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Great Texas Banking Crash : An Insider's Account by Joseph M. Grant (1996, Hardcover)

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About this product

Product Identifiers

PublisherUniversity of Texas Press

ISBN-100292727917

ISBN-139780292727915

eBay Product ID (ePID)934464

Product Key Features

Book TitleGreat Texas Banking Crash : an Insider's Account

Number of Pages328 Pages

LanguageEnglish

TopicBanks & Banking, United States / State & Local / Southwest (Az, NM, Ok, Tx)

Publication Year1996

IllustratorYes

GenreBusiness & Economics, History

AuthorJoseph M. Grant

FormatHardcover

Dimensions

Item Height1.9 in

Item Weight26.9 Oz

Item Length9.5 in

Item Width6.3 in

Additional Product Features

LCCN96-010331

TitleLeadingThe

Dewey Edition20

Dewey Decimal332.1/6

SynopsisDuring the decade from 1982 to 1992, Texas banks failed at a rate unprecedented in United States history. In all, 506 Texas commercial banks failed, including seven of the ten largest banks in Texas. In this fascinating insider's account, Joseph M. Jody Grant, former chairman and chief executive officer of Texas American Bancshares, Inc. of Fort Worth (the seventh largest), tells the story of the collapse of Texas' major banks. He vividly re-creates the three-year struggle to save his own organization, Texas American Bancshares. A crucial player in Grant's story is the Federal Deposit Insurance Corporation. Encouraged by the FDIC to pursue a daring merger with San Antonio's National Bancshares of Texas, Grant and his fellow bankers endured months of agonizing negotiations which culminated in a decision by the FDIC that had devastating and costly consequences. This sobering account makes a compelling case against the FDIC's handling of Texas' financial crisis. Grant's book will be thought-provoking reading for everyone in the financial community, as well as for students of Texas history and of business and government relations.

LC Classification NumberHG2613.F73G73 1996