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Lone Star National Bank is an American community bank with 33 locations in South Texas, United States, including the Rio Grande Valley and San Antonio, Texas. LSNB operates with over 1680 staff in 33 locations in the Rio Grande Valley and San Antonio.
Lone Star was founded by John Grayken. [9] From 1993 to 1995, Mr. Grayken was chairman and CEO of Brazos Partners L.P., a joint venture between the Robert M. Bass Group and the Federal Deposit Insurance Corporation, [10] that resolved approximately 1,300 “bad bank” assets resulting from the U.S. savings and loan crisis in the early ‘90s. [11]
On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million. [17] [18]
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John Patrick Grayken (born June 1956) is an American-born Irish billionaire financier, the founder and chairman of the private equity firm Lone Star Funds. [1]Forbes magazine ranked Grayken 386th in the list of World's Billionaires and listed his wealth as totaling $6.5 billion for 2021, a decrease of $1.1 billion from the year prior.
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In 2017, the Comptroller’s office partnered with Lone Star Tangible Assets (LSTA) as the vendor to build and operate the depository. LSTA, a Texas-based company that also owns precious metals dealers U.S. Gold Bureau and WholesaleCoinsDirect.com, operates a highest-rated, Class 3 vault that serves as the depository’s initial location.