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We are an insurance safety net and partner in the insolvency system, fairly serving the people of Texas in an efficient and cost-effective way. TPCIGA, Mission statement According to the Texas State Auditor's Office, the "Association's purpose is to pay, fairly and in a timely manner, valid insurance claims involving insolvent property and ...
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The company was founded by Gary Dudley and Charlie Amato in 1976 in Dallas. The founders had met at elementary school and had reunited in the 1970s when they were both selling credit life insurance before deciding to start SWBC. [4] In 2007 the company expanded to Bermuda, setting up SWBC Re, a re-insurance business. [1]
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In 1999, Frost Bank acquired Commerce Financial Corp. [9] and Frost Insurance Agency, a subsidiary of the bank acquired Professional Insurance Agents Inc. [10] In 2005-2006, the company acquired Alamo Bank of Texas, Horizon Capital Bank, Summit Bancshares Inc., and Texas Community Bank. [11] [12] In 2014, it acquired Western National Bank. [13]
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Wachovia Securities grew through the mergers of multiple companies. Its oldest predecessor company, Leopold Cahn & Co. was founded in 1879. One of main Wachovia Securities' predecessor companies was founded in 1934 as the investment firm of J.C. Wheat & Co. Wheat fostered growth through mergers, including the 1971 merger with First Securities that created Wheat First Securities, Inc. and the ...