Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Dead Texas musicians live on every time you hear their songs. Their songs play everywhere, so the dead Texas musicians appear to be immortal. Here's the short list.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: HOUSTON—Prosperity Bancshares Inc., the parent company of Prosperity Bank, completed the merger with Community National Bank, Bellaire, Texas.
This transaction continues Prosperity's expansion of the franchise in the greater Houston area.
Community National Bank operates one banking office in Bellaire within the Houston metropolitan area. Prosperity will now operate 59 banking centers in the Houston area.
As of June 30, 2012, Community National Bank reported total assets of $180.6 million, total loans of $68.6 million and total deposits of $162.6 million.
Under the terms of the definitive agreement, Prosperity will issue up to 372,396 shares of Prosperity common stock plus $11.4 million in cash for all outstanding shares of Community National Bank capital stock.
Randy Dobbs, chief executive officer of Community Bank will serve as president – Bellaire Banking Center and will be responsible for the day to day operations of the Bellaire Banking Center.
John James, president of Community National Bank will serve as executive vice president at the Bellaire Banking Center.
“We are excited about the partnership of our bank with Community National Bank,” said Prosperity chief executive David Zalman in a prepared statement. “The customers of Community National Bank will continue to experience the same level of personalized customer service that they are accustomed to and can take advantage of the 59 banking centers in the greater Houston area.”
Community National Bank was advised in this transaction by Commerce Street Capital LLC as financial advisor. Bracewell & Guiliani LLP was legal counsel to Prosperity.
Prosperity Bancshares is a $13.9 billion Houston, Texas based regional financial holding company, formed in 1983.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: The West News proves the value of a great weekly newspaper in a community torn up with grief and chaos; Chinese investors checking out Texas, Austin; Texas makes bounce house operators carry liability coverage, but not plants like West Fertilizer; bSpaceX’s Grasshopper leaping to NM spaceport;American Airlines, US Airways to name post-merger leadership within weeks; Texas power cushion seen at lowest level in a decade; Media outlets reflect Houston's diversity; and more.
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