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Texas Comptroller Office Distributes $669 Million in Monthly Sales Tax Revenue to Local Governments

Texas Business reports: The Texas Comptroller's Office reported state sales tax revenue in April was $2.15 billion, up 3.9 percent compared to April 2012. 

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TexasBusiness.com

Dell Acquires Enstratius Cloud-Management Company

Texas Business reports:  Dell acquired Enstratius, a cloud-management software and services provider that delivers single and multi-cloud management capabilities. 

 Full Story »
TexasBusiness.com

Texas Tech to Open School of Accounting in Lubbock

When Texas Tech University in Lubbock opens the doors of its new School of Accounting on Aug. 15, it will mark a major first for the university — and will be only the second such opening in the state. 

 Full Story »
Reeve Hamilton for Texas Tribune

Nekoosa Coated Products acquires IGI Corp

Texas Business reports:  DALLAS—Wingate Partners, a Dallas-based investment firm, announced its portfolio company, Nekoosa Coated Products, acquired IGI Corp., parent of RTape Corp. and CET Films Corp.  

 Full Story »
TexasBusiness.com

U.S. Capital Advisors Invests $24 Million into Badger Midstream Energy

Texas Business reports:  HOUSTON—U.S. Capital Advisors LLC made a $24.1 million preferred equity investment into Badger Midstream Energy LP, a newly formed midstream energy company. 

 Full Story »
TexasBusiness.com

Lund International Acquires Assets of Texas’ Tradesman Truck Accessories

Texas Business reports:  BUFORD, Ga.—Lund International Holding Company, a portfolio company of Highlander Partners LP, acquired the assets of Tradesman Truck Accessories LLC.  

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TexasBusiness.com

Credit card interest rates fall to 14.93 percent

Texas Business reports: AUSTIN--Interest rates on new credit card offers dipped this week for the first time in more than two months, according to the CreditCards.com Weekly Credit Card Rate Report. 

 Full Story »
TexasBusiness.com

American Airlines and Farelogix Extend Technology Agreement

Texas Business reports: FORT WORTH, TEXAS and MIAMI, FLORIDA—American Airlines and Farelogix reached a seven-year agreement  in which Farelogix will continue providing enhancements and support for American's direct connect, a system which enables the sale of American's fares and other products by travel agencies. 

 Full Story »
TexasBusiness.com

AMD Closes Transaction to Sell and Lease-back Austin Campus, Generating Approximately $164 Million in Cash

Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD closed its transaction with 7171 Southwest Parkway Holdings LP to sell and lease-back the company’s “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas. 

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TexasBusiness.com

AMD Executes Purchase Agreement Expected to Generate Approximately $164 Million Cash

Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD entered into an agreement to sell and lease-back its “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas to 7171 Southwest Parkway Holdings LP, an affiliate entity of real estate investment company Spear Street Capital. 

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TexasBusiness.com

Rainier Group Opens Texas Office

Texas Business reports:  SEATTLE—The Rainier Group, Inc., a financial consultant group, opened a Dallas office. 

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TexasBusiness.com

First Financial Bankshares to Acquire Orange Savings Bank

Texas Business reports:  ABILENE, Texas—First Financial Bankshares Inc. entered into a definitive agreement to acquire Orange Savings Bank SSB for an expected combination of cash and stock purchase price of approximately $56.0 million. 

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TexasBusiness.com

Bankruptcy Creates World's Largest Airlines in Fort Worth

TEXAS BUSINESS reports:  FORT WORTH—Who would have thought a bankruptcy would have led to the creation of the world’s largest airlines based in Fort Worth that will dominate U.S. air traffic and absorb a competitor from Arizona? 

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TexasBusiness.com

Solera Holdings Acquires HyperQuest

Texas Business reports: WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, acquired 100% of the outstanding shares of HyperQuest Inc.  


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TexasBusiness.com

Dallas Precious Metals Conglomerate Elemetal Adds 4 Million Shares of DGSE Common Stock

Texas Business reports:  DALLAS—NTR Metals LLC contributed 4,393,142 shares common stock of DGSE Companies Inc. to Elemetal LLC in exchange for ownership units of Elemetal.  

 Full Story »
TexasBusiness.com

Carlile Bancshares, Fort Worth Acquires Colorado Community Bank

Texas Business reports:  FORT WORTH—Carlile Bancshares  Inc. of Fort Worth  finalized the acquisition of Washington Investment Corporation, the parent company of Colorado Community Bank, Yuma, Colorado. 

 Full Story »
TexasBusiness.com

Northstar Acquires Mortgage Warehouse Company

Texas Business reports:  DENTON—Northstar Bank of Texas, a state chartered banking association headquartered in Denton, a member of Carlile Bancshares Inc., a bank holding company headquartered in Fort Worth, acquired controlling interest in Goldome Financial Inc.,  a Texas limited liability company headquartered in Flower Mound, Texas.


