In fact, small Texas banks could be bought entirely with borrowed money.

The equity growth fund of this Texas bank has $180 million in assets.

Since then it has acquired many other Texas banks.

They noted that the collapse of many Texas banks did not take place until more than two years after their real estate problems emerged.

The contribution of the Texas bank may be as a corporate cash-management system.

Before that, it covered all loan losses, including on the sales of the other major Texas banks in trouble.

He raised enough for a 25% stake and partnered with a Texas bank to provide the rest.

Officer and director in five Texas banks, and two manufacturing companies.

The deal is the third merger agreement involving major Texas banks in the last six months.

"They seemed to deny their problems for a while," he said, even after other Texas banks had acknowledged them.