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A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...
Jan. 3—Texas State Bankshares has announced a deal to acquire Denton-based Access Bancorp, which will add AccessBank Texas's six banking centers to its growing Texas Regional Bank operation. The ...
More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss.
The sale was part of its strategic shift, allowing it to shed a non-core business while increasing its capital levels during the transition. [9] 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.
Beal Bank was founded on March 10, 1988 in Dallas, TX by Andrew Beal. [1] [7] [8] It began with $3 million in capital and a single branch in Carrollton, Texas.[9] [10] During the savings and loan crisis, the bank purchased assets and real estate from failing banks and the Resolution Trust Corporation, a government-owned company that liquidated real estate and savings-and-loan assets.
Michael Burry, who famously shorted subprime mortgages during the 2008 financial crisis, is making a big new bet on regional banks. His hedge fund Scion Asset Management loaded up on $23.4 million ...
Comerica , a regional bank in Dallas, said its deposits fell 9% during the first three months of the year. Zions ( ZION ), a Salt Lake City lender, said they dropped 3.4%.
The bank provides financial services in institutional banking, commercial banking, and mortgage banking and is based in Texas, where it has three branches. [2] Its parent is financial services company NexBank Capital, Inc. [3] As of 2022, NexBank had assets of almost $14 billon and was "the largest privately held bank in Texas." [4]