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Texas Regional Bank Names President of North Texas Region, Commercial Banks

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Texas Regional Bank Names President of North Texas Region, Commercial Banks


Banking veteran Mandy Austin has been hired by Harlingen-based Texas Regional Bank as president of North Texas Region and Commercial Banking, a role in which she will be responsible for TRB’s mission to provide exceptional financial services to the community while fostering solid relationships with clients and stakeholders.

“I’m thrilled to join the entrepreneurial executive team at Texas Regional Bank and for the opportunity to build their commercial banking platform, which will complement the exceptional community banking franchise that TRB has built over the last decade,” Austin said in a statement. “The sophisticated platform, community-focused culture, and innovative mindset that TRB brings to each of its markets align perfectly with the entrepreneurial needs of our fast-growing region.”

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Austin has 18 years of experience in the financial services industry and served as the Dallas Market President & CEO for Bank of Texas, a subsidiary of BOK Financial, before joining TRB.

During her tenure at Bank of Texas, Austin led the Dallas market’s operational and business development efforts, and she oversaw the corporate banking group, which served large middle-market companies in the commercial and industrial sectors.

Austin also led the development of the subscription line lending and supply chain finance lending specialties during her tenure at Bank of Texas. Austin was involved in the bank’s expansion into the North Dallas geographic market.

From the Texas-Mexico border to expanding in North Texas

“Texas Regional Bank has a very compelling story for business owners and operators and high net worth individuals in the DFW region, particularly for those with international investments,” Michael Scaief, chairman and CEO of TRB, said in a statement. “Given our proximity to the Texas-Mexico border, we are excellent at international private wealth management and international trade. As the near-shoring trend accelerates, our team is exceptionally well positioned to help our clients facilitate transactions and trade in the US/MX corridor.”

TRB has five branch locations across in North Texas in Dallas, Southlake, Denton, Krum, and Fort Worth, with a sixth location under renovation at Lovers Lane and the Dallas North Tollway.

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The bank also operates two loan production offices in Forney and Fort Worth and said it has plans for full branch expansions in each location. TRB said its executive team has continued to expand in North Texas by hiring its Senior EVP and Chief Legal Officer, Jacque Kruppa, who lives in the Park Cities.

“We’re a bit contrarian in our branch strategy,” Scaief said. “While others are eliminating branches, we’re adding new locations. Our clients need to get to know us; to do that, we need to be accessible in the communities we serve. We want to live our motto of being ‘the people you know.”

“Texas Regional Bank was founded on the principle of serving the community. This executive team understands that serving the whole community is not just good press; it’s smart business, and that mentality aligns perfectly with my core values,” Austin said.

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R E A D   N E X T

  • The newly established Texas Capital Foundation is following the first round of grant awards by opening again for new submissions this November.

  • Tarleton State University received the go-ahead for a new biotechnology institute as part of Texas A&M-Fort Worth’s burgeoning downtown research campus. Approved in mid-August by the Texas A&M University System Board of Regents, the biotech institute is situated in one of the nation’s fastest-growing life sciences hubs. “More than 5,000 biotechnology manufacturing and research and development firms — think Novartis, Alcon, AstraZeneca — call Texas home,” according to the university. And DFW now ranks seventh in the U.S. for life science and biotech jobs.  The Tarleton State Biotechnology Institute will focus on discovery and innovation in bioinformatics and computational modeling.…

  • A 100th birthday is a big deal—especially when every Texan can join the party. So to celebrate its 2023 centennial, Texas Parks & Wildlife is hosting a photo contest almost all year long. And some of the best images may be waiting for us at the end of the year right here in North Texas, when Palo Pinto Mountains State Park opens 80 miles west of Fort Worth.

  • UNT and Dallas-based communications tech company COMSovereign are partnering to develop and launch a new 5G edge-centric infrastructure test platform, funded in part by a grant from the North Central Texas Council of Governments. With the new program, UNT’s Dr. Kamesh Namuduri says his team will “be able to expand our focus on wireless connectivity and research into Advanced Air Mobility technologies including UAVs, where UNT is already actively engaged with an expanding network of industry and government partners.”

  • Four organizations working to help build a skilled, diverse, and growing workforce in North Texas are recipients of the new Texas Talent Connection Grants. See who they are—and how they’re making a difference.

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Texas sues Netflix, alleges platform spied on kids and collected data

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Texas sues Netflix, alleges platform spied on kids and collected data


The state of Texas announced a lawsuit against streaming giant Netflix on Monday, accusing the company of spying on children and other consumers by collecting their data without consent and designing the platform to be addictive.

Texas claims that Netflix has falsely represented to consumers that it didn’t collect or share user data while it actually tracked and sold viewers’ habits and preferences to commercial data brokers and advertising technology companies.

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The lawsuit, filed by Texas Attorney General Ken Paxton, claims that “Netflix’s endgame is simple and lucrative: get children and families glued to the screen, harvest their data while they are stuck there, and then monetize the data for a handsome profit.”

The state of Texas announced a lawsuit against streaming giant Netflix on Monday. (Nikos Pekiaridis/NurPhoto via Getty Images)

“When you watch Netflix, Netflix watched you,” Texas added in the lawsuit.