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TexasBusiness.com

Synthesis Energy Systems Reaches Revised Agreement with Crystal Vision Energy

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc. entered into a revised services agreement with Crystal Vision Energy Limited  focused on growth of SES China, the Company's China business platform, via capital raising, M&A, and management services. 

 Full Story »
TexasBusiness.com

$800 Million of Six Flags Notes Priced at 5.25%

Texas Business reports:  GRAND PRAIRIE, Texas—Six Flags Entertainment Corporation priced $800 million of 5.25% senior unsecured notes due 2021 in connection with a private offering that is exempt from registration under the Securities Act of 1933, as amended.  

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TexasBusiness.com

Synthesis Energy Systems Completes Closing of $15.5 Million Equity Investments from Hongye and Zhongmo

Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. closed its strategic equity investment from Shanghai Zhongmo Investment Management Co., Ltd. of $6.27 million for 4,177,335 shares of SES common stock. 

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TexasBusiness.com

Huitt-Zollars Acquires Oklahoma City Firm

Texas Business reports: DALLAS— Huitt-Zollars acquired an Oklahoma based firm, Coon Engineering (CEI). 

 
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TexasBusiness.com

The Cushing Royalty Trust and Upstream MLP Index Changes Name to The Cushing Upstream Energy Income Index

Texas Business reports:  DALLAS—Cushing MLP Asset Management LP, a subsidiary of Swank Capital LLC, announced the name change of The Cushing Royalty Trust and Upstream MLP Index to The Cushing Upstream Energy Income Index.


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TexasBusiness.com

Solera Holdings Aquires Assets from PS Holdings

Texas Business reports:  WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, announced that one of its subsidiaries has completed the acquisition of substantially all of the assets of PS Holdings LLC, whose services are sold under the APU brand name. 

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TexasBusiness.com

Prosperity Bancshares Completes Merger With Community National Bank – Bellaire

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc., the parent company of Prosperity Bank, completed the merger with Community National Bank, Bellaire, Texas. 

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TexasBusiness.com

Synthesis Energy Systems Announced Fourth Quarter and Fiscal 2012 Financial Results

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc.  announced financial and operating results for the fourth quarter and fiscal 2012 ended June 30, 2012. 

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TexasBusiness.com

Sidewinder Drilling To Acquire Union Drilling For Approximately $242 Million

Texas Business reports:  FORT WORTH and HOUSTON—Union Drilling Inc., a land drilling services and equipment contractor headquartered in Fort Worth, Texas, and Sidewinder Drilling Inc. , a Houston-based land drilling company controlled by Avista Capital Partners,  entered into a definitive agreement and plan of merger pursuant to which Sidewinder will acquire all of the outstanding shares of Union Drilling common stock in an all-cash tender offer valued at approximately $242 million. 

 Full Story »
TexasBusiness.com

Westlake Securities Represents Applied Natural Gas Fuels in Capital Raise for Expansion of Natural Gas Liquefaction Plant

 Texas Business reports:  AUSTIN—Westlake Securities, LLC, a middle-market investment bank, announces the completion of a debt and equity placement for Applied Natural Gas Fuels Inc.  

 Full Story »
TexasBusiness.com

Synthesis Energy Systems Announces Closing of $8.7 Million Hongye Equity Investment

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc. announced the closing of its strategic equity investment from Hongye International Investment Group Co. Ltd.  for a total of $8.7 million, representing 5,777,700 shares of SES common stock, or a 9.99% ownership interest. 

 Full Story »
TexasBusiness.com

Intervale Capital Sells Fort Worth’s Ulterra Drilling Technologies to ESCO Corporation

 Texas Business reports:  FORT WORTH—Intervale Capital, a private equity firm focused on the oilfield services industry, sold Ulterra Drilling Technologies LP to ESCO Corporation for $325 million in cash, subject to customary closing adjustments. 

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TexasBusiness.com

Shaw To Be Acquired by CB&I

Texas Business reports: THE WOODLANDS—Louisiana’s The Shaw Group Inc. signed a definitive merger agreement with Texas-based Chicago Bridge & Iron under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion. 

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TexasBusiness.com

Aetna Awarded Medicare Advantage Contract by Teacher Retirement System of Texas

Texas Business reports: HARTFORD, Conn.—Aetna won the Medicare Advantage contract by the Teacher Retirement System of Texas (TRS), effective January 1, 2013. 

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TexasBusiness.com

Valence Technology Files Voluntary Chapter 11 Business Reorganization

Texas Business reports:  AUSTIN—Valence Technology Inc. filed a voluntary petition for a chapter 11 business reorganization in the U.S. Bankruptcy Court for the Western District of Texas. 

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TexasBusiness.com

Ohio Firm Buys Texas Property And Casualty Broker Stoltz and Company

Texas Business reports: CLEVELAND—CBIZ Inc. acquired the assets of Stoltz and Company LTD LLP of Midland, Texas. 

 Full Story »
TexasBusiness.com

Prosperity Bancshares To Acquire Community National Bank - Bellaire

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. will acquire Community National Bank, Bellaire, Texas. 

