The BankTexas Story
A little bank built on a promise of exceptional service.
We trace our roots to the 1890s, when William Lloyd founded a little bank on Quitman's courthouse square. He treated his customers like family, earning the nickname "Uncle Bill." As Uncle Bill's little bank grew and prospered, the goal wasn't to be the biggest bank in the world, but to offer the best customer experience possible.
On January 16, 2013, BankTexas embarked on a new business model. The first steps included adding additional leadership talent and conducting an equity raise to elevate the capitalization of the bank. We are pleased to report that the equity raise is now complete and approximately 182 new shareholders have invested a total of $42 million in the bank. With an extensive and diverse shareholder base of nearly 575 owners, we believe that BankTexas is one of the few true community banks in East Texas.
In December 2012, the bank had approximately $224 million in assets and $189 million in deposits. As of June 2014, total assets were $544 million and deposits grew to $468 million. As you can imagine, we are excited about the growth thus far and the outlook for the future.
The promise of exceptional service includes a commitment to offer customer beneficial products by giving customers what they want to the extent practical. We believe customers appreciate a fair and reasonable approach to banking. Our desire is to establish long term mutually beneficial relationships.