Veritex Holdings, Inc..
VBTX.US | Other monetary intermediation
Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank, which provides various commercial banking products and services to small to medium-sized businesses and professionals in Texas. The company offers deposit products, including checking, savings, and money market a...Show More
Better Health for All
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Veritex Holdings, Inc. operates as a bank holding company, and its core products and services do not have a direct positive or negative impact on health, nor do they carry health risks or require health-related R&D.
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Therefore, most health-related KPIs are not applicable. While the company engages in community development, including lending to low-to-moderate income (LMI) communities,
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providing housing grants to veterans,
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and supporting financial literacy,
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these activities are not directly related to health needs as defined by the 'Better Health for All' value, which focuses on medical treatments, preventative healthcare, or mental/physical wellness programs. The company's COVID relief lending is noted,
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but the articles do not provide sufficient detail to assess its flexibility or the percentage of crisis-related revenue donated, making it not applicable for scoring under the 'global_health_crisis_response' KPI.
Fair Money & Economic Opportunity
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No evidence available to assess Veritex Holdings, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess Veritex Holdings, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Veritex Holdings, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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The company has a publicly available, anonymous whistleblower hotline and a secure web form for complaints related to accounting, internal accounting controls, or auditing matters, which are handled by the Audit Committee.
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It maintains an Anti-Money Laundering/Counter Terrorism Financing Policy and Sanctions Policy, with annual employee review and attestation.
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The company utilizes Verafin AML monitoring software, conducts annual compliance training, and provides quarterly reports to the Risk Committee.
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Kind to Animals
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Veritex Holdings, Inc. operates as a bank holding company providing financial services. Its core business model does not involve products requiring cruelty-free certification, animal testing, animal-derived ingredients, animal-related operations, or direct impact on wildlife habitats. Therefore, all KPIs related to animal welfare are not applicable to the company's operations.
No War, No Weapons
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No evidence available to assess Veritex Holdings, Inc. on No War, No Weapons.
Planet-Friendly Business
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There is insufficient public information to assess Veritex Holdings, Inc. against the Planet-Friendly Business value.
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No specific, quantitative data is available regarding greenhouse gas emissions (Scope 1, 2, or 3), science-based targets, renewable energy consumption, water use, green building certifications, waste diversion rates, or any climate-related investments or policies.
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The articles explicitly state a lack of public information for a definitive assessment across all environmental metrics.
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Respect for Cultures & Communities
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No evidence available to assess Veritex Holdings, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Veritex Holdings has had no breaches in the past three years, with a phishing incident reported in 2021 that had minimal impact and a successful response.
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The company allocated $7.5 million to cybersecurity infrastructure in 2023, which is 2.1% of its $342.6 million revenue, placing it at the industry average.
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Email encryption is implemented, and the company blocks 60,000 malicious emails per month.
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Users have some control over their data, such as restricting app access to geolocation data, and a secure customer portal is available for confidential information.
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Multi-factor authentication is available for critical systems and customers.
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The company conducts daily, weekly, and periodic internal vulnerability scans, annual penetration testing, and annual external and internal vulnerability assessments.
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Veritex Holdings monitors compliance with Gramm-Leach-Bliley and Sarbanes-Oxley Acts, adheres to AML guidelines, TILA, and ECOA, and is compliant with the Dodd-Frank Act, achieving a 99.4% consumer complaint resolution rate with an average resolution time of 3.2 business days.
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Zero Waste & Sustainable Products
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No specific quantitative data or relevant information regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education is available in the provided articles for Veritex Holdings, Inc.
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The articles focus on general corporate social responsibility, community involvement, and overall ESG rankings without detailing specific metrics related to zero waste or sustainable products.