 Full Story »
TexasBusiness.com

New York Firm to Buy Dallas National Insurance Company

Texas Business reports: DALLAS—Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, reached a definitive agreement with Dallas National Insurance Holdings to acquire 100% of Dallas National Insurance Company, a Texas based property and casualty insurer, founded in 2005. 

 Full Story »
TexasBusiness.com

Orthofix International Completes Divestiture of Sports Medicine Business Unit

Texas Business reports:  LEWISVILLE—Orthofix International NV completed the divestiture of its Sports Medicine Business Unit, Breg Inc., to Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry.

 Full Story »
TexasBusiness.com

Western Texas Brick and Tile Business to Auction Assets, Industrial Warehouse Property

Texas Business reports: SNYDER—Former west Texas business Snyder Brick & Tile will auction its assets Tuesday June 19, 2012 at 11 AM including a 63,950-square-foot industrial warehouse manufacturing property on 9.188 acres, equipment and surplus tile inventory. 

 Full Story »
TexasBusiness.com

Texas Gives $1.3 Million To Insurance Claims Processing Company To Open In Tyler

Texas Business reports: The state is investing $1.3 million through the Texas Enterprise Fund (TEF) in Centene Corp. to open its third U.S. claims center in Tyler.

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TexasBusiness.com

Commodity Futures Investing: Method to the Madness
Texas Business reports:  Commodity futures market participants have traditionally fallen into one of two groups: hedgers and speculators. Hedgers produce or consume a commodity and enter the market to reduce the risk of adverse price movements. Speculators, on the other hand, seek monetary gain by anticipating when and in what direction futures prices will move.

Recently, a third group has entered the marketplace, according to the Federal Reserve Bank of Dallas. Seeking neither to hedge risk nor to speculate on prices, these individuals invest in commodity futures as a separate asset class, not unlike someone buying stocks or bonds.

 Full Story »
TexasBusiness.com

New York Firm Buys Dallas’ CompressorWorks In $37 Million Deal

Texas Business reports: DALLAS—New York’s Standard Motor Products Inc., an automotive replacement parts manufacturer and distributor acquired CompressorWorks, a temperature control company, for approximately $37.4 million.

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TexasBusiness.com

Apache Completes Cordillera Energy Partners III, LLC Acquisition

Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III  LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. 

 Full Story »
TexasBusiness.com

Comstock Resources Completes Oil and Gas Property Divestitures

Texas Business reports: FRISCO, Texas—Comstock Resources Inc. completed the previously announced divestiture of certain oil and gas properties located in Tyler and Polk counties in South Texas and Lincoln Parish in North Louisiana.

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TexasBusiness.com

Asset Revitalization Solutions Tops $100 Million Mark in Distressed Loan Purchases

Texas Business reports:  AUSTIN—Asset Revitalization Solutions LLC, an Austin-based distressed commercial real estate asset management company recently completed the acquisition of $73 million in distressed loans from a New York bank.

 Full Story »
TexasBusiness.com

CarFinance Capital Extends National Footprint: Opens Texas Office

Texas Business reports: IRVINE, Califorina—CarFinance Capital LLC, a specialized provider of non-prime financing services for auto dealers, opened a new office in Fort Worth which is expected to eventually house up to an additional 125 employees. 

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TexasBusiness.com

Student Loan Borrowers Dazed and Confused by Servicer Shuffle

The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans, such as payments that are mysteriously adjusted up or down.

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Marian Wang for ProPublica

Biometric Signature ID Secures Series A Equity Investment from Mohegan Biometrics LLC

Texas Business reports:  DALLAS—Biometric Signature ID Inc. (BSI), developers of patented gesture biometrics software for Identity authentication over the Internet, closed a Series A financing with Mohegan Biometrics LLC, a subsidiary of the Mohegan Tribe of Indians of Connecticut.

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TexasBusiness.com

McCombs Adds New Master’s Degree In Finance

Texas Business reports:  AUSTIN—College graduates with nonbusiness backgrounds can now earn a master of science degree in finance (MSF) from the McCombs School of Business. The 10-month degree, which is the newest expansion of McCombs' specialized master’s degree programs, will launch in July 2012.

 Full Story »
TexasBusiness.com

Imperial Sugar Company Completes Sale of Wholesome Sweeteners Investment

Texas Business reports: SUGAR LAND, Texas—Imperial Sugar Company completed the sale of its 50% interest in Wholesome Sweeteners Inc. to an affiliate of Arlon Group, a private investment group focused on food and agriculture. 

 Full Story »
TexasBusiness.com

Delta Seaboard International, Inc. and American International Industries, Inc. Sell Delta Seaboard Well Service, Inc.

Texas Business reports:  HOUSTON and KEMAH, Texas—Delta Seaboard International Inc. and American International Industries Inc. sold Delta's wholly-owned subsidiary, Delta Seaboard Well Service, Inc. to Delta Seaboard LLC, ( Delta LLC) an entity controlled by Delta president Robert Derrick, Jr. and Delta vice president Ron Burleigh.

