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Fed Up: A Texas Bank Is Calling It Quits.

Authors :
Sidel, Robin
Source :
Wall Street Journal - Eastern Edition. 8/10/2011, Vol. 238 Issue 34, pC1-C2. 2p. 1 Color Photograph.
Publication Year :
2011

Abstract

The article reports that Main Street Bank in Kingwood, Texas plans to give up its bank charter and go out of business. Chairman Thomas Depping said dealing with banking regulators has become too difficult. Depping plans to start a new lending company called Ascentium Capital that will not be subject to regulator oversight.

Subjects

Subjects :
*CHARTERS

Details

Language :
English
ISSN :
00999660
Volume :
238
Issue :
34
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
64005074