The bank job

The hit squad checked into the Hilton Garden Inn in Gainesville on Thursday under the name A-Z Technology. It was a perfect choice – an anonymous hotel in a suburban strip mall in north-east Georgia, 20 miles from the target; the local Rotary Club was meeting there at the same time and the receptionist was unlikely to pry.

On Friday, six hours before they swarmed the bank, the squad gathered at the Gainesville Civic Center. The blinds were drawn and large bouncers stood at the conference room entrance. About 80 people crammed inside as Ann Hill, a kindly looking middle-aged woman, stood to call the group to attention. “Welcome everybody to the first meeting and probably the last meeting of A-Z Technology,” she said.

Hill then went through the painstaking preparations for the day, which included, rather unusually for a bank job, a level of concern for the tellers and other employees. “Keep in mind what they’re going through,” she stressed. “We’re going to outnumber them, and it’s almost going to be like a herd of locusts descending on the place where they work.”

By Friday evening, those congregated in the meeting room were scattered around northern Georgia, keeping watch on the doors of all eight branches of Habersham Bank. In a town called Cornelia, Arthur Cook, a burly veteran member of the squad, watched from the car park for the last customers to leave. Then he gave a signal.

The staff were quickly rounded up in the lobby. Chandeliers hung from a high ceiling, illuminating stunned faces. One woman sobbed quietly and several covered their faces with their hands. Members of the squad moved among the shaken employees, each sporting a prominent badge emblazoned “FDIC”. This was no ordinary bank heist. The intruders were from the government and they were here to close down the failing bank and replace it with a profitable one in the course of a single night.

The set-up

It was another, more acute banking crisis that led to the creation of the Federal Deposit Insurance Corporation or FDIC. In 1933, President Franklin D. Roosevelt implored his fellow citizens to stop runs on the banks that threatened a complete collapse of the financial system. “I can assure you that it is safer to keep your money in a reopened bank than under the mattress,” he said.

Further to ensure there was never a repeat of the crisis that saw 9,000 banks fail, FDR signed a new insurance system into law. From that day on, every bank in America has paid a premium to the FDIC to insure each depositor’s account, now up to a limit of $250,000. This new financial crisis has depleted the fund, with 157 bank failures last year alone. But the FDIC guards the balance closely. Where possible the failed bank’s loans and deposits are transferred to an acquiring bank, at a discount to sweeten the deal.

Land For Sale In North Texas - News


Dennis Herzig Joins Lee & Associates-LA North/Ventura as Vice President

Los Angeles - Dennis Herzig, a specialist in the acquisition and sale of retail and office properties in the San Fernando Valley and throughout Southern California, has joined Lee & Associates-LA North/Ventura, Inc. as a Vice President.



The bank job
The bank job

Photography by Brandon Thibodeaux The pre-planning, Dallas, Texas, February 8. Ron Bieker, FDIC deputy director, takes a call following a meeting on the failure of Habersham Bank The hit squad checked into the Hilton Garden Inn in Gainesville on



No headline - ff_history

The discovery of oil in North Texas touched off a new surge of interest in Wichita Falls. SL Fowler's miracle well, drilled on his property just north of Burkburnett, was said to have brought in more than 2000 barrels a day.



Bankruptcy judge to consider sale of property in Palmeiro project

Jeff Courtwright, a Lincoln Property executive vice president, did not return phone calls seeking comment on the pending sale. Palmeiro's company filed for Chapter 11 reorganization June 6, one day before Branch Banking & Trust Co. in North Carolina



Company wants to drill for oil and gas on Banning Lewis Ranch

However, she added, “we're not a real estate development company.” In addition to Ultra's bid, a “backup” bid of an unknown amount was accepted for the 18000 acres from Asset Ventures Fund I Limited, an Austin, Texas, real estate developer.




North Texas Ranch Land | Roofing Fort Worth Contractors 817-203-2953

Article by Barry Tipton

You will be asking yourself why you waited so long before buying this place as you sit atop your horse surveying and admiring your North Texas ranch land. You could just as well be doing the surveying of your ranch land from inside an air conditioned vehicle or even getting a sky view as you fly over the land in your small private plane. However you do it, you will come to the same conclusion. Owning North Texas ranch land is a beautiful thing and you only wish you had bought some sooner.

Forget about what you didn’t do yesterday. Today is a new day and it is time to begin looking for land for sale so that you can take ownership of it before another day comes to a close. There are several ways in which you can do this.

You can scour newspaper ads seeking out notices of land for sale by owner. An alternative to newspapers are online classifieds where you can also find notices of lands for sale. You could ask around town to find out if anyone is aware of any North Texas ranch land that is up for sale.

Another choice you have and the one that I personally recommend is to visit a Texas land broker for information on the best land for sale. See pictures of the land that is up for sale before trekking out there to see it in person.

Remember too that land brokers are responsible for encouraging the largest percentages of real estate transactions overall, and with good reason. They are highly skilled at what they do. They have a knack for finding just the real estate that matches your reasons for wanting to invest in and own properties.

Why might someone be interested in owning land? The land itself can offer up some pretty exquisite views, but ranch lands are also lands of versatility. By that I mean you can use your north Texas land in many ways. You could purchase a small spread of land have enough space and land grazing for your horses or a few head of cattle or other livestock.

Ranch lands would allow you to keep a larger number of cattle, horses, and other livestock. With the purchase of bigger north Texas lands you could also start your own “Dude” ranch, which has a heavy demand from tourists who want adventure in their vacations. Or how about a rustic Bed and Breakfast ranch for those who like to get away from the noises of the city? The possible uses for your land are only limited by your imagination.

North Texas ranch land is a great asset to add to your investment portfolio. Find land for sale and make an investment with long- term, high- yield payoffs for you and your bank account. Investors from around the country are adding land to their investment portfolios.


Land For Sale In North Texas - Bookshelf

The story of North Texas, from Texas Normal College, 1890, to the University of North Texas system, 2001

The story of North Texas, from Texas Normal College, 1890, to the University of North Texas system, 2001

Sale of bonds against tuition income and a few auxiliary enterprise funds financed a limited land purchase. By policy, North Texas negotiated land purchases ...

The Texas magazine

The Texas magazine

The Houston & Texas Central Railroad runs through the county north and COLLIN COUNTY ... although there is hilly land for sale as low as $30 an acre. ...

The Texas reports, cases argued and decided in the Supreme Court of the state of Texas

The Texas reports, cases argued and decided in the Supreme Court of the state of Texas

Collins, 66 Texas, 467. McKin non & Carlton, for appellee. ... evidence of the application for the sale of land, to the order confirming the sale of land, ...

Annual report of the Comptroller of Public Accounts of the State of Texas, showing the receipts and disbursements and other transactions of the Department for the fiscal year ending August 31, ..., to the Governor

Annual report of the Comptroller of Public Accounts of the State of Texas, showing the receipts and disbursements and other transactions of the Department for the fiscal year ending August 31, ..., to the Governor

State printing office Sale of products of House of Correction and Reformatory ... and ,natic Asy. lum investments nse"half of land sales, act July 11. ...

Country life

Country life

Land for sale al $20.00 per acre. MR. GEORGE MUELLER 232 SOUTH MAIN STREET, SALT LAKE CITY, UTAH TEXAS MARYLAND FOR. SALE Estate of 733 acres situated at ...

Information Source Directory


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1000s of acres of Land for sale in Texas. ... Look farther north towards Mason County and or west along the Interstate 10 corridor in Kimble County. ...

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