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| Company type | Privately held company |
|---|---|
| Industry | Banking |
| Founded | January 3, 1973; 51 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 |
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.
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, 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 in 2012.
On January 1, 2014, Texas Independent Bancshares converted to a Subchapter S corporation, and in March 2017 the bank's assets reached $1 billion.
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
- "FDIC: BankFind Search Details". research.fdic.gov. Retrieved 2017-07-07.
- "Entity Detail | Texas Department of Banking". www.dob.texas.gov. Retrieved 2017-07-07.
- "Doyle named to Texas Bankers Hall of Fame". Houston Chronicle. Retrieved 2017-07-07.
- "https://www.bizjournals.com/houston/print-edition/2012/05/04/houston-business-bank-to-merge-with.html". www.bizjournals.com. Retrieved 2017-07-07.
{{cite web}}: External link in|title= - "Texas First Bank to purchase Texas Coastal Banks". Houston Chronicle. Retrieved 2017-07-07.
- "FDIC: BankFind Search Details". research.fdic.gov. Retrieved 2017-07-07.
Sources
External links
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