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After Ike: Texas Banks Prepared, Regulatory Relief Offered

Hurricane Ike’s 15-foot surge failed to match 20-foot predictions made by weather forecasters. Storm surge topped out at about 15 feet at Port Arthur, TX. In Galveston, storm surge was about 11 feet, adding to the waves already kicked up by the storm. Texas Department of Banking will work with all affected institutions on a case by case basis to offer regulatory relief. The worst storm in Texas history, and the worst natural disaster ever in the United States, remains a hurricane simply known as The Great Storm of 1900.”]

Source: https://www.cuinfosecurity.com/after-ike-texas-banks-prepared-regulatory-relief-offered-a-974

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