Abbott calls Texas ‘financial capital of America’ at bankers convention

Special to the Bulletin

DALLAS — Gov. Greg Abbott declared Texas the “financial capital of America” during remarks Thursday at the Texas Bankers Association’s 141st Annual Convention, pointing to continued economic growth, business recruitment and the state’s expanding financial sector.

Speaking during a fireside chat at the convention, Abbott credited banks and financial institutions with helping fuel Texas’ economy and supporting access to capital for businesses and entrepreneurs.

“Growth cannot be accomplished without capital and access to capital,” Abbott said, adding that Texas’ banking industry has played a key role in the state’s economic development.

Abbott highlighted several measures he said demonstrate Texas’ economic strength, including the state’s repeated recognition as a top destination for business and economic development, along with continued job growth.

The governor also said Texas increasingly is attracting financial companies looking to establish headquarters, relocate operations or expand in the state.

Texas Bankers Association President and CEO Chris Furlow said the state’s banking sector benefits from a mix of global institutions alongside community and midsize banks.

“Our banking sector’s strength and depth is a true differentiator,” Furlow said.

Abbott also emphasized workforce development as a key part of sustaining Texas’ economic momentum, saying training and education initiatives are intended to prepare Texans for high-demand jobs and attract additional investment.

The discussion was moderated by Furlow and concluded with Abbott thanking banking institutions for supporting entrepreneurs and business growth across Texas.