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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Community Bank to merge with Northstar Bank of Texas

Betty Dillard
bdillard@bizpress.net

Fort Worth-based Community Bankers Inc. has agreed to be acquired by Carlile Bancshares Inc., also headquartered in Fort Worth, for an undisclosed price, the companies said May 15.

Carlile plans to merge Community Bankers’ subsidiary Community Bank with Northstar Bank of Texas, a wholly owned subsidiary of Carlile. Community Bank will continue to operate under its current name and logo until the merger is complete, which is expected to occur in the fourth quarter of 2014.

After the merger, the bank will be rebranded as Northstar Bank of Texas with Tony R. Clark, Northstar’s president and chief executive officer, at the helm.

Tom C. Nichols, co-founder, chairman and CEO of Carlile Bancshares, said key factors in the merger were the companies’ similar core values and shared belief in customer service.

“The combined organization will be the joining of two exceptional community banks with very similar cultures, resulting in one of the larger independent banks in North Texas,” Nichols said.

The merger will increase Northstar’s 16 banking branches to 26 in the North Texas and Austin areas with combined assets of $1.7 billion.

Northstar Bank of Texas, the largest community bank in Denton County, was acquired by Carlile Bancshares in July 2012. The Carlile portfolio includes banks in Colorado, Austin and Marble Falls as well as Goldome Financial Inc., which provides warehouse lines of credit to the mortgage lending industry.

In 2013, Northstar expanded with a new location in Arlington. Construction also started on a new location in Flower Mound, with plans to open mid-2014.
 

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