Texas Border Business
By Roberto Hugo González
Governor Greg Abbott recently appointed S. David Deanda, Jr. vice chair of the Texas Economic Development Corporation Board of Directors. This organization, forming the private side of a public-private partnership with the Governor’s Office of Economic Development & Tourism, is tasked with promoting Texas as the premier state for business domestically and internationally. This appointment emphasizes Deanda’s long-standing commitment to economic growth and community development across Texas.
S. David Deanda, Jr., from Mission, Texas, currently serves as the President of Lone Star National Bank and sits on its Board of Directors. Under his leadership, Lone Star National Bank has grown significantly, reinforcing its position as a major financial institution in Texas. His role involves overseeing the bank’s operations, ensuring economic stability, and fostering relationships with the community and business sectors.
Deanda’s extensive experience in the banking industry spans several decades, during which he has played a crucial role in expanding banking services to underserved communities. His work in the banking sector is particularly noted for supporting small businesses and promoting financial literacy, which is essential for fostering economic stability in the region.
Beyond his professional achievements, Deanda is deeply committed to community service. He serves on several boards, including the Doctors Hospital at Renaissance Board of Managers, Valley Alliance of Mentors for Opportunities and Scholarships (VAMOS) Board of Direc tors, and the Texas A&M University Kingsville Foundation Board of Trustees. His involvement in these organizations highlights his dedication to enhancing his community’s healthcare, education, and economic opportunities.
Deanda’s role with VAMOS, a nonprofit organization that provides scholarships to Hispanic students in the Rio Grande Valley, exemplifies his commitment to education and mentorship. Under his guidance, VAMOS has expanded its reach, offering more scholarships and mentorship programs to deserving students and helping them achieve their academic and professional goals. VAMOS has awarded more than $25 million for higher education scholarships to Rio Grande Valley students.
Deanda’s influence extends beyond community service to significant economic planning and development roles. He is a member of the Hidalgo County Metropolitan Planning Organization and the Texas A&M University Kingsville Foundation Board of Trustees, which allows him to shape regional transportation and infrastructure projects critical for economic development in Hidalgo County and beyond.
In addition to his local contributions, Deanda’s involvement with the Texas Economic Development Corporation will enable him to influence statewide economic strategies. His appointment as vice chair signifies his ability to promote Texas as a business-friendly state, attracting investments and fostering economic growth.
Deanda’s leadership in the Hidalgo County Regional Mobility Authority (HCRMA) as its former chairman has been pivotal in advancing transportation infrastructure in South Texas. Under his chairmanship, HCRMA launched several projects to improve regional mobility, reduce traffic congestion, and enhance connectivity between communities. These efforts have been instrumental in supporting economic development and improving the quality of life for residents in the region.
A strong advocate for minority and community banking, Deanda is actively involved in the Minority Depository Institutions Advisory Council and the Dallas Fed Community Depository Institutions Advisory Council. These roles are vital in promoting financial inclusion and supporting minority-owned banks, which are critical in serving underbanked communities. Deanda’s advocacy has focused on ensuring these institutions have the resources and support needed to thrive in a competitive banking environment.
Deanda’s educational background shows his commitment to professional development and expertise in finance. He holds a Bachelor of Business Administration from Texas A&M University and is a Southwestern Graduate School of Banking graduate at Southern Methodist University. These academic achievements have equipped him with the knowledge and skills to excel in the banking industry and provide visionary leadership in economic development.
Deanda’s recent appointment as vice chair of the Texas Economic Development Corporation Board of Directors recognizes his dedication to economic growth, community service, and his ability to bring diverse groups together for the betterment of Texas. His comprehensive experience in banking, infrastructure development, and community service makes him well-suited to help steer Texas toward continued prosperity.
As he steps into this new role, Deanda is poised to leverage his extensive network, leadership skills, and passion for community development to contribute significantly to Texas’s economic landscape. His vision for a more inclusive and prosperous Texas reflects his commitment to fostering an environment where businesses and communities can thrive.