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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Bank with Fort Worth location being acquired

 

Park Cities Bank’s holding companies, North Texas Bancshares Inc. and North Texas Bancshares of Delaware Inc., have signed a definitive acquisition agreement with Park Cities Financial Group Inc. to purchase and recapitalize the bank.
The holding companies filed a petition for Chapter 11 on Oct. 16 in the U.S. Bankruptcy Court in Wilmington, Del.


“We have been working diligently to secure a strategic partner with a shared vision and commitment to strengthen Park Cities Bank and lead it into the future,” said CEO John D. Dienes in a news release. “This transaction provides capital to facilitate lending and business development in the communities we serve.”
Dienes added that the Chapter 11 filing affects only the holding companies and does not affect Park Cities Bank.


Park Cities Bank is a Texas chartered bank based in Dallas with $422 million in assets, 70 fulltime employees and four branches – three in Dallas and one in Fort Worth – as of Sept. 30.
The Deason family is lead investor of Park Cities Financial Group, with additional support provided by local investors.
The holding companies’ financial adviser is Commerce Street Capital while Bracewell & Giuliani serves as legal adviser. Park Cities Financial Group’s legal adviser is Jackson Walker. - Betty Dillard
 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?