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Moody National Bank
Moody National Bank (MNB) is a nationally chartered bank, founded in 1907, that is based in Galveston, Texas. With assets of nearly $1 billion, Moody Bank is one of the oldest and largest privately owned Texas-based banks. Its trust department, established in 1927, administers over $26 billion in assets, and is the largest domiciled in the state of Texas. The company offers a full range of commercial and consumer banking products, as well as trust and investment banking services to customers throughout Southeast Texas and Central Texas, including the Greater Houston area. The bank is unique in that through its trust department, it has ''de facto'' control of the American National Insurance Company (ANICO), one of the largest life and property/casualty companies in the U.S. The bank's trust department administers the Moody Foundation and the Libbie Shearn Moody Trust, which together own the majority of ANICO's shares. Moody National Bank is a wholly owned subsidiary of Moody ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody Foundation
The Moody Foundation is a charitable foundation incorporated in Texas and based in the island city of Galveston. It was chartered in 1942 by William Lewis Moody Jr. and his wife Libbie Rice Shearn Moody ''"to benefit, in perpetuity, present and future generations of Texans."'' The Foundation focuses the majority of its funding on programs involving education, social services, children's needs, and community development. Foundation description For more than 75 years, the Moody Foundation has supported projects and programs that better communities in the state of Texas. Since then, the Foundation has awarded over $1.5 billion and over 4,000 grants to organizations across the state that have educated, healed, nurtured and inspired generations of Texans. Grants are made through its Galveston, Texas headquarters and through a field office located in Dallas. In terms of assets, it is one of the largest foundations in Texas, and among the top 100 largest charitable foundations in the Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American National Insurance Company
American National Insurance Company (ANICO) is a major American insurance corporation based in Galveston, Texas. The company and its subsidiaries operate in all 50 U.S. states and Puerto Rico. Company description American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, Annuity (finance theory), annuities, health insurance, property and casualty insurance, payment protection insurance, credit insurance, and pension plan services. Through its subsidiary, ANREM, the company founded and developed the large-scale housing development, South Shore Harbour, in League City, Texas. Although a public company, publicly traded company, the majority of the stock had been controlled by the Moody family through the Moody Foundation and Libby Shearn Moody Trust, which are administered by the Trust company, trust department of the family owned Moody National Bank. In Aug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greater Houston
Greater Houston, designated by the United States Office of Management and Budget as Houston–The Woodlands–Sugar Land, is the fifth-most populous metropolitan statistical area in the United States, encompassing nine counties along the Gulf Coast in Southeast Texas. With a population of 6,997,384 people at the 2018 census estimates and 7,122,240 in 2020, Greater Houston is the second-most populous in Texas after the Dallas–Fort Worth metroplex. The approximately region centers on Harris County, the third-most populous county in the U.S., which contains the city of Houston—the largest economic and cultural center of the South—with a population of more than 2.3 million. Greater Houston is part of the Texas Triangle megaregion along with the Dallas–Fort Worth metroplex, Greater Austin, and Greater San Antonio. Greater Houston also serves as a major anchor and economic hub for the Gulf Coast. Its Port of Houston is the second largest port in the United States, sixte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Texas
Central Texas is a region in the U.S. state of Texas surrounding Austin and roughly bordered by San Saba to Bryan and San Marcos to Hillsboro. Central Texas overlaps with and includes part of the Texas Hill Country and corresponds to a physiographic section designation within the Edwards Plateau, in a geographic context. Central Texas includes the Austin–Round Rock, Killeen-Temple-Fort Hood, Bryan–College Station, and Waco metropolitan areas. The Austin–Round Rock and Killeen-Temple-Fort Hood areas are among the fastest-growing metropolitan areas in the state. The Greater Austin and Greater San Antonio areas are separated from each other by approximately along Interstate 35. It is anticipated that both regions may form a new metroplex similar to Dallas and Fort Worth. Some of the largest cities in the region are Austin, College Station, Killeen, Round Rock, and Waco. The largest U.S. Army installation in the country, Fort Hood, is located near Killeen. Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Comptroller Of Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, bank regulation in the United States, regulate, and supervise all national banks and Cooperative banking, thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. The acting Comptroller of the Currency is Michael J. Hsu, who took office on May 10, 2021. Duties and functions Headquartered in Washington, D.C., it has four district offices located in New York City, Chicago, Dallas and Denver. It has an additional 92 operating locations throughout the United States. It is an independent Government agency, bureau of the United States Department of the Treasury and is headed by the Comptroller of the Currency, appointed to a five-year term by the President with the consent of the Senate. The OCC pursues a number of main objectiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Galveston County Daily News
''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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Company
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts. The "trust" name refers to the ability to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for. A trustee will manage investments, keep records, manage assets, prepare court accounting, pay bills (depending on the nature of the trust), medical expenses, charitable gifts, inheritances or other distributions of income and principal. Estate administration A trust company can be named as an executor or personal representative in a last will and testament. The responsibilities of an executor in settling the estate of a deceased perso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