 Full Story »
TexasBusiness.com

Security Service Federal Credit Union membership opens to UTSA   | sanant_txbz, UTSA, Security Services, FCU, credit union,
Security Service Federal Credit Union membership opens to UTSA

Texas Business reports:  San Antonio’s largest credit union is tapping the UTSA market.

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TexasBusiness.com

Round Rock Firm Wins $7.3 Million Military Insurance Support Contract

Texas Business reports:  A Round Rock firm won an $7.3 million contract for support of the military’s health insurance program, according to the U.S. Department of Defense.   

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TexasBusiness.com

Arabian American Receives Approval for Listing on the NYSE

Texas Business reports:  SUGAR LAND, Texas—Arabian American Development Co received notification that its common stock has been approved for listing on the New York Stock Exchange (NYSE) and is currently going through the required regulatory processes associated with the switch to the NYSE.

 Full Story »
TexasBusiness.com

ViewPoint Financial Group Receives Regulatory Approvals for Acquisition of Highlands Bancshares

Texas Business reports:  PLANO—ViewPoint Financial Group Inc. received all regulatory approvals for its acquisition of Highlands Bancshares Inc. and Highlands' subsidiary bank, The First National Bank of Jacksboro. 

 Full Story »
TexasBusiness.com

ULURU to Transition From NYSE Amex to OTC Markets

Texas Business reports:  ADDISON— ULURU advised the NYSE Amex of its intent to initiate a voluntarily delisting of the company's common stock from trading on the exchange.

 Full Story »
TexasBusiness.com

Campus Advantage Closes On $100 Million Joint Venture

Texas Business reports:  AUSTIN—Campus Advantage, a student housing company, receinlty closed its acquisition of two properties, a $100 million joint venture with one of the nation's largest pension funds.

 Full Story »

VHGI Holdings Acquires Lily Group Inc. and Secures $13 Million Financing

Texas Business reports:  Fort Worth—VHGI Holdings Inc. announced its wholly-owned subsidiary, VHGI Coal, Inc. acquired all of the stock of Lily Group Inc.

 Full Story »
TexasBusiness.com

Leagues of Their Own Inc., Professional Sports Wives Association To Create Credit Union

Texas Business reports: KATY—Two pro sports women's associations are teaming up to form a credit union with an educational wealth empowerment program for pro athletes and their families. 

 Full Story »
TexasBusiness.com

Outreach Services Merger With Cardon Healthcare Creates Largest Provider of Eligibility Services to Hospitals

Texas Business reports:  THE WOODLANDS— Cardon Healthcare Network announced that Outreach Services has agreed to a merger between the two companies.

 Full Story »
TexasBusiness.com

Ryan Closes $100 Million Syndicated Credit Facility; Will Support Continued Growth and International Expansion

Texas Business reports:  DALLAS—Ryan, a leading global tax services firm with the largest indirect tax practice in North America, secured a $100 million (expandable to $135 million) syndicated credit facility led by Bank of America, N.A., including Comerica Bank; Citibank, N.A.; and Fifth Third Bank.


 Full Story »
TexasBusiness.com

Prosperity Bancshares To Buy The Bank Arlington

Texas Business reports: HOUSTON—Prosperity Bancshares Inc.  plans to acquire The Bank Arlington. 

 Full Story »
TexasBusiness.com

Texas Trust Credit Union Increases Local Banking Competition in Grand Prairie

Texas Business reports:  MANSFIELD—Texas Trust Credit Union will soon open another branch in Grand Prairie, its ninth in north Texas, giving area consumers more choice for their banking options.


 Full Story »
TexasBusiness.com

Austin’s ARS Expands Florida Investment to Nearly $30 Million Distressed Loans

Texas Business reports:  AUSTIN—Asset Revitalization Solutions,  specialists in distressed asset investments and management, acquired $10 million in distressed loans in Florida.


 Full Story »
TexasBusiness.com

Prosperity Bancshares Inc. Completes Acquisition of Texas Bankers, Inc.

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. completed the previously announced acquisition of Texas Bankers Inc. and its wholly-owned subsidiary, Bank of Texas, Austin, Texas.

 Full Story »
TexasBusiness.com

Texas Instruments to move to NASDAQ: Ticker symbol to remain TXN

Texas Business reports:  DALLAS—Texas Instruments Incorporated is transferring its stock exchange listing to The NASDAQ Global Select Market from The New York Stock Exchange, effective January 1, 2012.


 Full Story »
TexasBusiness.com

Chicago’s RFG Fund I LLC Closes on Austin-based Excel Acquisition

Texas Business reports:  CHICAGO—RFG Fund I LLC acquired a majority interest in Excel Finance Holding Company ("Excel"), headquartered in Austin, Texas.


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TexasBusiness.com

Frost Insurance to Acquire Houston-based Human Resource Consulting Firm, Stone Partners

Texas Business reports: HOUSTON—Frost Insurance will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective on January 1, 2012.

