General World News

Texana Bank to trim workforce in California

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. 

Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. 5, according to the document reviewed by HousingWire. 

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Employees on the technology, marketing and human resources teams are on the list. The workforce reduction reaches junior positions and vice-presidents. 

Founded in 1914 in Linden, Texas, Texana Bank offers personal and business banking services details ⇒

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