Bank Texas
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BankTexas is a community-based financial institution located in the East Texas town of Quitman. As of September 2008 it had assets of $208.0 million and total loans of $103.8 million.[1]
[edit] History
BankTexas was formed in the 1890s, converted to a state-chartered bank in 1905 and then to a national-chartered bank in 1914 (taking the name The First National Bank of Quitman.[2]). BankTexas took on its present name on January 1, 2005.
In 2006, seven members of the bank's board of directors raised approximately $13 million from local investors to form BT Holdings, which purchased BankTexas from its then non-local owners. The transaction allowed BankTexas to once again become a locally-owned financial institution.[3]
[edit] References
[edit] External links
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