Guaranty Group Faces Federal Takeover as Solvency Fails
Guaranty Financial Group Inc, Texas' second largest public financial institution, could become the next major banking group under government ownership after reporting 1.4 billion dollars in mortgage backed securities write downs and a negative 5.52 percent risk based capital ratio. The firm warned it may not continue as a going concern without federal intervention and has given the FDIC authority to act as receiver and conservator. Regulators noted customer deposits remain insured up to 250,000 dollars, easing concern for account holders as Guaranty Bank operates branches in Baytown League City and Friendswood. The Galveston County Daily News contributed to this report.
MENTIONED IN THIS ARTICLE
Guaranty Financial Group Inc
Texas
Securities and Exchange Commission
SEC
Guaranty Financial
Guaranty Bank
Stephen Raffaele
Guaranty
Baytown
League City
Friendswood
Federal Deposit Insurance Corporation
FDIC
UTMB Galveston County bickering over indigent care
A Galveston County dispute centers on a contract with UTMB to provide health care for indigent residents. County officials say UTMB canceled the agreement, while UTMB’s Ben Raimer says the county failed to renew after a November extension, due to Hurricane Ike. About 300 residents face delayed advanced treatments as the county seeks outside doctors.
MENTIONED IN THIS ARTICLE
Galveston
University of Texas Medical Branch
Galveston County
Ben Raimer
Medical
Murder suicide suspected in Sugar Land deaths
Investigators suspect murder suicide in the shooting deaths of a mother Kiljuana Clark 25 and her 18 month old daughter Halley found by the husband in an upstairs Sugar Land home. Kiljuana Clark was found with Halley on her lap in an empty bathtub with a single gunshot each.
MENTIONED IN THIS ARTICLE
Sugar Land
Fort Bend County
Craig Brady
Kiljuana Clark
Halley
Bay Area Briefs Findings After Shooting Incident
Fort Bend County sheriff's deputies reported a shot wound to the upper torso and found a .45-caliber pistol in the bathtub. The investigation continues as authorities assess the sequence of events and possible suspects.
MENTIONED IN THIS ARTICLE
Fort Bend County
Ex-clerk suspects theft by public servant in Houston sting
Houston police charged 43 year old Anthony R Foster a former clerk with theft by a public servant after an undercover sting. He was removed from duty and faces penitentiary time over taking more than 500 dollars in a scheme. In Friendswood Amber Edmonson a former store clerk received an eight year sentence after pleading guilty to a $5000 money order scheme with five others.
MENTIONED IN THIS ARTICLE
Houston
Anthony R. Foster
Houston Police Department
Victor Senties
Foster
Friendswood
Amber Catrice Edmonson
Friendswood Valero
Galveston County
Jennifer Ott
Charges filed in fatal Houston nightclub shooting
In Houston, 26 year old Khahn Phan faces murder charges in the 263rd State District Court for the fatal shooting of 22 year old Simon Troung outside a nightclub after an after hours birthday party on Bellaire Boulevard. Troung died at the scene after a gunshot wound.
MENTIONED IN THIS ARTICLE
Houston
Khahn Phan
Simon Troung
Troung
On Bellaire Blvd
Phan
Jury convicts woman of assault in Lake Jackson incident
In Brazoria County a jury found Wendy Arredondo guilty of misdemeanor assault for kicking and slamming a truck door on 44 year old Michael Jones. She was sentenced to two years probation after facing up to one year in jail and a $4000 fine. Jones died from injuries days later. co defendant Michael Macias had prior manslaughter conviction and eight year sentence.
MENTIONED IN THIS ARTICLE
Angleton
Lake Jackson
Brazoria
Wendy Arredondo
Arredondo
Michael Macias
Jones
Macias
Also Mentioned on This Page
Guaranty Group
David Barr
The
Galveston County Daily News
Tye
Computer Games & More
Barbers Hill
ISD
Jellya
Eagle Drive
ExxonMobil
United States
Exxonmobil.com
UTMB
Bay Area
HPD
Wyndham
Rollingbrook
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