Texas Trade Group Fires the First Shot in Battle to Stymie New Branching Law

By O'Hara, Terrence | American Banker, October 3, 1994 | Go to article overview

Texas Trade Group Fires the First Shot in Battle to Stymie New Branching Law


O'Hara, Terrence, American Banker


V3

AUSTIN - Community bankers in Texas have kicked off a campaign to scuttle interstate branching - and the movement could soon spread to other states.

The Independent Bankers Association of Texas resolved last week that the state should opt out of the new federal interstate law. That law, signed by President Clinton last week, gives each state such an option.

The campaign will pit Texas' community banks against such behemoths as BankAmerica Corp., Norwest Corp. and NationsBank Corp., each of which has banks in Texas. Charlotte, N.C.-based NationsBank has already launched a Texas advertising blitz in support of interstate branching.

Texas, whose legislature is likely to take up an opt-out proposal early next year, is the first big banking state to tackle the issue.

Many other states will be watching "to see which way the wind is blowing," said Christopher Williston, chief executive of the Texas group.

The leadership of the Independent Bankers Association of America flew into Texas last week to advise the state group, which was holding its annual convention in Austin. The IBAA officials warned that an opt-out campaign would require substantial resources.

"Everybody realized it was going to be a fight," said Cleve Breedlove, incoming chairman of the Texas group. "When you make a commitment to this you're going up against some big forces."

Big banking companies with operations in a number of states have pushed hard for interstate branching, which would allow subsidiary banks to be run as branches. But smaller banks have fretted that interstate organizations would siphon deposits out of communities.

With the new campaign, the Independent Bankers Association of Texas could clash with the Texas Bankers Association. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Texas Trade Group Fires the First Shot in Battle to Stymie New Branching Law
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.