News Column


January 1, 2014


75 years ago this month: From the Texas Bankers Record, January 1939 They're still coming! There is a new year before us. As usual, Texans stand upon its threshold with head high, heart light and an optimistic expectancy that will not down. There has been trouble aplenty in the seasons immediately past. The prospect for agriculture is depressing, and Texas is primarily an agricultural state. Still, Texas citizens, particularly the leaders, see bright things ahead in this state. There is a chance for great work here for our bankers. In general terms, Texas is undeveloped-meaning our natural resources have barely been tapped, our natural advantages have not been exploited, our inherent wealth has hardly been touched. Our people are of the pioneer stock who overcome obstacles and never quit trying. They are enthusiastic over the prospect in this great state during the next few years. They realize many people from other parts will be attracted here by opportunity. They are confident of the future. Come to Texas ! "It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can." - Former Federal Beserre Chairman Alan Greenspan on Blaomtwn/. "We believe that Texas has a number of attractive acquisition opportunities and as a Texas state-chartered bank, we would be able to negotiate those Texas acquisitions more effectively." - Sam Doris , president ami CFO of American Momentum Bank , u'hirh has filed /dans with ret/uhdors to mine its heaih/uarters from Tanpa. Fla . to ( 'tdlcye Station. "If there ever was a rule where the devil was in the details, it is the Volcker Rule. It's going to require an enormous amount of effort by the banks over the coming months to figure out exactly what this does mean for them. - Grey Lyons , partner at Deberooise

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Source: Texas Banking

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