State and federal regulators closed two Texas...
State and federal regulators closed two Texas banks and deposits from both of the failed institutions were assumed by other organizations, officials said. Central National Bank of Dallas was closed by federal regulators, and the Texas banking commissioner ordered Home State Bank, Trent, Tex., closed, said Bill Olcheski of the Federal Deposit Insurance Corp. in Washington. Poor lending practices were cited in the demise of both banks.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
