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{{Short description|State chartered bank in Texas}}
{{more citations|date=July 2018}}
{{Infobox company {{Infobox company
| name = Texas First Bank

| company_name = Texas First Bank | logo = Texas First Bank logo.png
| logo_size =
| company_slogan = Helping Texans Build Texas
| logo_padding =
| foundation = 1972
| logo_alt =
| location = ], ],
| logo_caption =
]
| image =
| industry = ]
| image_size =
| products = ]
| image_alt =
| homepage =
| image_caption =
| native_name =
| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang||}}. -->
| former_name =
| type =]
| industry =]
| founded = {{Start date and age|1973|01|03}} in ]
| founder = Charles T. Doyle
| hq_location =
| hq_location_city =]
| hq_location_country =USA
| num_locations = 22 ], 53 ]s
| area_served = <!-- or: | areas_served = -->
| key_people =
| products ={{Unbulleted list|]|]|]|]|] loans}}
| brands =
| services ={{Unbulleted list|]|]|]|]}}
| owner = <!-- or: | owners = -->
| parent = Texas Independent Bancshares
| ratio = <!-- for BANKS ONLY -->
| rating = <!-- for BANKS ONLY -->
| website = {{URL|www.texasfirst.bank}}
}} }}


'''Texas First Bank''' is a state-chartered ] located in six counties along the ]. Founded in 1973, the bank today has 22 locations throughout ], ], ], ], ], ], and ].<ref>{{Cite web|url=https://research.fdic.gov/bankfind/detail.html?bank=23799&name=Texas%20First%20Bank&searchName=Texas%20First%20bank&searchFdic=&city=&state=&zip=&address=&searchWithin=&activeFlag=&searchByTradename=false&tabId=2|title=FDIC: BankFind Search Details|website=research.fdic.gov|language=en|access-date=2017-07-07}}</ref> It is headquartered in ]<ref>{{Cite web|url=http://www.dob.texas.gov/entity-search/entity-detail?bid=1128&eid=1&bn=0|title=Entity Detail {{!}} Texas Department of Banking|website=www.dob.texas.gov|language=en|access-date=2017-07-07}}</ref> and a wholly owned subsidiary of Texas Independent Bancshares, Inc.


== History ==
The bank was founded in 1973, when a group of investors organized by Charles T. "Chuck" Doyle,<ref>{{Cite news|url=http://www.chron.com/life/health/article/Doyle-named-to-Texas-Bankers-Hall-of-Fame-9672779.php|title=Doyle named to Texas Bankers Hall of Fame|work=Houston Chronicle|access-date=2017-07-07}}</ref> 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{{cn|date=July 2018}}. After acquiring Bank of the West in ] 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.{{cn|date=July 2018}}. The bank also opened branches in Kemah, Pirates Beach, Dickinson, League City, and Friendswood.


In 2000, Texas First Bank became affiliated with Rust, Ewing, Watt, & Haney Insurance Company. In 2004, the bank acquired Paramount Mortgage in League City and renamed it Texas First Mortgage.
'''Texas First Bank''' is the name of a family of banks in ], ] and ], ], all owned by ].

===Texas First Bank History===

Texas First Bank is Galveston County's largest, locally owned family of independent community banks. Building an organization takes many years of planning. Charles T. Doyle had a vision for banking and that vision became a reality in 1973 with the acquisition of his first bank.

By year-end 1999, as part of Doyle's vision, he had a banking center in all thirteen cities in Galveston County. Strategic planning sessions are consistently held for the Texas First Bank team and these sessions lead to the services and products, which have made Texas First the bank of choice for area residents. Strategic planning has also contributed to the growth of this bank with recognition state and nation wide.

