Best Texas Songs: The Short List If you're new to Texas, you better know Texas music. If you grew up in Texas and you don't know at least these or Pat Green, Dixie Chicks or T Bone Burnett, may a horned toad snuggle in your boots and a Texas tarantula crawl across you when you sleep. Full Story » Alan Nelson
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.
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. will acquire Community National Bank, Bellaire, Texas.
This is the fifth acquisition announced by Prosperity within the past nine months.
Community National Bank operates one (1) banking office in Bellaire, Texas, in the Houston metropolitan area.
As of March 31, 2012, Community National Bank reported total assets of $182.9 million, total loans of $67.3 million and total deposits of $162.7 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, subject to certain conditions and potential adjustments.
“We continue to look for opportunities to expand our presence in the Houston area and Community National Bank's location in Bellaire is an excellent fit for us,” said Prosperity chief executive David Zalman in a prepared statement. “The customers of Community National Bank will be able to use any of our locations across the state after the merger.”
Prosperity will be closing its existing Bellaire Banking Center and, following the merger, retain the Community National Bank location and will continue to operate fifty-nine (59) banking centers across the Houston Area.
“As we looked for merger partners, Prosperity Bank stood out as an excellent fit for our customers,” said Community National chief executive Randy Dobbs in a statement. “The ability to remain as a community oriented bank serving the Harris County market with the same people that founded the bank was important to us. We believe this is an opportunity to be part of a larger community bank and offer our customers additional products, a larger branch network and the financial strength of a premier banking organization.”
Dobbs and John James, president of Community National Bank will join the Prosperity as president – Bellaire Banking Center and executive vice president.
The merger has been approved by the boards of directors of Prosperity and Community National Bank and is expected to close during the fourth quarter of 2012, although delays may occur. The transaction is subject to certain conditions, including the approval by Community National Bank's shareholders and customary regulatory approvals. Operational integration is anticipated to begin late in 2012.
Community National Bank was advised in this transaction by Commerce Street Capital LLC as financial advisor. Bracewell & Giuliani LLP was legal counsel to Prosperity Bancshares Inc.
Prosperity Bancshares, Inc.®, recently named "America's Best Bank" by Forbes, is a $10.9 billion Houston, Texas based regional financial holding company, formed in 1983. Operating under a community banking philosophy and seeking to develop broad customer relationships based on service and convenience, Prosperity offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. In addition to established banking products, Prosperity offers a complete line of services including: Internet Banking services at http://www.prosperitybanktx.com, Retail Brokerage Services, MasterMoney Debit Cards, and 24 hour voice response banking. Prosperity currently operates one hundred seventy-six (176) full service banking locations; fifty-nine (59) in the Houston area; twenty (20) in the South Texas area including Corpus Christi and Victoria; thirty-two (32) in the Dallas/Fort Worth area; twenty-one (21) in the East Texas area; thirty-four (34) in the Central Texas area including Austin and San Antonio; and ten (10) in the Bryan/College Station area.
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: Texas regulators not aware of potential CFTC manipulation probe,Irving spends incentive dollars to lure two corporate headquarters and almost 2,000 jobs;Hotels, restaurant operators prep for record Final Four;Star-Telegram presses roll one last time; Robert Rodriguez breathes new life into an old vampire favorite; ClubCorp buys Prestonwood Country Club in Dallas and Plano; Office Depot overcharged Dallas by up to $3.6 million, city auditor finds; Texas power market monitor resigns amid unresolved reform debate; and more.