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Want to buy a bank? Beware of this common oversight

March 23, 2015

Banks in Houston are definitely revving up to make some deals this year. While wheeling and dealing, there is one component of negotiations that industry players say is often overlooked and can represent quite an expense to the buyer: data processing contracts. "I've seen too many deals break up over huge DP (data processing) contract cancellation fees," said Dan Bass, managing director at Performance Trust Capital Partners LLC.

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