 Full Story »
TexasBusiness.com

Highland Funds to Spin-off, Form Pyxis Capital

Texas Business reports:  DALLAS—Highland Funds Asset Management LP will spin off from Highland Capital Management LP and form Pyxis Capital, a registered investment adviser serving financial advisers, institutions, and individual investors seeking registered alternative investment solutions.


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TexasBusiness.com

Generational Equity Announces the Acquisition of Trevathan Tool Company by a Private Investor

Texas Business reports:  DALLAS—Generational Equity, a mergers and acquisitions advisor for privately-held and family-owned businesses, announced the sale of its client, Trevathan Tool Company to a private investor.

 Full Story »
TexasBusiness.com

Prosperity Bancshares to Buy East Texas Financial Services

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. signed a definitive agreement to acquire East Texas Financial Services Inc. and its wholly-owned subsidiary, First Federal Bank Texas (Firstbank).

 Full Story »
TexasBusiness.com

MidSouth Bancorp Completes Acquisition of Beacon Federal Branch in Tyler, Texas

Texas Business reports:  Louisiana-based MidSouth Bancorp Inc. confirmed its subsidiary, MidSouth Bank , completed its acquisition of the Beacon Federal branch in Tyler, Texas.

 Full Story »
TexasBusiness.com

Akard Street Partners Capitalizes Its Newest Operating Company, Capital Health Holdings, L.P.

Texas Business reports: DALLAS—Dallas-based Akard Street Partners, an investment partnership operated by Hunt Realty Investments, agreed to capitalize its newest real estate operating company, Capital Health Holdings LP, which will acquire and selectively develop private pay senior housing assets throughout the U.S., primarily assisted living and memory care facilities.

 Full Story »
TexasBusiness.com

Resort Finance America Acquires Controlling Interest in Prime Las Vegas Resort Property from Westgate Resorts

Texas Business reports:  DALLAS—Resort Finance America LLC  acquired a controlling interest in PH Towers Westgate in Las Vegas, Nevada from Westgate Resorts. 

 Full Story »
TexasBusiness.com

WhaleShark Media Raises $150 Million in Financing to Support Growth and Acquisition Strategies

Texas Business reports: AUSTIN—WhaleShark Media,  the world's leading marketplace for online coupons and deals, received $150 million in funding from J.P. Morgan Asset Management and Institutional Venture Partners (IVP) bringing the company's total funding from investors to nearly $300 million.


 Full Story »
TexasBusiness.com

Nebraska Firm to Acquire Texas Company

Texas Business reports:  Nebraska-based Ameritas Life Insurance Corp. (Ameritas Life) entered into an agreement in principle to acquire BNL Financial Corporation (BNL), the parent company of Brokers National Life Assurance Company (Brokers National), an Austin, Texas-based insurance company domiciled in Arkansas.

 Full Story »
TexasBusiness.com

KKR Selected as Strategic Partner by Teacher Retirement System of Texas

Texas Business reports:  The Teacher Retirement System of Texas (TRS) selected Kohlberg Kravis Roberts & Co. LP to manage $3 billion of TRS' capital across a variety of private markets' asset classes.

 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report
Texas Business reports:  AUSTIN--The average interest rate on a new credit card offer stayed static this week, according to the CreditCards.com Weekly Credit Card Rate Report, despite a rate bump by one of the nation's largest issuers. Full Story »
TexasBusiness.com

Huntsman Sells Stereolithography and Digitalis Machine Manufacturing Businesses to 3D Systems Corporation For $41 Million

Texas Business reports:  THE WOODLANDS—Huntsman Corporation announced that its Advanced Materials division completed the sale of its stereolithography resin and Digitalis machine manufacturing businesses to 3D Systems Corporation for $41 million in cash.


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TexasBusiness.com

Tens of Thousands Flow Into Texas Credit Unions

Texas Business reports: DALLAS—Many Texas Credit unions had a steady stream of new accounts open on Saturday as "Bank Transfer Day" drew attention online and on the streets across the state.


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MoneyGram International Signs Agreement with Cumberland Farms to Launch MoneyGram Xpress In-lane Money Transfer Service

Texas Business reports:  DALLAS—MoneyGram International signed an agreement with Massachusetts-based Cumberland Farms to launch the first locations of the MoneyGram  Xpress service.


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TexasBusiness.com

State Banking Agency: Agreed Order Signed with Emmitt Lewis, Jr.

Texas Business reports:  BRENHAM--On May 5, 2011, an Emergency Cease and Desist Order was issued to Emmitt Lewis, Jr., dba Lewis Funeral Home and Chapel for the sale of a trust-funded preneed funeral contract without the required state permit and the mishandling of funds as required by Texas Finance Code Chapter 154, the Texas Department of Banking announced this week.


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TexasBusiness.com

Results of Election: Federal Reserve Bank of Dallas Board of Directors
Texas Business reports:  The election of directors to succeed James B. Bexley, Class B Director, and George F. Jones Jr., Class A Director, whose terms expire Dec. 31, 2011, has been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act. Full Story »
TexasBusiness.com

glendonTodd Capital LLC Invests into F&M Bancorporation Inc.

