Amarillo National Bank

Last updated

Amarillo National Bank
Company typePrivate
IndustryFinance
Founded Amarillo, Texas, 1892
HeadquartersAmarillo, Texas
Products Financial services
Number of employees
695
Website www.anb.com

Amarillo National Bank (ANB) is a private bank providing commercial banking and personal banking across Texas. It is based in Amarillo, Texas. In 2019, ANB acquired Lubbock National Bank, expanding its locations beyond the Texas Panhandle and into the South Plains and other parts of the state. [1] As ANB, the bank operates 19 branch locations in and around the cities of Amarillo, Borger and Canyon. As Lubbock National Bank, it operates six branch locations in Lubbock. Under the name Commerce National Bank, it operates seven locations in the cities of Bryan, College Station, Fort Worth, and two suburbs of Austin. [2] The bank operates 116 local, branded automatic teller machines (ATMs) in those communities. [3] As of the end of 2019, it claimed to have more than $5.7 billion in assets. [4] ANB employed 695 people as of August 2016. [5]

Contents

The bank was formed in 1892 and has been owned by the Ware family since 1909. [6] ANB is known as the largest, 100-percent family-owned bank in the United States. In 1999, the magazine Texas Monthly called the Wares the "bankers of the century." [7]

The bank is headquartered in two high-rise buildings in downtown Amarillo. The 16-story Amarillo National Bank Plaza One opened in 1971, [8] and the 12-story Amarillo National Bank Plaza Two complex was completed in 1984. [9]

ANB is known for opening Texas’ first drive-up bank window (1950) and the first automatic teller machine in Texas (1978), [10] which was located in the bank's downtown lobby. Also in 1978, the bank began construction on what was then the largest drive-up banking facility in the United States, at 10th Avenue and Taylor Street in Amarillo. [11]

As of 2019, Amarillo National Bank ranked as the 25th largest farm lender in the nation, with 15 percent of its loans concentrated on agriculture. [12] It is the largest mortgage lender in the Texas Panhandle and the largest independent cattle lender in Texas. [13]

ANB donates more than $2 million a year to local charities. During the holiday season, ANB allows each of its employees to designate a $100 check to any charity of the employee's choice. [14] In addition, the bank invests heavily in the financial education of Texas residents with its ANB Smart program, and participates in the national Teach Children to Save campaign and the Get Smart About Credit program from the American Bankers Association. [15]

Amarillo National Bank owns the naming rights to the Amarillo National Center, a 10,000-seat multipurpose arena built in 2000.

History

The bank was formed in 1892 as First National Bank of Amarillo, located at 4th Avenue and Polk Street. Local cattleman Benjamin Taliaferro (B.T.) Ware, one of the earliest settlers in the area, became vice president of First National Bank in 1895 until moving to Fort Worth, Texas in 1899. Ware returned in 1900 and bought the bank. He operated it until 1906, when he sold his stock and organized the Western Bank and Trust Company. In 1909, Ware repurchased the Amarillo bank and merged it with Western Bank and Trust, forming Amarillo National Bank. Members of the Ware family have owned and operated the bank ever since. [16]

In 1986, ANB purchased Borger's Bank in Borger, Texas. [6] The acquisitions of Lubbock National Bank and Commerce National Bank were announced in October 2018 and finalized in March 2019.

Owners

The current owners of Amarillo National Bank represent the fourth and fifth generations of the Ware family. In 2017, bank chairman Richard Ware II was named "Banker of the Year" by the trade newspaper American Banker . [17] In 2018, ANB announced that two of Richard Ware's triplet sons would take over leadership of the bank. While Richard Ware remains chairman of the bank, Patrick Ware currently serves as vice chairman and William Ware is president of ANB. [18] The younger Wares were originally elected to director positions on Amarillo National Bank's board in 2008. [19] Additional Ware family members hold officer positions within the bank. [20]

See also

Related Research Articles

<span class="mw-page-title-main">Panhandle, Texas</span> Town in Texas, United States

Panhandle is the county seat of Carson County, Texas, United States. The population of the town was 2,378 at the 2020 census. Panhandle is part of the Amarillo metropolitan statistical area.

<span class="mw-page-title-main">Memphis, Texas</span> City in Texas, United States

Memphis is a city and the county seat of Hall County, Texas, United States. As of the 2010 census, the population was 2,290.

<span class="mw-page-title-main">Lubbock, Texas</span> City in Texas

Lubbock is a city in the U.S. state of Texas and the county seat of Lubbock County. With a population of 266,878 in 2023, the city is the 10th-most populous city in Texas and the 84th-most populous in the United States. The city is in the northwestern part of the state, in the Great Plains region, an area known historically and geographically as the Llano Estacado, and ecologically is part of the southern end of the High Plains, lying at the economic center of the Lubbock metropolitan area, which had an estimated population of 360,104 in 2023.

