Texas' troubled Industry Bancshares works to recapitalize, fights OCC

Industry Bancshares Inc. — the parent company of six troubled small-town banks in the triangle between Houston, San Antonio and Dallas — recently updated investors on its plan to raise new capital.

Taylor: Banks and bonds and what’s troubling a Texas financial institution The situation resulted from rapid interest rate increases in 2022 plus the banks’ large holdings of U.S. government bonds, which lost their market value as rates rose. It went largely unnoticed, though, because bank regulators allow banks to calculate and report their capital base as if such bonds had not lost market value, a convenient and allowable accounting fiction.

Taylor: Here’s how Industry Bancshares can dig itself out of a Silicon Valley Bank-like hole Industry Bancshares’ depositors, by contrast, are apparently the opposite.

3 subsidiary banks of Texas-based Industry Bancshares fighting allegations leveled by regulator The OCC’s December order cited “negative total equity capital as of September 30,” said “capital levels do not fully support the Bank’s high-risk profile” and its belief that “capital and retained earnings are expected to decline from substantial projected losses for year-end 2023” as reasons to enter a formal agreement of mandatory changes in bank risk practices.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Lawmakers, industry experts hope seafood task force will boost struggling industryThe Alaska seafood industry is the cornerstone of Alaska’s economy, contributing $5.7 billion in 2019, but the industry is now on a tailspin on many different fronts. State lawmakers hope new legislation passed during the most recent session will help curb that.
แหล่ง: AKNewsNow - 🏆 460. / 53 อ่านเพิ่มเติม »

Texas' two senators near top of the list for taking money from fossil fuel industryIn Texas, the oil and gas industry has long wielded an outsized political influence. Now, a new analysis of campaign finance records shines fresh light on just how significant that influence is.
แหล่ง: SAcurrent - 🏆 607. / 51 อ่านเพิ่มเติม »

Strict rules over delta-8 and delta-9 likely for Texas’ booming hemp industryLawmakers are struggling to balance demands for medicinal cannabis products with a wildly growing market that is outpacing meaningful regulation.
แหล่ง: TexasTribune - 🏆 441. / 53 อ่านเพิ่มเติม »

Strict rules over delta-8 and delta-9 likely for Texas’ booming hemp industryLawmakers are struggling to balance demands for medicinal cannabis products with a wildly growing market that is outpacing meaningful regulation.
แหล่ง: KPRC2 - 🏆 80. / 68 อ่านเพิ่มเติม »

Strict rules over delta-8 and delta-9 likely for Texas’ booming hemp industryLawmakers are struggling to balance demands for medicinal cannabis products with a wildly growing market that is outpacing meaningful regulation.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »

Texas lizard added to endangered species list over the oil and gas industry’s objectionsThe dunes sagebrush lizard lives in the same West Texas land that supports the state’s biggest oil and gas fields, and industry leaders say the new designation will hurt drilling and production.
แหล่ง: KPRC2 - 🏆 80. / 68 อ่านเพิ่มเติม »