Timeline
•January 3, 1962 – First State Bank – Hitchcock
•January 3, 1973 - First State Bank of Hitchcock was purchased by a group of investors organized by Charles T. Doyle
•March 27, 1975 - Opened Bank of the West (Stewart Road), Galveston. This bank was the first bank to be organized on the island by a group from the mainland.
•February 22, 1977 - Opened Bank of Santa Fe
•April 23, 1982 - Opened Gulf National Bank in Texas City
•June 5, 1985 - Opened Gulf Shores Bank in Crystal Beach
•January 22, 1991 - Opened Bank of the West Broadway, Galveston
•November 29, 1993 - Opened First State Bank of Hitchcock, La Marque FM 1764
•August 3, 1995 - Name change on all banks to Texas First Bank
•October 10, 1995 - Opened Texas First Bank, Kemah
•November 6, 1995 - Opened Texas First Bank, Pirates Beach, Galveston
•December 7, 1996 - Opened Texas First Bank, Dickinson
•February 28, 1998 - Opened Texas First Bank, League City
•January 25, 1999 - Opened Texas First Bank, Friendswood
•December 13, 1999 - Opened Texas First Bank, La Marque, Oak Street
•August 31, 2000 – TFB and Rust – Ewing affiliation announcement & Broadway/Monument Square Dedication
•September 1, 2000 - Texas First Bank's Internet Banking Program Launched
•June 2003 - Texas First Bank became the FIRST bank in Texas and the second in the nation to offer customers Visa Extras for customers with the Visa Credit and Debit Card to earn reward points each time the cards are used.
•November 19, 2003 – TFB Friendswood Grand Opening (new building)
•August 11, 2004 – TFB Crystal Beach ribbon cutting on remodel/expansion
•October 13, 2004 – TFB Bay Colony Ground Breaking ceremony
•November 1, 2004 - Acquisition of Paramount Mortgage Company
•January 1, 2005 - Opened SBA Lending Office, Pearland
•September 14, 2005 - Re-Opened TFB FM 1764 to include Banking Center, Operations Center, & Mortgage Company
•June 2, 2005 – TFB Bay Colony Ribbon Cutting ceremony
•January 26, 2006 – Acquired Gulf Coast Bank with locations in Jefferson, Harris and Chambers counties
•April 1, 2006 – Gulf Coast Bank officially becomes Texas First Bank in Baytown, Fannett and Winnie
•September 13, 2007 – TFB Pearland Ribbon cutting ceremony
•February 1, 2008 – Sullivan Insurance Agency was purchased
•March 15, 2009 – Opened Houston Business Bank
•January 14, 2010 – Opened Texas First Bank -Alvin
•June 7, 2010 – Opened Texas First Bank- Mid County Location


In January 2005, Texas First Bank opened a ] lending office in ].{{cn|date=July 2018}}


In 2006 Texas First Bank merged with Gulf Coast Bank. Sullivan Insurance Agency was purchased in 2008, and in 2012 they merged with the affiliated Houston Business Bank, which Texas First Bank owned a controlling interest in,<ref>{{Cite web|url=https://www.bizjournals.com/houston/print-edition/2012/05/04/houston-business-bank-to-merge-with.html|title=Houston Business Bank to merge with Texas First Bank|website=www.bizjournals.com|access-date=2017-07-07}}</ref> as well as Texas Coastal Bank.<ref>{{Cite news|url=http://www.chron.com/neighborhood/deerpark/news/article/Texas-First-Bank-to-purchase-Texas-Coastal-Banks-9380624.php|title=Texas First Bank to purchase Texas Coastal Banks|work=Houston Chronicle|access-date=2017-07-07}}</ref>
===Current Subsidiaries===


On January 1, 2014, Texas Independent Bancshares converted to a ] corporation, and in March 2017 the bank's assets reached $1 billion.<ref>{{Cite web|url=https://research.fdic.gov/bankfind/detail.html?bank=23799&name=Texas%20First%20Bank&searchName=texas%20first%20bank&searchFdic=&city=&state=&zip=&address=&searchWithin=&activeFlag=&searchByTradename=false&tabId=2|title=FDIC: BankFind Search Details|website=research.fdic.gov|language=en|access-date=2017-07-07}}</ref>
*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


==References==
===Former Subsidiaries===
{{Reflist}}
*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)


==Sources== ==Sources==
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==External links== ==External links==
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Latest revision as of 03:56, 20 June 2024

State chartered bank in Texas
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Texas First Bank" – news · newspapers · books · scholar · JSTOR (July 2018) (Learn how and when to remove this message)
Texas First Bank
Company typePrivately held company
IndustryBanking
FoundedJanuary 3, 1973; 51 years ago (1973-01-03) in Hitchcock, TX
FounderCharles T. Doyle
HeadquartersTexas City, Texas, USA
Number of locations22 branches, 53 ATMs
Products
Services
ParentTexas Independent Bancshares
Websitewww.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. It is headquartered in Texas City, Texas and a wholly owned subsidiary of Texas Independent Bancshares, Inc.

History

The bank was founded in 1973, when a group of investors organized by Charles T. "Chuck" Doyle, 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 also opened branches in Kemah, Pirates Beach, Dickinson, League City, and Friendswood.

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

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

In 2006 Texas First Bank merged with Gulf Coast Bank. Sullivan Insurance Agency was purchased in 2008, and in 2012 they merged with the affiliated Houston Business Bank, which Texas First Bank owned a controlling interest in, as well as Texas Coastal Bank.

On January 1, 2014, Texas Independent Bancshares converted to a Subchapter S corporation, and in March 2017 the bank's assets reached $1 billion.

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. "Houston Business Bank to merge with Texas First Bank". www.bizjournals.com. Retrieved 2017-07-07.
  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

External links


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