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Prosperity Bancshares
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odessa, and Abilene, Texas; 16 in Bryan–College Station; 6 in Central Oklahoma; and 8 in Tulsa, Oklahoma. History The company was formed in 1983 to purchase a former Allied Bank branch in Edna, Texas. The Edna bank dated back to 1949 as the First National Bank of Edna. In November 2008, in a transaction organized by the Federal Deposit Insurance Corporation, the company acquired Franklin Bank, which suffered from bank failure. In 2010, the company acquired 3 branches in Texas as part of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Texas
West Texas is a loosely defined region in the U.S. state of Texas, generally encompassing the arid and semiarid lands west of a line drawn between the cities of Wichita Falls, Abilene, and Del Rio. No consensus exists on the boundary between East Texas and West Texas. While most Texans understand these terms, no boundaries are officially recognized and any two individuals are likely to describe the boundaries of these regions differently. Walter Prescott Webb, American historian and geographer, suggested that the 98th meridian separates East and West Texas; Texas writer A.C. Greene proposed that West Texas extends west of the Brazos River. Use of a single line, though, seems to preclude the use of other separators, such as an area— Central Texas. Unlike East Texas, West Texas is not generally considered to be part of the American South, and the dry, desert climate is often more associated with the American Southwest. West Texas is often subdivided according to disti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American State Bank
American State Bank was a financial service company operating 37 locations in 21 communities across Texas, mainly in West Texas. American State Bank first opened on May 20, 1948, in Lubbock. American State Bank had unusual continuity of management - there were only three presidents since its inception. The first president, Jack Payne, had a term lasting from the banks first opening until 1974. American State Bank did not accept any bailout funds from the federal government. On February 27, 2012, Houston-based Prosperity Bancshares, the parent company of Prosperity Bank, announced that it had signed a merger agreement with ASB, whereby ASB will merge into Prosperity Bank subject to shareholder and regulatory approval. The merger became final effective July 1, 2012. Prosperity Bancshares ultimately paid over 500 million dollars, through a combination of cash and common stock, to acquire American State Bank. References {{reflist Banks based in Texas Companies based in Lubbo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FBOP Corporation
FBOP Corporation was a financial services company based in Oak Park, Illinois, United States. As of mid-2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States. On October 30, 2009, FBOP's banking subsidiaries were closed by their chartering agencies and the Federal Deposit Insurance Corporation was appointed as their receiver. The company had over 4064 employees. The holding company began as First Bank of Oak Park. FBOP started acquiring other banks in 1990. In 2006, First Bank of Oak Park merged with four other co-owned banks in Illinois to create Park National Bank. FBOP operated banks in Illinois, California, Texas, and Arizona, prior to their closure. U.S. Bancorp acquired all nine of FBOP's nine banks on the day of closure, but later sold the three Texas-based banks to Prosperity Bancshares. Key people * Chairman: Michael E. Kelly * President: Robert M. Heskett * SVP and CFO: Michael Dunning Former subsidiaries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of ... [...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] |
Edna, Texas
Edna is a city in Jackson County, Texas, United States. The population was 5,499 at the 2010 census and 5,987 at the 2020 census. Edna is the county seat. Edna is the gateway to Lake Texana, which covers the site of Texana, Texas. Edna has a hospital, convalescent home, library, museum, city park with swimming pool, three banks, two savings and loan associations, a country club with a nine-hole golf course, and Oak Creek Village, a retirement community. It is the center of a prosperous agricultural area with petroleum and natural gas production and has an active chamber of commerce, oilfield service industries, and two grain elevators. On the courthouse lawn is a monument to Irwin Moore Laughter (1893–1916) of the United States Navy, who was killed in Mazatlan, Mexico, during the attempt by U.S. forces to capture the Mexican revolutionary general Pancho Villa. History Edna, the county seat of Jackson County, was established in 1882 when the New York, Texas and Mexic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tulsa, Oklahoma
Tulsa () is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 1,023,988 residents. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties. Tulsa was settled between 1828 and 1836 by the Lochapoka Band of Creek Native American tribe and most of Tulsa is still part of the territory of the Muscogee (Creek) Nation. Historically, a robust energy sector fueled Tulsa's economy; however, today the city has diversified and leading sectors include finance, aviation, telecommunications and technology. Two institutions of higher education within the city have sports teams at the NCAA Division I level: Oral Roberts University and the University of Tulsa. As well, the University of Oklaho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Oklahoma
Central Oklahoma is the geographical name for the central region of the U.S. state of Oklahoma. It is also known by the Oklahoma Department of Tourism designation, Frontier Country, defined as the twelve-county region including Canadian, Grady, Logan, Oklahoma, Cleveland, McClain, Payne, Lincoln, Pottawatomie, Seminole, Okfuskee, and Hughes counties. Central Oklahoma is dominated by the largest urban area in the state, the Greater Oklahoma City area. Oklahoma City is the political, economic, tourism, commercial, industrial, financial, and geographical hub of the state, as well as being its primary cultural center. The only Central Oklahoma city which is not officially considered a suburb of Oklahoma City is Stillwater, Oklahoma. Geography Central Oklahoma is a humid-subtropical region dominated by the Cross Timbers, an area of prairie and patches of forest at the eastern extent of the Great Plains. The region is essentially a transition buffer between the wetter and more fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bryan–College Station
Bryan–College Station is a metropolitan area centering on the twin cities of Bryan and College Station in the Brazos Valley region of Texas. The 2010 census placed the population of the three county metropolitan area at 255,519. The 2019 population estimate was 273,101. The area's economic and social life is centered on the main campus of Texas A&M University in College Station; thus, the area is popularly known as "Aggieland" in reference to the Aggies nickname for the university's sports teams and students. Geography The College Station–Bryan, TX metropolitan statistical area (MSA) encompasses three counties: Brazos, Burleson, and Robertson. The College Station–Bryan MSA encompasses 2,123 sq mi (5,524 km2) of area, of which 2,100 sq mi (5,439 km2) is land and 33.5 sq mi (87 km2) is water. Counties * Brazos * Burleson * Robertson Communities Places with more than 75,000 people * Bryan * College Station Places with 1,000 to 10,000 people * Caldwell * Calv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
