The Texas league has joined with other groups in financing a radio campaign touting a tax proposal. The TCUL contributed $25,000 to the campaign financed by Texans for Taxpayer Relief, which touts a proposal passed by the state House that swaps the current franchise tax in favor of a new business "Gross Margins" tax. The new tax spares credit unions a state tax. The group has raised about $220,000 so far to finance the radio ads, and also includes Texas Motor Transportation Association, Maxxam Corp., Texas Apartment Association, Texas Beer Alliance, Texas Association of Builders, and the Texas Restaurant Association ($10,000). The group aims to raise as much as $6 million to support its campaign.
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A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
6m ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
7h ago -
The new Fed is going to do less talking, if Kevin Warsh has his way. But talking is a powerful tool the Fed can use to get what it wants.
8h ago -
Market watchers say it is plausible that regulators will have established rules of the road for tokenized bank deposits by next year. But to get there, many outstanding issues will need to be ironed out first.
8h ago -
Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
July 6 -
Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
July 6









