A West Texas bank buyout and the following mass migration of bankers had devastating consequences for Lubbock business owner Angie Castillo, who closed her Three Dog Bakery locations in Lubbock and Amarillo, saying bankruptcy is her next step.
“They cut me off at my knees in many different ways,” Castillo said.
She was referring to American State Bank in Tyler – not to be confused with the American State Bank which operated for many years in Lubbock before it was bought out in 2012 by Prosperity Bank. Same name, different bank…