Advertisement

Lomas Bank USA, a subsidiary of Lomas...

Share

Lomas Bank USA, a subsidiary of Lomas Bankers Corp., said it agreed to purchase 35,000 credit card accounts of Bright Banc of Dallas. The announcement said the accounts have $22.5 million in outstanding balances. Officials of both institutions declined to give details of the transaction. “Bright Banc’s portfolio possesses an attractive overall customer profile which complements our existing credit card business,” said John C. Tolleson, chairman of Lomas Bankers Corp., a subsidiary of Lomas & Nettleton Financial Corp. Lomas Bank USA, a Delaware-chartered bank with assets of $1.3 billion, currently services about 1.1 million credit card customers, the announcement said.

Advertisement