NETFLIX CO-FOUNDER REED HASTINGS TO STEP DOWN, DEPARTURE IS ‘SPOOKING INVESTORS’

Ticker Security Last Change Change %
NFLX NETFLIX INC. 85.39 -2.10 -2.40%

The complaint quotes comments made by former CEO Reed Hastings who said in 2020, while he was still leading the streaming company, that “we don’t collect anything,” amid questions over Big Tech companies’ data collection practices.

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Netflix was also accused of quietly using “dark patterns” to keep users watching on its platform, such as an autoplay feature that starts a new show after a different show ends.

NETFLIX RAISES SUBSCRIPTION PRICES ACROSS ALL PLANS

Texas Attorney General Ken Paxton filed the lawsuit. (Cheney Orr/Reuters)

Paxton said in a press release that Netflix “has built a surveillance program designed to illegally collect and profit from Texans’ personal data without their consent, and my office will do everything in our power to stop it.”

The attorney general said he’s charging Netflix under the state’s Deceptive Trade Practices Act and seeks to require Netflix to stop the unlawful collection and disclosure of user data, require Netflix to disable autoplay by default on kid’s profiles, and to secure injunctive relief and civil penalties.

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FOX Business reached out to Netflix for comment.

Reuters contributed to this report.



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6 people found dead inside a boxcar in Texas, officials say | CNN

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6 people found dead inside a boxcar in Texas, officials say | CNN


Six people were found dead inside a cargo train boxcar in a Texas city along the southern border on Sunday, officials said.

The bodies were found in a Union Pacific train at a rail yard in Laredo, around 160 miles south of San Antonio, just after 3:30 p.m. local time, said Jose Espinoza, a public information officer with the Laredo Police Department.

The circumstances of their deaths are unknown, said Laredo police spokesperson Joe Baeza, according to CNN affiliate KGNS, and an investigation is underway.

Union Pacific operates across the border and is the only railroad that services all access points into Mexico, according to the freight company’s website.

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Temperatures on Sunday afternoon in Laredo were in the low-mid 90s, though it’s unclear whether heat was a factor.

Union Pacific said it was saddened by the incident and is working closely with law enforcement to investigate.

Laredo police said they received a call around 3 p.m. from an employee at the Union Pacific rail yard, KGNS reported. The bodies were discovered during a routine rail car inspection, police said. No survivors were found.

CNN has reached out to Laredo police for more information.

“It’s a very early phase of the investigation. There’s not a lot to reveal right now,” Baeza said, KGNS reported.

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The immigration status and ages of the deceased are not yet known, Espinoza said.

US Customs and Border Protection referred CNN to the Laredo Police Department, saying “The incident remains under investigation by Laredo Police Department and Homeland Security Investigation and Texas Rangers.”

CNN has reached out to the Department of Homeland Security, HSI and the Texas Department of Public Safety.

“It’s a very unfortunate event,” Espinoza told CNN. “It was too many lives that were lost.”

This story has been updated with additional information.

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Gov. Abbott activates state emergency resources ahead of severe storm threat

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Gov. Abbott activates state emergency resources ahead of severe storm threat


Gov. Greg Abbott on Sunday directed the Texas Division of Emergency Management to activate state emergency response resources as a massive storm system threatens much of the state with hurricane-force winds, giant hail, and the risk of tornadoes.

Severe weather in Texas

The severe weather, expected to last through Monday morning, covers a vast footprint including West, North, East, Central, and South-Central Texas. Forecasters warned the system could produce wind gusts exceeding 75 mph and hail larger than 2 inches in diameter.

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What they’re saying:

“Texas is prepared to confront the severe storms that pose a threat to communities all across our state,” Abbott said in a statement. He urged Texans to monitor local forecasts and warned motorists never to drive through flooded roadways, invoking the phrase, “Turn Around, Don’t Drown.”

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Heavy rainfall is expected to be widespread, with some areas potentially seeing isolated totals of 3 to 6 inches, which could lead to significant flash flooding. As the system progresses, the threat is expected to shift toward the South and Southeast Texas coasts.

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In preparation, the governor has deployed a wide array of state assets to assist local officials, including:

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  • Search and Rescue: Swiftwater and floodwater rescue boat squads and urban search and rescue teams from Texas A&M Task Forces 1, 2, and 3.
  • Aviation and Marine Support: Helicopters with hoist capabilities from the Department of Public Safety and Texas Parks and Wildlife, as well as Tactical Marine Units.
  • Infrastructure and Recovery: Texas Forest Service saw crews to clear debris from roads and Department of Transportation personnel to monitor highway conditions.
  • Medical and Utility Support: Emergency medical task forces with ambulances and all-terrain vehicles, along with monitors from the Public Utility Commission to coordinate power outage responses.

State agencies are also monitoring the state’s natural gas supply and water quality as the storms move through.

Officials encouraged residents to assemble emergency kits and check road conditions at DriveTexas.org before attempting to travel.

The Source: Information in this article is from the Governor Greg Abbott Press Office.

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