Douglas Newby
Architecturally Significant Homes
Horse & Trolly

Motion Passes – Pegasus Sells

From my suggesting the name Pegasus for the bank as it was being formed, to making the motion to accept the results of the shareholder vote to sell the bank, this investment has had a sentimental appeal to me. The sale also represents an evolution of Dallas and the closing of a circle of longstanding banking relationships with Joe Goyne. I first met Joe at a Christmas party of architect Michael Brown on Swiss Avenue when I had just started graduate school at SMU. Joe suggested I look under my mattress, empty the pillowcases, and look in all my pockets to pull together some money to open an account at Grand Bank. I did just that. At the bank when I emptied all my pockets holding various denominations and types of currency, checks, and remittances, it made a mound on his desk. He immediately called in the other bank officers to take a look. Since then, Joe Goyne, who started as a teller at Lakewood Bank, became President of Grand Bank, Vice Chairman of Comerica Bank, started Lone Star Bank, and then founded his last venture, Pegasus Bank. Along the way has been the creation of a historic district, building the first two new houses in Munger Place after it became a historic district, a Restoration House of the Year Award and many other shared civic ventures that we worked on together. Congratulations to Joe, the officers and staff, and other shareholders for a successful sale. Wishing Joe continued success as a banker working for the new out-of-state bank. *Motion Passes – Pegasus Sells
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