Texas First Bank

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Texas First Bank
Privately held company
Industry Banking
Founded January 3, 1973; 45 years ago (1973-01-03) in Hitchcock, TX
Founder Charles T. Doyle
Headquarters Texas City, Texas, USA
Number of locations
22 branches, 53 ATMs
Products
Services
Parent Texas Independent Bancshares
Website www.texasfirst.bank

Texas First Bank is a state-chartered bank located in six counties along the Texas Gulf Coast. Founded in 1973, the bank today has 22 locations throughout Galveston County, Chambers County, Texas, Brazoria County, Texas, Harris County, Texas, Jefferson County, Texas, and Liberty County, Texas.[1] It is headquartered in Texas City, Texas[2] and a wholly owned subsidiary of Texas Independent Bancshares, Inc.

With just over $1 billion in assets, the bank offers a wide range of deposit and loan products to consumers and commercial businesses.

History

The bank was founded in 1973, when a group of investors organized by Charles T. "Chuck" Doyle,[3] Chairman Emeritus, purchased First State Bank of Hitchcock. The group aimed to establish a network of community banks in all ten incorporated cities in Galveston County by the end of the Twentieth Century. After acquiring Bank of the West in Galveston, Texas in 1975, Bank of Santa Fe in 1977, Gulf National Bank in Texas City in 1982, and Gulf Shores Bank in 1985, the group changed the name of all banks in the network to Texas First Bank in on August 3, 1995.

The bank went on to expand into Kemah, Pirates Beach, Dickinson, League City, and with the grand opening of its Friendswood location in January 1999, the group successfully reached its goal.

In 2000, Texas First Bank became affiliated with Rust, Ewing, Watt, & Haney Insurance Company. In 2004, the bank acquired Paramount Mortgage in League City, which was renamed to Texas First Mortgage.

In January 2005, Texas First Bank opened a Small Business Administration lending office in Pearland, Texas.

A merger with Gulf Coast Bank was approved and completed in 2006, adding banks in Winnie, Baytown, and Fannett, Texas to the group. Sullivan Insurance Agency was purchased in 2008, Houston Business Bank in 2012,[4] and Texas Coastal Bank in 2012.[5]

On January 1, 2014, Texas Independent Bancshares converted to a Subchapter S corporation, and the bank broke the $1 billion asset mark in March 2017.[6]

Current Subsidiaries

  • Texas First Bank - Santa Fe (9 Locations)
  • Texas First Bank - Texas City (11 Locations)
  • Rust-Ewing Insurance
  • Sullivan Insurance Agency
  • Texas First Mortgage
  • Houston Business Bank

Former Subsidiaries

  • Texas First Bank - Winnie (3 Locations merged into Texas First Bank - Texas City in 2010)
  • Texas First Bank - Galveston (4 Locations merged into Texas First Bank - Texas City in 2010)
  • Texas First Bank - Hitchcock (merged into Texas First Bank - Santa Fe in August 2000)

References

  1. ^ "FDIC: BankFind Search Details". research.fdic.gov. Retrieved 2017-07-07. 
  2. ^ "Entity Detail | Texas Department of Banking". www.dob.texas.gov. Retrieved 2017-07-07. 
  3. ^ "Doyle named to Texas Bankers Hall of Fame". Houston Chronicle. Retrieved 2017-07-07. 
  4. ^ "https://www.bizjournals.com/houston/print-edition/2012/05/04/houston-business-bank-to-merge-with.html". www.bizjournals.com. Retrieved 2017-07-07.  External link in |title= (help)
  5. ^ "Texas First Bank to purchase Texas Coastal Banks". Houston Chronicle. Retrieved 2017-07-07. 
  6. ^ "FDIC: BankFind Search Details". research.fdic.gov. Retrieved 2017-07-07. 

Sources

  • FDIC Institution Directory
  • Texas First Bank Website

External links

  • Map of Texas First Bank Locations
  • Texas First Bank


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