<span class="mw-page-title-main">Amarillo, Texas</span> City in Texas, United States

Amarillo is a city in the U.S. state of Texas and the seat of Potter County. It is the 14th-most populous city in Texas and the most populous city in the Texas panhandle. A portion of the city extends into Randall County. The estimated population of Amarillo was 200,393 as of April 1, 2020, comprising nearly half of the population of the panhandle. The Amarillo metropolitan area had an estimated population of 308,297 as of 2020.

<span class="mw-page-title-main">Texas panhandle</span> Region in Texas, United States

The Texas panhandle is a region of the U.S. state of Texas consisting of the northernmost 26 counties in the state. The panhandle is a square-shaped area bordered by New Mexico to the west and Oklahoma to the north and east. It is adjacent to the Oklahoma Panhandle, land which Texas previously claimed. The 1820 Missouri Compromise declared no slavery would be allowed in states admitted from the Louisiana Purchase above 36°30′ north latitude. Texas was annexed in 1845 from still more westerly land. The Compromise of 1850 removed territory north of this line from Texas, and set the border between the Texas Panhandle and the New Mexico Territory at the 103rd meridian west. The eastern border at the 100th meridian west was inherited from the Adams–Onís Treaty of 1819, which defined the border between the United States and New Spain. The Handbook of Texas defines the southern border of Swisher County as the southern boundary of the Texas Panhandle region.

<span class="mw-page-title-main">Lake Meredith</span> Man-made lake in Texas, United States

Lake Meredith is a reservoir formed by Sanford Dam on the Canadian River at Sanford, Texas. It is about 30 miles (48 km) northeast of Amarillo, Texas in the Texas Panhandle. It is named for A.A. Meredith, the former city manager of Borger, Texas. It historically was a major source of drinking water for Amarillo and Lubbock, Texas, located about 150 miles (240 km) to the south along with many other towns in between and nearby. Sanford Dam was constructed starting in 1962 with completion in 1965. In 2003, the Canadian River Municipal Water Authority announced that it would reduce allocations to its member cities due to an ongoing drought and a continued drop in the water level in the reservoir. As of 2008, the lake continued to hit record lows, and most of the water supplied by CRMWA is now coming from wells in Roberts County. In 2011, water withdrawals from Lake Meredith temporarily ceased and on August 7, 2013 the lake reached its all-time low 26.14 feet (7.97 m). The record high capacity was in April 1973 when the lake was 101.85 ft deep. Lake depth as of October 14, 2017 was 73.12 ft deep.

PlainsCapital Bank, a subsidiary of Hilltop Holdings Inc., is one of the largest independent banks in Texas with approximately $11.8 billion in assets. PlainsCapital operates more than 60 branches in Austin, Corpus Christi, Dallas, Fort Worth, Houston, Lubbock, San Antonio and the Rio Grande Valley. The bank, which is led by CEO Jerry Schaffner, employs about 1,200 people.

The Amarillo Globe-News is a daily newspaper in Amarillo, Texas, owned by Gannett. The newspaper is based at downtown's FirstBank Southwest Tower, but is printed at a facility in Lubbock.

<span class="mw-page-title-main">Old National Bank</span> American Regional Bank

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Its primary banking footprint is in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin.

<span class="mw-page-title-main">Area code 806</span> Area code in Texas, United States

Area code 806 is a telephone area code in the North American Numbering Plan (NANP) for the U.S. state of Texas in the Panhandle and South Plains, including the cities of Amarillo and Lubbock. It was created in 1957 in a flash-cut from numbering plan area (NPA) 915, the north-western corner of the state, but also incorporated a small portion of the region of area code 817 to the east.

Roy Furr was the president of the Furr's chain of supermarkets and restaurants after his older brother Key Furr.

<span class="mw-page-title-main">Panhandle and Santa Fe Railway</span> American railroad company

The Panhandle and Santa Fe Railway (P&SF) was an American rail transport company that was a subsidiary of the Atchison, Topeka and Santa Fe Railway (AT&SF), operating primarily in the Texas Panhandle.

First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaiʻi. Its principal subsidiary, First Hawaiian Bank, founded in 1858, is Hawaiʻi’s oldest and largest financial institution headquartered in Honolulu, Hawaiʻi, at the First Hawaiian Center. The bank has 57 branches throughout Hawaiʻi, three in Guam and two in Saipan. It offers banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian was listed on the NASDAQ on August 4, 2016, and made its debut at number 12 in the January 2017 publication of Forbes' America's 100 Largest Banks with $20 billion in total assets. In 2019, BNP Paribas sold its stake in First Hawaiian Bank.

