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Frost Bank
Frost Bank is a Texas-chartered bank based in San Antonio with 155 branches and 1,700 automated teller machines, all of which are in Texas. It is the primary subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is on the list of largest banks in the United States. History Early years Frost Bank was founded in 1868 as a mercantile partnership in San Antonio by Thomas Claiborne Frost, who had served as a lieutenant colonel in the Confederate States Army. In February 1899, it was chartered as a national banking association. That year, the bank also reached $1 million in deposits.(Worth about $35,216,385.54 with modern day inflation) The bank survived the Panic of 1907 with the aid of an association of local banks and by 1921, sold shares to outside investors for the first time. Frost continued to grow with construction of a 12-story building in 1921, which was the tallest building in Texas at the time. By 1926, Joseph Hardin Frost, brother of T.C. Frost Jr., took ...
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Frost Tower (San Antonio)
The Frost Tower is a 23-story skyscraper in San Antonio, Texas, USA. It opened in 2019 at a cost of $142 million and is the first new office tower built in downtown San Antonio since 1989 when Weston Centre was built. Frost Tower replaced the old Frost Bank Tower as the headquarters of the eponymously named Frost Bank when it opened in 2019. Reception The building won the 2019 Best Office/Retail/Mixed-Use Project by Engineering News-Record (ENR Texas & Louisiana) and has been compared to Queen Elsa's ice palace, a drill bit, and a can opener. See also *List of tallest buildings in San Antonio The U.S. city of San Antonio, Texas is home to 93 high-rises, 15 of which are skyscrapers that stand at least feet tall. The tallest structure in the city, excluding radio antennas, is the Tower of the Americas, standing tall. Completed for H ... References Skyscraper office buildings in San Antonio Office buildings completed in 2019 2019 establishments in Texas {{T ...
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Trinity University Press
Trinity University Press is a university press affiliated with Trinity University, which is located in San Antonio, Texas. Trinity University Press was officially founded in 1967 after the university acquired the Illinois-based Principia Press. This iteration of the press closed in 1989; the press was then revived in 2002. In addition to the university press imprint, the press also issues books under the Trinta Books, Terra Firma, Maverick, and ArteKids imprints. Trinity University Press is currently a member of the Association of University Presses. See also * List of English-language book publishing companies * List of university presses References External links Trinity University Press Trinity University Press Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
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1868 Establishments In Texas
Events January–March * January 2 – British Expedition to Abyssinia: Robert Napier leads an expedition to free captive British officials and missionaries. * January 3 – The 15-year-old Mutsuhito, Emperor Meiji of Japan, declares the ''Meiji Restoration'', his own restoration to full power, under the influence of supporters from the Chōshū and Satsuma Domains, and against the supporters of the Tokugawa shogunate, triggering the Boshin War. * January 5 – Paraguayan War: Brazilian Army commander Luís Alves de Lima e Silva, Duke of Caxias enters Asunción, Paraguay's capital. Some days later he declares the war is over. Nevertheless, Francisco Solano López, Paraguay's president, prepares guerrillas to fight in the countryside. * January 7 – The Arkansas constitutional convention meets in Little Rock. * January 9 – Penal transportation from Britain to Australia ends, with arrival of the convict ship ''Hougoumont'' in Western Australia, ...
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Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion. On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. Purpose TARP allowed ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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PR Newswire
PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. History PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in New York City for the first 15 years of its operation. The company used telecommunications lines and teleprinters owned by Weste ...
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Western National Bank
Western National Bank (WNB) was an individually and privately owned bank that was chartered in 1977 in Odessa, Texas. History Western National Bank was chartered in 1977 and among the charter members were the Wood family. During the great oil bust of the 1980s, the Wood family saw the need for money to be invested in the bank and bought out the other investors. Western National Bank was one of the few banks that was established during that time and operated under the same name until it merged with Frost Bank. On June 20, 2014, Western National Bank was absorbed by Frost Bank Frost Bank is a Texas-chartered bank based in San Antonio with 155 branches and 1,700 automated teller machines, all of which are in Texas. It is the primary subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is on the list of .... All seven Midland/Odessa branches became Frost Bank offices, and the San Antonio Western National Bank branch was closed. References {{Bank-stub Banks ...
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American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering ...
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Texas Commerce Bank
The Texas Commerce Bank (officially Texas Commerce Bank N.A., with its parent bank holding company known as Texas Commerce Bancshares, Inc.) was a Texas-based bank acquired by Chemical Banking Corporation of New York in May 1987. The acquisition of Texas Commerce Bank represented the largest interstate banking merger in history at the time with a purchase price of $1.2 billion. The bank had its headquarters in what is now the JPMorgan Chase Building (formerly Gulf Building) in downtown Houston, Texas. Prior to the merger, interstate banking was illegal in Texas and many other states, which effectively prevented such cross-border mergers. Texas and New York had changed their laws to allow a merger of an in-state bank and an out-of-state bank. Without those changes to the law, the merger between Chemical Bank and Texas Commerce Bank, and later Chase Manhattan Bank would not have been possible. Through a series of mergers and acquisitions Chemical Bank bought Chase Manhattan ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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The Daily News (Texas)
''The Daily News'', formerly the ''Galveston County Daily News'' and ''Galveston Daily News'', is a newspaper published in Galveston, Texas, United States. It was first published April 11, 1842, making it the oldest newspaper in the U.S. state of Texas. The newspaper founded ''The Dallas Morning News'' on October 1, 1885, as a sister publication. It currently serves as the newspaper of record for the City of Galveston as well as Galveston County. History On April 11, 1842, George H. French began publication of the ''Daily News'', as a single broadsheet paper. At the time, Texas was an independent Republic, with Sam Houston serving as president, and Galveston was its largest port and primary city. By 1843, Willard Richardson was named editor of the paper and in 1845 decided to purchase the growing publication. ''The News'' continued to grow and became a "major voice in the Republic of Texas", and was one of the first papers in the US with a dedicated train to manage its circu ...
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Galveston, Texas
Galveston ( ) is a coastal resort city and port off the Southeast Texas coast on Galveston Island and Pelican Island in the U.S. state of Texas. The community of , with a population of 47,743 in 2010, is the county seat of surrounding Galveston County and second-largest municipality in the county. It is also within the Houston–The Woodlands–Sugar Land metropolitan area at its southern end on the northwestern coast of the Gulf of Mexico. Galveston, or Galvez' town, was named after 18th-century Spanish military and political leader Bernardo de Gálvez y Madrid, Count of Gálvez (1746–1786), who was born in Macharaviaya, Málaga, in the Kingdom of Spain. Galveston's first European settlements on the Galveston Island were built around 1816 by French pirate Louis-Michel Aury to help the fledgling empire of Mexico fight for independence from Spain, along with other colonies in the Western Hemisphere of the Americas in Central and South America in the 1810s and 1820s. The Po ...
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