North Houston Bank Shuts Down

Who We Are We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials. Pune Office 537/1, 2nd floor, above patil hospital , near Abhishek Hotel, Jondhale Chowk, Laxmi Road, Sadashiv Peth, Pune, Maharashtra 411030 Mumbai Office SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047

North Houston Bank Shuts Down

North Houston Bank Shuts Down
0 6,530 views

The financial crisis hit and a Houston-based bank failed. It was shut down on Friday by the government as part of the nine banks closed by bank regulators. Shutting down North Houston Bank means that the recession is still covering the economy.

Facebook
Tweet
Google Share
LinkedIn
Pinterest
Email

For those who think that bank closures are now a thing from the past, think again.North Houston Bank was shut down by bank regulators on Friday and it became one of nine banks closed down recently. Although, there’s really nothing to change besides the name of the bank outside the building located at West Little York very near TC Jester as far as the customers are concerned.
As the weak economy produces a long string of defaults, FDIC (Federal Deposit Insurance Corporation) says that the Minneapolis U.S. Bank has taken over most of the deposits and assets. Customers will still have regular access to funds because it’s similar to a merger.
Since the beginning of the financial crisis, this latest closures has the most banks in one day. FDIC pointed out that it’s usually banking institutions that take longest to recover in a recession. According to FDIC’s Martin Payne, he said “From the perspective of the customer, there should not be any concern since they have FDIC insurance. The FDIC makes sure that no customer will lose money due to the closure. However, it’s going to take a little time before we go forward as there may be some more failures.”
For the other nine banks, three of them are outside of Texas – this includes North Houston Bank. There are also two Texas banks – Citizens National Bank and Madisonville State Bank. The others are from Illinois, Arizona, and California.

<< Conservation Program in Some 3.4 Million Acres of Farm Land Expires Ten States Staring at Looming Budget Crisis >>

(All the above fields are required.)

North Houston Bank Shuts Down

Advertising ideas Promotional Idea Marketing Ideas Marketing Ideas 1 Events Ideas All Pages All Marketing Services list

Marketing Management and Strategic Planning  Guide to Online Marketing Sales Management & Planning Advertising and Promotion Mass Communication Media and Culture