The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour.
The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared-national credits, deteriorated in the second quarter.
The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.