Texas Business reports:  DALLAS--glendonTodd Capital LLC, a private equity firm that focuses on investments in a broad range of industry sectors including financial services, business services, and technology announces the investment into F&M Bancorporation Inc.


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TexasBusiness.com

Ten Start-ups to Pitch New Business Ideas at University of Texas Venture Expo

Texas Business reports:  AUSTIN—Executive teams from 10 Texas Venture Labs (TVL) portfolio companies will pitch their ideas to investors at the upcoming Venture Expo Oct. 27.


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TexasBusiness.com

Texas Gulf Bank Breaks Ground in Friendswood, Texas

Texas Business reports:  FRIENDSWOOD—Texas Gulf Bank broke ground on its new branch location in Friendswood, Texas.


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TexasBusiness.com

Spredfast Secures $12 Million in Venture Capital Funding to Accelerate Product Innovation and Company Growth
Texas Business reports:  AUSTIN—Spredfast, a social media management system provider, raised $12 million in Series B funding led by InterWest Partners. Full Story »
TexasBusiness.com

IBC To Close 55 Branches In Response To Regulations

Texas Business reports:  LAREDO—International Bancshares Corporation plans to close 55 of its smaller in-store branches located in grocery stores.


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TexasBusiness.com

East Texas Financial Services Inc. Changes Stock Ticker Symbol to FFBT
Texas Business reports: East Texas Financial ServicesInc. announced the company received a new ticker symbol from the Financial Industry Regulatory Authority, and effective today the stock will trade under the new ticker symbol "FFBT" on the OTC Bulletin Board. Full Story »
TexasBusiness.com

Forbes Energy Services Enters into $75 Million Revolving Credit Facility with Regions Bank

Texas Business reports:  ALICE, Texas—Forbes Energy Services Ltd. announced that on September 9, 2011, the company and certain of its subsidiaries entered into a five year asset based revolving credit facility with Regions Bank and certain other lenders, which is secured by substantially all of the company's assets. 


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TexasBusiness.com

San Antonio Bank Wins $7 Million Military Banking Option
 Texas Business reports: A San Antonio bank won a $7 million option on a contract to provide banking services to the military, the U.S. Department of Defense announced. Full Story »
TexasBusiness.com

EZCORP Terminates Proposed Transaction With Australia’s Cash Converters

Texas Business reports:  AUSTIN—EZCORP Inc. terminated an agreement to acquire a controlling interest in Cash Converters International.


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TexasBusiness.com

Life Partners Announces NASDAQ's Acceptance of Its Plan to Regain Compliance

Texas Business reports:  WACO—Life Partners Holdings Inc, parent company of Life Partners, Inc., announced  The Nasdaq Stock Market (Nasdaq) accepted the company's plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the Rule) which will permit a continued listing of the company's stock on the Nasdaq Global Select market.


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TexasBusiness.com

Forestar Completes $75 Million Sale to Plum Creek

Texas Business reports:  AUSTIN—Forestar Group Inc.  completed the sale of approximately 50,000 acres of timberland in Georgia and Alabama for $75 million to Plum Creek Timber Company, Inc. Forestar reserved mineral rights and retained an option to acquire the mitigation rights to approximately 1,000 acres for use in mitigation banks.


 Full Story »
TexasBusiness.com

International Bancshares Corporation Partners with Elan Financial Services for Its Credit Card Program
Texas Business reports: LAREDO—Minnesota-based Elan Financial Services, an agent credit card issuer, partnered with International Bancshares Corporation of Laredo, an independent bank holding company in Texas, to offer an industry leading credit card program at its 278 locations throughout Texas and Oklahoma. Full Story »
TexasBusiness.com

Kimbia, Inc. Completes $4 Million Series 2 Financing Round Led by S3 Ventures

Texas Business reports:  AUSTIN—Kimbia Inc. raised more than $4 million in a Series 2 round of funding led by S3 Ventures to expand industry adoption of its Web-based fundraising and event management software.

 Full Story »
TexasBusiness.com

SES Advisors Inc. Opens Texas Office

Texas Business reports: SES Advisors Inc., a Philadelphia-based ESOP advisory, transaction and administration firm,  opened a new office in Fort Worth.


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TexasBusiness.com

M.R. Beal Expands in Texas with Opening of Houston and San Antonio Offices

Texas Business reports:   M.R. Beal & Company, an investment banking firm specializing in municipal finance, corporate finance, and equity execution, announced a major expansion in Texas with the opening of offices in Houston and San Antonio to complement the firm’s presence in Dallas.


 Full Story »
TexasBusiness.com

Wunderlich Opens Dallas Branch   | dal_ftw_txbz, Wunderlich, Wunderlich Securities, Murray Roark, Murray (Pap) Roark, Gary Wunderlich,
Wunderlich Opens Dallas Branch

Texas Business reports:  Tennessee’s Wunderlich Securities opened a  branch in Dallas and named Murray (Pap) Roark as managing director – Texas.


