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Broadway Bank is a community bank founded in 1941, founded by Col. Charles E. Cheever Sr. and his wife, Elizabeth Cheever. [3] Broadway Bank has twenty-eight banking centers and two loan production offices spread across San Antonio, Austin, Dallas, Houston and the Texas Hill Country .
Broadway Bank (Illinois), a defunct bank founded by the Giannoulias family and closed by the FDIC in 2010 with its assets transferred to MB Financial Bank; Broadway Bank (Texas), a San Antonio bank founded in 1942, also controlling Eisenhower Bank, and still operating; Broadway Bank and Trust Company, a California bank bought by Orra E ...
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By 2009, Broadway Bank had become burdened with bad loans. On January 26, 2010, the bank agreed to restrictions from state and federal banking regulators: ending dividend payments to the Giannoulias family without regulatory approval, hiring outsiders to evaluate the senior management, adding $19 million to its reserves, raising another $50 million within 90 days to achieve its promised ...
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