First United Bank

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First United Bank & Trust
Public
Industry Banking
Founded

(as "Durant National Bank")

Durant, Oklahoma (1900)
Headquarters Durant, Oklahoma, United States
Key people
Greg Massey, Chairman/CEO
Products Financial services
Total assets $5.5 billion
Number of employees
1500
Website www.firstunitedbank.com

First United Bank is a community bank headquartered in Durant, Oklahoma that provides personal and commercial banking, investment management, insurance and mortgage products and services to customers at 85 locations throughout Oklahoma and Texas. First United is the 7th largest bank in its home state of Oklahoma[1] with combined assets of $5.5 billion in 85 locations in Oklahoma and Texas.

First United is owned by the Massey family whose patriarch is former Oklahoma state senator, John Massey.[2] Mr. Massey serves as chairman of First United, and his son, Greg Massey[3] leads the bank as chief executive officer.

The bank defines its purpose as follows: To inspire and empower others to Spend Life Wisely. First United’s Spend Life Wisely philosophy encompasses four pillars: faith, financial well-being, wellness and personal development.

Locations[edit]

Locations in Oklahoma are Ada, Bokchito, Calera, Colbert, Durant, Holdenville, Hugo, Madill,, Maysville, Moore, Norman, Oklahoma City, Pauls Valley, Purcell, Sapulpa, Seminole, Shawnee, Tecumseh, and Wewoka.

Texas locations include Austin, Bulverde, Dallas, Denton, Fredericksburg, Frisco, Garden Ridge, Horseshoe Bay, Kingsland, Krum, Lakeway, Marble Falls, McKinney, and Sanger, Schertz, Seguin, and Temple.

History[edit]

First United[4] began as Durant National Bank[5] on Oct. 2, 1900 when it first opened its doors in Blue County, Choctaw Nation Territory, which is known today as Durant, Oklahoma. In 1915, Durant National Bank absorbed eight banks in the Oklahoma region, and in 1916, constructed a new building in Durant at 2nd and Main Streets. In 1963, Durant National Bank was renamed to Durant Bank & Trust becoming one of the first banks in Oklahoma to have full trust powers.

Oklahoma native, John Massey joined Durant Bank & Trust in 1966 as a director, and was appointed chairman of the board in 1986. At that time, he also became the majority shareholder and CEO. Greg Massey, joined the bank in 1990, and succeeded his father as CEO in 2003 when the bank had 18 locations in Oklahoma. A series of acquisitions, including the merger with American Bank of Texas in 2016,[6] has allowed the bank to grow to 85 locations in Oklahoma and Texas with $5.5 billion of assets.

External links[edit]

References[edit]

  1. ^ "Summary of Deposits". FDIC. 
  2. ^ "Executive profile". Bloomberg. 
  3. ^ "Executive Profile". Bloomberg. 
  4. ^ "Bank Listing". Oklahoma Banking Department. 
  5. ^ "Old Money From the Durant National Bank". Antique Money. 
  6. ^ Hoopfer, Evan. "Digital Reporter". Austin Business Journal. Retrieved 22 June 2016.