 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report
Weekly Credit Card Rate Report

Texas Business reports:  AUSTIN--Interest rates on new credit card offers stayed at record highs this week, according to the CreditCards.com Weekly Credit Card Rate Report.


 Full Story »
TexasBusiness.com

Stockholders Advised to Take No Action Pending Review by Temple-Inland's Board of Directors | aust_txbz, international Paper, IP, Temple-Inland,
Stockholders Advised to Take No Action Pending Review by Temple-Inland's Board of Directors

Texas Business reports:  AUSTIN—Temple-Inland Inc. acknowledged that International Paper Company IP announced that it will commence an unsolicited offer to acquire all of the outstanding shares of common stock of Temple-Inland for a price of $30.60 per Temple-Inland share in cash.


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Pioneer Drilling Completes Amended and Restated $250 Million Credit Facility | sanant_txbz, Pioneer Drilling, energy, oil, gas,
Pioneer Drilling Completes Amended and Restated $250 Million Credit Facility

 Texas Business reports:  SAN ANTONIO—Pioneer Drilling Company Inc entered into an amendment and restatement of its existing credit agreement.  The amended and restated credit agreement provides the company with a $250 million, five-year, senior secured revolving credit facility.


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California Firm Buys Controlling Interest In Houston's WinTec | hou_txbz, WinTec, Medina, harborboat,
California Firm Buys Controlling Interest In Houston's WinTec

Texas Business reports:  A California firm bought 51 percent of a Houston company and made it a subsidiary. Medina International Holdings Inc. of Corona, California, entered into a with WinTec Protective Systems Inc. of Houston, in which Medina will issue three million shares of its restricted common stock in exchange for 20,400,000 shares of the common stock of WinTec.

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SIPC to Announce Stanford Liquidation Decision in Mid-September

Texas Business reports:  The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, said that it expects to announce on or about September 15, 2011 its decision about the referral provided by the U.S. Securities and Exchange Commission (SEC) with respect to the Stanford Group Company, operated by former Waco businessman  Robert Allen Stanford.


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Global Technologies Signs LOI to Acquire and Merge with Oxygen Orchard  | hou_txbz, GTLL, Teri H. Mathis,
Global Technologies Signs LOI to Acquire and Merge with Oxygen Orchard

Texas Business reports:  ORCHARD—Global Technologies Ltd.  reached an agreement to acquire and merge with Oxygen Orchard  Inc.


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Foundation Financial Group Opens Branch In Texas | dal_ftw_txbz, Bedford, Foundation Financial Group, Mark W. Boyer, Rochester, New York, Atlanta, Georgia, Charlotte, North Carolina, Jacksonville, Florida Raleigh, Ncrth Carolina, Savannah, Georgia,
Foundation Financial Group Opens Branch In Texas

Texas Business reports: BEDFORD—Foundation Financial Group, a financial services companies in the U.S., will open its seventh U.S. sales center at 1903 Central Drive in Bedford, Texas, between Fort Worth and Dallas.


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Imperial Resources Obtains Loan Funding for Key Salt Water Disposal Facility Development | Barnette Shale, gas well, salt water, salt water disposal, waste water, fracture, freehold land well, Ellenberger, Ellenberger formation, Imperial, Tom Barr, Green Tide, Imperial Resources, Imperial Oil & Gas, Salt Water Disposal Facility, Gas, Oil & Energy, Utilities, OTC, SmallCap, Financing Agreements,
Imperial Resources Obtains Loan Funding for Key Salt Water Disposal Facility Development
 Texas Business reports:  AUSTIN—Imperial Resources Inc. and its wholly owned subsidiary, Imperial Oil & Gas Inc.  entered into an agreement for the development funding of its Salt Water Disposal Facility located in the heart of the Barnett Shale in Texas. Full Story »
TexasBusiness.com

GreenHunter Energy Raises $3 Million In Equity | equity, GreenHunter Energy, Gary C. Evans, West Coast Opportunity Fund,
GreenHunter Energy Raises $3 Million In Equity

Texas Business reports:  GRAPEVINE—Greenhunter Energy Inc., a diversified renewable energy company focused on water resource management, biomass power generation, wind and solar energy projects, closed a non-brokered private placement of 522,500 units of GreenHunter Energy Inc. at a price of $2.00 per unit, for aggregate gross proceeds of $1,045,000. 

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Laredo Petroleum and Broad Oak Energy to Merge In $1 Billion Deal | Laredo Petroleum, Tulsa, Oklahoma, BofA Merrill Lynch, Wells fargo, Warburg Pincus, David Braddock, Randy Foutch, John Coss, Robert Skinner, Jim Sherrill, oil, gas, natural gas, energy, exploration, Okie, Texas Business, TexasBusiness,
Laredo Petroleum and Broad Oak Energy to Merge In $1 Billion Deal

 Texas Business reports:  Oklahoma’s Laredo Petroleum, LLC ("Laredo") and Dallas-based Broad Oak Energy  Inc. entered into definitive agreements whereby Broad Oak will become a wholly-owned subsidiary of Laredo in exchange for aggregate consideration of approximately $1 billion.


