Hance asked to help shake up management of big Houston bank - KCBD NewsChannel 11 Lubbock

Hance asked to help shake up management of big Houston bank

James Clark - email

LUBBOCK, TX (KCBD) - A privately owned investment firm wants some help from Texas Tech Chancellor Kent Hance to shake up the management at a Houston bank.  The investment firm, TAC Capital, in Bryan Texas says Sterling Bank has lost nearly 9% of its value and is failing to recover from recession while other banks are recovering. 

TAC Capital sent a letter to Sterling Bank stockholders last week asking support to elect five men to the Sterling board of directors including Hance.  TAC owns 10% of Sterling Bancshares.  Sterling has $5 Billion in assets and declared a modest 3rd quarter profit along with a small dividend on October 28th. 

Copyright 2010 KCBD.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • To many Americans, Memorial Day has lost its meaning

    To many Americans, Memorial Day has lost its meaning

    Sunday, May 28 2017 2:28 PM EDT2017-05-28 18:28:39 GMT
    Sunday, May 28 2017 2:28 PM EDT2017-05-28 18:28:39 GMT

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

  • Trump eyes White House overhaul, outside lawyers and PR team

    Trump eyes White House overhaul, outside lawyers and PR team

    Sunday, May 28 2017 2:28 PM EDT2017-05-28 18:28:06 GMT
    Sunday, May 28 2017 2:28 PM EDT2017-05-28 18:28:06 GMT

    Trump faces a slew of political and policy challenges at home and intensifying inquiries into allegations his campaign had contacts with Russian officials before he entered the White House.

    Trump faces a slew of political and policy challenges at home and intensifying inquiries into allegations his campaign had contacts with Russian officials before he entered the White House.

  • Trump makes G-7 deal on trade, takes rain check on climate

    Trump makes G-7 deal on trade, takes rain check on climate

    Sunday, May 28 2017 2:26 PM EDT2017-05-28 18:26:00 GMT
    Sunday, May 28 2017 2:26 PM EDT2017-05-28 18:26:00 GMT

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

Powered by Frankly