American Banker Launches American Banker Texas

- Focused on Commercial and Community Banking in the Lone Star State -

New York, NY – April 3, 2006 – American Banker, the banking and financial services industry’s premier daily newspaper published by SourceMedia, announces the launch of American Banker Texas. This will be the first of a series of state and regional online news services for financial services professionals. 

American Banker Texas will offer original local coverage by its already nationally recognized journalists. Additionally, American Banker Texas will provide selected content from the national American Banker, SourceMedia sister publications, regulatory agencies and regional business publications. American Banker Texas will target and reach community banking executives throughout the Texas region.

“American Banker Texas will allow us to better serve the many financial services professionals for whom banking remains a local endeavor,” said David Longobardi, editor in chief of American Banker. “We want to be the leading independent provider of news to community bankers; to do that we need to deliver information about their core markets and competitors.”

"American Banker Texas will not only offer our subscribers relevant local coverage, but provide vendors to the market a cost-effective platform to regionally target their products and services,” added Bruce Morris, president of SourceMedia’s Banking & Corporate Groups and publisher of American Banker.

American Banker is a daily newspaper that provides news and analysis to the banking and financial services industry. It is distributed across the country to executives of large and small banks alike. With a readership of more than 77,000, the publication covers topics including national and global issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.

For more information about American Banker, visit www.americanbanker.com.