Luby’s Culinary Services, a segment of Luby’s Inc., has signed a multi-year agreement with Lone Star College System to manage the foodservice operations for the system’s newest location.

Luby’s etc., the brand’s retail dining food court, opened today at LSC-University Park. The recently renovated 4,500 square foot dining facility [...]]]> Houston Business Journal – by Allison Wollam Reporter

Luby’s Culinary Services, a segment of Luby’s Inc., has signed a multi-year agreement with Lone Star College System to manage the foodservice operations for the system’s newest location.

Luby’s etc., the brand’s retail dining food court, opened today at LSC-University Park. The recently renovated 4,500 square foot dining facility is open to the public and the 3,500 students and faculty at the college, located at State Highway 249 and Louetta Road.

Luby’s etc., provides customers with traditional Luby’s (NYSE: LUB) cafeteria offerings in addition to a variety of food stations including a salad bar, made-to-order grill and build-your-own deli stations.

Houston-based Luby’s Culinary Services will also provide catering for the 14,000 square foot conference center, which has 19 conference rooms and exhibition space.

With nearly 60,000 students in credit courses last fall, Lone Star College System is the third largest community college system in Texas, and the largest higher education institution in the Houston area.

The new 61,000-square-foot facility will process time- and temperature-sensitive products such as produce, flowers and fish.

The Houston Fresh Air Cargo IAH center is expected to pump an estimated $10 million [...]]]> Tradewinds Cargo Handling welcomed the first flight carrying fresh air cargo to the new Houston Fresh Air Cargo center at George Bush Intercontinental Airport on Thursday.

The new 61,000-square-foot facility will process time- and temperature-sensitive products such as produce, flowers and fish.

The Houston Fresh Air Cargo IAH center is expected to pump an estimated $10 million per year into the regional economy and is the first of its kind in the region, according to the Houston Airport System.

In August, Tradewinds Cargo Handling of Newark, N.J., became the first company to lease space in the facility, which was developed by Trammell Crow Co.

Prosperity Bancshares Inc. has announced plans to acquire three Texas branches of U.S. Bank, including one in Houston.

The local bank in the deal is North Houston Bank. The capital-starved bank held $325.5 million worth of assets at the end of September 2009, according to Federal [...]]]> Houston Business Journal – by Casey Wooten and Greg Barr

Prosperity Bancshares Inc. has announced plans to acquire three Texas branches of U.S. Bank, including one in Houston.

The local bank in the deal is North Houston Bank. The capital-starved bank held $325.5 million worth of assets at the end of September 2009, according to Federal Deposit Insurance Corp. data. The bank posted a loss of $25 million for the same period.

Houston-based Prosperity (NASDAQ: PRSP) will pay a premium for approximately $420 million in deposits, as well as loans and other assets to Minneapolis-based U.S. Bank. U.S. Bank is a subsidiary of U.S. Bancorp (NYSE: USB).

U.S. Bank acquired North Houston Bank as well as two smaller rural Texas banks — Madisonville State Bank and Citizens National Bank, based in Teague — in October 2009 in an FDIC-assisted transaction in which U.S. Bank acquired nine banks in several states operated by Illinois-based FBOP Corp., which purchased North Houston Bank in 1995.

However, U.S. Bank made the decision in early December to sell the branches. A bank spokesman said at the time that, after further assessment since the acquisition, the branches were not the right strategic fit.

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