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Article: Bank's sale brings up questions: Purchase of Texas State Bank expected to close in 4th quarter.(Company overview)
- Article from:
- Valley Morning Star (Harlingen, TX)
- Article date:
- June 19, 2006
CopyrightCOPYRIGHT 2006 Valley Morning Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Matt Whittaker
Jun. 19--McALLEN -- Texas State Bank, an institution as homegrown as the Ruby Red grapefruit, celebrated its 25th birthday in February.
One week ago, the lender announced a present, of sorts -- one worth $2.16 billion. Banco Bilbao Vizcaya Argentaria, Spain's second-largest bank, will buy Texas State's parent company, Texas Regional Bancshares Inc. The sale, expected to close in the fourth quarter, has raised questions among bank employees and the community, while customers seem to be at ease with the transition as long as service isn't interrupted.
Bank client Luis Olivares has had a checking account with ...