in commercial real estate. Taking out a non-recourse loan allows you to diversify your investing portfolio rather than putting all of your eggs in one basket. It’s a huge win for you and your retirement account. By leveraging the bank’s money, non-recourse lending enhances your IRA. Furthermore, the IRA’s money is safeguarded and can be used for other investments. How Do Non-Recourse Loans Work? When you have a small IRA or just don’t have enough funds to invest in real estate, your IRA can get a non-recourse mortgage loan. The non-recourse loan is a loan in the name of the IRA, secured by collateral (usually the property being purchased). The loan is based on the value of the real estate investment and in most situations, the IRA holder’s credit does not play a role in the IRA’s eligibility. Borrow What You Need There is no minimum or maximum loan amount at SouthStar Bank. The loan is in your IRA’s name and the amount you can borrow is determined by the value of your real estate investment. SouthStar Bank offers non-recourse IRA loans for single-family houses and condominiums (2-4 units). Keep in mind that the property’s net operational income/cash flow must be sufficient to cover loan payments. A percentage of the purchase price must be vested in a self-directed IRA for eligible borrowers. Your non-recourse IRA loan down payment will be determined by the property you buy, its condition and estimated cash flow. A 40 percent down payment is usually required by SouthStar Bank. Non-Recourse Loan Benefits A non-recourse loan, as mentioned above, is a form of loan that you can take out using your IRA to buy real estate investments. Your IRA owns these loans, which are subject to UDFI (unrelated debt-financed income) and must be returned through your IRA. Non-recourse loans have other advantages than helping you finance your real estate venture. Your IRA, not you, is responsible for your loan When you open a non-recourse loan, your IRA owns it, not you, which means that you will not be held personally liable should anything happen over […]

Congratulations Curtis Wren! New Executive Vice President

Congratulations to Curtis Wren on his promotion to Executive Vice President! Curtis has spent the last four decades in banking and finance. He has been with SouthStar Bank for the last eight years, where he has made a significant impact on the Bank’s loan approval process as a Senior Vice President and Chief Credit Officer. In his role, Curtis is responsible for the Credit Administration Group and the administration and maintenance of the Bank’s Lending, Appraisal & Evaluation, and Environmental policies, and the adherence to them in analyzing, underwriting, and approving loans. Prior to his promotion, Curtis was awarded the 2021 President’s Award, which is given to the individual who has made the organization’s strongest contribution over the past year. As Executive Vice President and Chief Credit Officer, Curtis will continue to share his extensive knowledge and experience with the loan officers and credit analysts. “I don’t look at lending just from the viewpoint of the collateral and cash flow,” he says, “I look at lending in the context of the request and as making a smart investment in the people behind the request, and I will continue to share that philosophy.”  A proud member of the Georgetown community, Curtis is involved with several local organizations including Main Street Baptist Church, Ducks Unlimited, and the Coastal Conservation Association. He has also held leadership positions with the Georgetown Rotary Club where he was the Director and the Sargent-at-Arms. In his free time, Curtis enjoys barbecuing, traveling, and spending time with his family and friends, particularly his four grandchildren. Two of  his most significant personal accomplishments are his marriage to wife, Charis, for 38 ½ years and the wonderful family they have raised. A surprising pastime is that he enjoys making renovations to his 1890s home and yard. Member FDIC | Equal Housing Lender | NMLS# 680305

Congratulations Amanda Aaron! 2022 Emerging SBA Lender of the Year

Amanda Aaron has been named a 2022 Emerging SBA Lender of the Year by Coleman Publishing, which is a Nationally recognized publication of SBA information to small business bankers. Amanda joined SouthStar Bank in July 2019, bringing in over 15 years of financial experience to the team. Beginning her career in credit and quickly working her way up to a seasoned loan officer, Amanda expertly guides her clients through the entire lending process and makes them feel comfortable in what can seem a daunting endeavor. Amanda is levelheaded, compassionate, and practical when it comes to SBA lending. She takes the time to learn the client’s business and identify the best loan option for their financial needs. Keeping the borrower’s utmost success in mind, she quickly becomes a trusted advisor and partner. With small-town roots, Amanda is passionate about small business and its crucial effect on main street America. This passion drives her ongoing pursuit to be the subject matter expert for all things SBA, even in an ever-changing environment. This was especially crucial during the frenzy of PPP lending where Amanda remained up to date on the latest guidelines. As a valued member of the SouthStar Bank SBA Team, Amanda actively shares her knowledge with new and seasoned loan officers.  Amanda is a member of Commercial Real Estate Women (CREW) and the Central Texas Association of Government Guaranteed Lenders (CTAGGL). Coleman Publishing is the leading provider of information to small business bankers. They produce and distribute training courses, webinars, and newsletters to help assist small business bankers in their lending decisions. Every year Coleman Publishing hosts the SBA Lender Professional Awards to honor SBA lenders and their exceptional contributions to the SBA lending community. Congratulations Amanda! Member FDIC | Equal Housing Lender | NMLS# 1819235

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