<i>Caprock Chief</i> Proposed rail route in the US

The Caprock Chief or Caprock Xpress was a proposed Amtrak inter-city rail service which would run from Fort Worth, Texas, to Denver, Colorado, passing through the Texas Panhandle, which currently does not have passenger rail service of any kind. Initially proposed 2000–2001, the project has not yet seen significant progress and is unlikely to be implemented. "Caprock" is a geological term for a harder or more resistant rock type overlying a weaker or less resistant rock type, and lends its name to the Caprock Escarpment that defines the edge of the high plains of the Llano Estacado.

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

Citizens Bank of Amarillo is an independently owned network of community banks located in the Texas Panhandle and Eastern New Mexico in the United States. This is a geography that is home to approximately 500,000 residents. The bank is owned by Triple J Financial, Inc., a Texas one-bank holding company. It is Federal Deposit Insurance Corporation insured, and is a member of the Independent Community Bankers of America (ICBA).

<span class="mw-page-title-main">United Overseas Bank</span> Singaporean regional bank

United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.

MidFirst Bank is an American bank based in Oklahoma City, Oklahoma. As of 2023, it was the largest privately owned bank in the United States, with $37.9 billion in assets. MidFirst Bank has locations in Arizona (Phoenix), Southern California, Colorado, Nevada, Oklahoma, Texas and Utah.

John M. Shelton (1853–1923) was an American rancher and banker. Born in Kentucky in the Antebellum South, he became a large landowner and banker in Texas in the postbellum era. He founded a bank and loan company. He established the Bravo Ranch in Hartley County, Texas. By 1915, he was the owner of 28,000 head of cattle and 500,000 acres in the Texas Panhandle.

The following is a timeline of the history of the city of Amarillo, Texas, USA.

References

  1. ↑ Snipes, Britt. "Amarillo National Bank finalizes purchase of Lubbock National Bank". NewsChannel 10. Retrieved February 27, 2020.
  2. ↑ "Locations & Hours | Amarillo National Bank". anb.com. Retrieved February 27, 2020.
  3. ↑ "Find ATM Locations | Amarillo National Bank".
  4. ↑ "Statement of Condition | Amarillo National Bank".
  5. ↑ "Amarillo National Bank". American Banker. August 28, 2016. Archived from the original on February 27, 2020. Retrieved February 27, 2020.
  6. 1 2 "ANB History | Amarillo National Bank". anb.com. Retrieved February 27, 2020.
  7. ↑ "The Best of the Texas Century—Business". Texas Monthly. January 20, 2013. Retrieved February 27, 2020.
  8. ↑ "Amarillo National Bank - Plaza One, Amarillo | 126554 | EMPORIS". Emporis . Archived from the original on March 6, 2016. Retrieved February 27, 2020.{{cite web}}: CS1 maint: unfit URL (link)
  9. ↑ "Amarillo National Bank - Plaza Two, Amarillo | 126553 | EMPORIS". Emporis . Archived from the original on February 27, 2020. Retrieved February 27, 2020.{{cite web}}: CS1 maint: unfit URL (link)
  10. ↑ "The Best of the Texas Century—Business – Texas Monthly".
  11. ↑ Local Newsamarillo.com Archived July 30, 2014, at the Wayback Machine
  12. ↑ "Top 100 Farm Lenders Ranked by Dollar Volume". American Bankers Association. Archived from the original on February 27, 2020. Retrieved February 27, 2020.
  13. ↑ Busamarillo.com Archived July 30, 2014, at the Wayback Machine
  14. ↑ Globe-News, Lisa Carr Amarillo. "ANB gives out $100-donation checks to employees". Amarillo Globe-News. Retrieved February 27, 2020.
  15. ↑ "Amarillo National Bank (Amarillo, TX)". www.anb.com. Archived from the original on April 12, 2014. Retrieved July 21, 2014.
  16. ↑ "TSHA | Ware, Benjamin Taliaferro".
  17. ↑ "Thriving Family Operator: Amarillo National's Richard Ware". American Banker. November 30, 2017. Retrieved February 27, 2020.
  18. ↑ "Amarillo National Bank Promotes William and Patrick Ware". KAMR - MyHighPlains.com. February 5, 2018. Retrieved February 27, 2020.
  19. ↑ "ANB History | Amarillo National Bank".
  20. ↑ "Our Team | Amarillo National Bank". anb.com. Retrieved February 27, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.