Western National Bank

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Western National Bank
Private
IndustryBanking
Financial services
Investment services through WNB Private Client Services
FateMerged with Frost Bank
Founded1977
DefunctJune 20, 2014 (2014-06-20)
Headquarters,
Number of locations
8 branches
Area served
Odessa, TX, Midland, TX, San Antonio, TX
Key people
Clay Wood, Chairman;
Jack Wood, President & CEO
ProductsFinance
Consumer banking
Corporate banking
Wealth management
Loans
Total assets$1.1 billionUSD (March 31, 2011)
Equity capital $92.1 million USD
OwnerWNB Bancshares, Inc.
Number of employees
170

Western National Bank (WNB) was an individually and privately owned bank that was chartered in 1977 in Odessa, Texas.

History[edit]

Western National Bank was chartered in 1977 and among the charter members were the Wood family. During the great oil bust of the 1980s, the Wood family saw the need for money to be invested in the bank and bought out the other investors. Western National Bank was one of the few banks that was established during that time and operated under the same name until it merged with Frost Bank.[1]

On June 20, 2014, Western National Bank was absorbed by Frost Bank. All seven Midland/Odessa branches became Frost Bank offices, and the San Antonio Western National Bank branch was closed.[2]

References[edit]

  1. ^ "Western National Bank: Serving the Basin since disco days". Retrieved 2015-05-08.
  2. ^ "Frost Bank Brings Western National Bank Into The Fold". Retrieved 2015-05-08.