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Article: Start-Ups Finally Finding A Home in San Antonio.(Texas)
- Article from:
- American Banker
- Article date:
- December 27, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. 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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Dozens of banks have opened in Texas in the last decade, but San Antonio is one market that has proved difficult to crack.
While organizers have flocked to Houston, Dallas, and Fort Worth, they generally have steered clear of San Antonio, because the market has not undergone much consolidation and it is viewed as sufficiently banked, bankers and industry observers said.
That could be changing. One bank holding company recently opened for business there, and two others in organization are expected to open in the first half of next year.
The three companies are going after distinct audiences. One will target small and midsize businesses. Another ...