The Finch Formerly Known As Gold

23 January 2004

A little less Local

The parent company of Local Oklahoma Bank, a former S&L which ranks as the state's seventh-biggest bank, will be acquired by Texas-based International Bancshares Corp. for $385 million. This is IBC's first acquisition outside Texas; the bank, headquartered in Laredo, seeks to build a presence along the I-35 corridor. (Is Wichita next?)

The deal should close by summer; the signs will presumably be changed shortly thereafter.

Posted at 7:35 AM to Soonerland

When they start getting close to Minnesota, let me know.

Posted by: Erica at 1:06 PM on 23 January 2004

They've got a long way to go yet: Kansas City, then Des Moines.

Posted by: CGHill at 1:29 PM on 23 January 2004

It's Texas imperialism, I tell ya! They won't rest 'til that dagnab Lone Star Flag is flyin' over the entire world and half the rest of the solar system.

Think it's a coincidence so much of NASA's operations are in Texas?

Posted by: McGehee at 3:15 PM on 23 January 2004