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Sidewinder Drilling Inc. Secures Equity Commitment of up to $125 Million From Avista Capital Partners | Sidewinder Drilling, Texas Business, TexasBusiness, Avista Capital, Jon C. Cole, Steven A. Webster, Scorpion Offshore, London, oil and gas, energy,
Sidewinder Drilling Inc. Secures Equity Commitment of up to $125 Million From Avista Capital Partners
Texas Business reports:  HOUSTON—Sidewinder Drilling Inc., a Houston-based land drilling company, entered into an agreement with Avista Capital Partners, a private equity firm, to provide an equity commitment of up to $125 million.  Full Story »
TexasBusiness.com

“Alpha One” Foreign Currency Trader Convicted of Securities Fraud  | hou_txbz, Robert David Watson, Spring, Alpha One, foreign currency, securities fraud, Jose Angel Moreno, Gray H. Miller, SEC, securities and exchange commission, Fort Worth, FBI, IRS, CFTC, Commodities Futures Trading Commission, Stephen L. Corso,
“Alpha One” Foreign Currency Trader Convicted of Securities Fraud
 Texas Business reports:  Houston—Robert David Watson, 50, of Spring, Texas, the “developer and owner” of “Alpha One”, a purportedly profitable foreign currency investment model, has been convicted of securities fraud after defrauding investors of millions of dollars, United States Attorney José Angel Moreno announced today. Full Story »
TexasBusiness.com

Nation’s Largest Deathcare Business Buys 70% Interest Nation’s Largest Direct Cremation Business | SCI, Service Corporation International, deathcare, deathcare products, deathcare services, Neptune Society, cremation, preneed, Neptune Cremation Service, Trident Society, Thomas L. Ryan, Marco Markin,

Lion column from a Neptune memorial reef
Nation’s Largest Deathcare Business Buys 70% Interest Nation’s Largest Direct Cremation Business

Texas Business reports:  Houston—Service Corporation International, the largest provider of deathcare products and services in North America bought 70 percent of the outstanding shares of The Neptune Society Inc.


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Joint Venture Secures Financing for Renewable Diesel Facility | Darling International, renewable diesel, energy, Diamond Green Diesel, Diamond Green, Norco, Louisiana, Irving, Texas, Valero, San Antonio, animal fats, used cooking oil, cooking oil, grease, feed-grade fats, tallow, bone meal, poultry meal, fuel ingredient, pet food, oleo-chemnical, bio-diesel, grease trap, megawatt, Ultramar, Diamond Shamrock,
Joint Venture Secures Financing for Renewable Diesel Facility
Texas Business reports:  Irving—Darling International Inc. announced that Diamond Green Diesel LLC, its previously announced joint venture project with Valero Energy Corporation, has secured financing for the planned construction of its renewable diesel facility in Norco, Louisiana. Full Story »
TexasBusiness.com

Woodway Man Who Stole From Investment Clients Sentenced To 25 Years | wac_txbz, Limestone County, Groesbeck, Reginald Lee Clark, Clark Investment Advisors, Groesbeck High School Band Boosters Club, State Securities Board, Bennette L. Zivley, Dale Barron, Alexis Goldate,
Woodway Man Who Stole From Investment Clients Sentenced To 25 Years

Texas Business reports:  Groesbeck--A Limestone County jury sentenced Reginald Lee Clark to 25 years in state prison after convicting him of stealing more than $400,000 from clients of his investment advisory business. The 12-member jury convicted Clark on a charge of theft on May 25, according to a statement by the Texas State Securities Board.


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Justice Department Settles With Texas-based Saxon  Mortgage and Bank of American For Illegally Foreclosures On Military Servicemembers | DOJ, Saxon Mortgage, Justice Department, Texas, Texas lender, Servicemembers Civil Relief Act, SCRA, BOA, Bank of America, Countrywide,
Justice Department Settles With Texas-based Saxon Mortgage and Bank of American For Illegally Foreclosures On Military Servicemembers

Texas Business reports: The Justice Department today announced settlements with two lenders, including a Texas-based lender, under the Servicemembers Civil Relief Act (SCRA) to resolve allegations that the lenders wrongfully foreclosed upon active duty servicemembers without first obtaining court orders, in violation of the SCRA.


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Rules-Based Medicine Acquires Intellectual Property Assets of Satoris Inc. | rules-based medicine, biomarker panels, frontal temporal dementia, parkinson's disease, Craig Benson, Alzheimer's, Satoris, Myriad Genetics, Myriad RBM,
Rules-Based Medicine Acquires Intellectual Property Assets of Satoris Inc.

Texas Business reports: Austin—Rules-Based Medicine (RBM), a provider of biomarker testing services, bought the intellectual property assets from Satoris Inc. RBM itself has signed an agreement to be bought by a Utah firm.   


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