Robert Gandy 4th, a third-generation Texas banker who has worked in the industry since childhood, said he "always wanted to build something on my own, start something from the bottom up."

But for his first venture, Gandy, 28, did not quite start from scratch. Rather, he made a deal to buy a small savings bank in La Grange, which he plans to expand into the Houston, San Antonio and Austin metropolitan areas and possibly Dallas. Among other reasons, Gandy cited the difficulty of obtaining approval for a new charter right now.

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