TITLE

Overbranched? No Stopping Texas Stampede

AUTHOR(S)
Thompson, Laura K.
PUB. DATE
March 2004
SOURCE
American Banker;3/11/2004, Vol. 169 Issue 48, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The U.S. Federal Deposit Insurance Corp. (FDIC), concerned about the pace of branch building in Texas, is warning banks with expansion plans there that it could take longer than they expect for new branches to become profitable. More bank and thrift branches popped up in Texas than in any other state last year, and a number of companies, including Wachovia Corp., Bank of America Corp., and Regions Financial Corp., plan to build hundreds more in the next few years. In its spring 2004 Regional Outlook report, the FDIC stopped short of advising banks to curtail their expansion in Texas.
ACCESSION #
12479125

 

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