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Charles Schwab move from San Fran creates financial hub in North Texas

November 27, 2019

By Luke Ranker and <a href="mailto:ramirez : star-telegram – excerpt

Nearly 16 percent of Tarrant County workers commute each day to Dallas. Fort Worth officials are concerned that their city is becoming a bedroom community, and they’re working on luring more high-paying jobs to the western side of North Texas. By Gordon Dickson

Fort Worth : Financial giant Charles Schwab will acquire competitor TD Ameritrade for $26 billion — that’s big news in the financial world, but it’s “enormous news” for Westlake.

The northeast Tarrant County town will be home to the merged headquarters, according to Schwab’s announcement on Monday. The release was not specific on a timeline, but combining the two companies could take 18 to 36 months. The deal, subject to regulatory approval, should close in the second half of 2020…(more)

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