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An equipment trust certificate (ETC) is a financial security used in aircraft finance, most commonly to take advantage of tax benefits in North America. [1] Details
In March 2022, Texas Capital Bank was named by Newsweek Magazine as the most trustworthy bank in America, based on a survey of 50,000 U.S. residents. [10] [11] In October 2022, it expanded its lease at 2000 McKinney Avenue in Uptown Dallas for its headquarters, and the building was renamed Texas Capital Center. [12]
The Texas Department of Banking issued a charter to Guaranty State Bank on January 20, 1913. [11] [14] The bank's name changed to Guaranty Bond State Bank in 1927.[11]In 1979, the bank added trust powers.The following year, [11] Guaranty created Guaranty Bancshares Inc., its holding company. [11]
An equipment trust certificate is a specific case. In creating such a pass-through structure, the underlying assets are "bundled" into a pass-through security [ 2 ] (also known as a "pay-through security"), where the principal and interest payments are "passed through" to certificate holders.
The Bank of Van Zandt: American National Bank of Texas merged with The Bank of Van Zandt, located in Canton, TX, in 1999. [6] The merger increased ANBTX assets to more than $650 million at the time. [7] Branches of Benchmark Bank: ANBTX acquired five branch locations of Benchmark Bank in October 2002, in Quinlan, Greenville, Royse City, and ...
Treasury bonds are government securities that pay a fixed interest rate every six months. A Treasury bond’s coupon rate – or interest paid – stays fixed for the life of the bond, but the ...
The bank's trust department administers the Moody Foundation and the Libbie Shearn Moody Trust, which together own the majority of ANICO's shares. [ 4 ] [ 5 ] [ 6 ] Moody National Bank is a wholly owned subsidiary of Moody Bancshares, Inc., a privately owned financial holding company, also based in Galveston. [ 6 ]
The leaseback concept has also spread to industry, mostly for industrial equipment. A long-standing example is the railroad industry, in which locomotives and other rolling stock are purchased on behalf of the railroad by an 'equipment trust' set up by a bank, financing the original purchase cost with the lease payments.