American National Bank of Texas

Last updated
American National Bank of Texas
Company typePrivately Owned
Industry Banking
Financial services
Founded1875;149 years ago (1875)
Headquarters Terrell,
Texas
,
United States
Area served
 North Texas
Key people
  • Robert A. Hulsey
  • (President & CEO)
Products
  • Personal Banking
  • Business Banking
  • Wealth Management
Website www.anbtx.com/

American National Bank of Texas (ANBTX) is an independently owned community bank with 28 branches in North Texas, providing personal and business banking services. It also offers asset management, financial planning, investment services, and trust and estate services through ANBTX Wealth Management. [1]

Contents

Founded in 1875, ANBTX reports over $6.1 billion in total assets, and ranks as the 16th largest bank based in Texas, according to size of total assets as of December 31, 2023. [2] It is a member of the Federal Deposit Insurance Corporation (FDIC), and participates in the Deposit Insurance Fund (DIF). [3]

Headquartered in Terrell, Texas, the bank has locations in Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt counties. Robert A. Hulsey has been president and CEO of ANBTX since 1989.

Charter

Formerly named American National Bank of Terrell, the bank’s current charter dates to July 1, 1981, as a commercial bank, [3] with a federal charter supervised by the Office of the Comptroller of the Currency (OCC).

History and predecessors

The predecessor of ANBTX—Waters, Bivins & Corley Bank—was the first bank founded in Terrell on November 22, 1875. [4] The bank’s building was destroyed by a fire in 1882, but bank records and securities were protected in the bank’s vault. The bank relocated to Moore Avenue in Terrell; today that location houses the Terrell banking center for ANBTX. After some early partners joined and left the bank, the bank merged with Harris Bank and renamed itself Harris National Bank in 1895. In 1903, the bank changed its name to the American National Bank of Terrell. In 1930, the American National Bank of Terrell merged with federally chartered local bank First National Bank. [5] In 1995, American National Bank of Terrell changed its name to its current name, American National Bank of Texas.

Major acquisitions

The Bank of Van Zandt: American National Bank of Texas merged with The Bank of Van Zandt, located in Canton, TX, in 1999. [6] The merger increased ANBTX assets to more than $650 million at the time. [7]

Branches of Benchmark Bank: ANBTX acquired five branch locations of Benchmark Bank in October 2002, in Quinlan, Greenville, Royse City, and Lone Oak, TX. [8]

Sleeper, Sewell & Co.: Acquired by ANBTX in 2006, Sleeper Sewell offers personal and commercial insurance, group and individual health coverage, and risk management services. It currently operates as a division of ANBTX Insurance Services Inc., which is a wholly owned subsidiary of ANBTX. Sleeper Sewell was founded in 1962 by Dwight Sleeper and is headquartered in Dallas. [9]

Citizens National Bank: ANBTX expanded operations into Tarrant County by purchasing Bryant-Irvin Bancshares and its subsidiary Citizens National Bank in 2008. Citizens National Bank based in Fort Worth, TX, reported $140 million in total assets at the time of the acquisition. [10]

Dallas National Bank: In 2008, ANBTX acquired Dallas National Bank and its holding company DNB Bancshares. Dallas National Bank had $85 million in assets at the time of the acquisition. The purchase increased the number of ANBTX locations to 28. [11]

Media recognition

The Dallas Morning News has named ANBTX on its annual “Top Workplaces D-FW” list from 2009 to 2023. [12] This is the 14th time ANBTX has achieved this significant recognition as a top employer in the Dallas-Fort Worth Metroplex. The newspaper conducts employee surveys, studies employee turnover rates and uses other statistical measures to compile its annual list.

In 2012, ANBTX was named as one of the “Top 10 Best Companies for Employee Financial Security” by Principal Financial Services. [13] An independent panel from the employee benefits and human resources industries judged entries and selected the 10 companies for the award, [14] working with the public opinion and market research firm of Mathew Greenwald & Associates. [15]

Timeline

Locations

As of May 2024, ANBTX reported having locations in the following North Texas markets:

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References

  1. ↑ "2022 Statement of Condition" (PDF). Retrieved 2022-08-10.
  2. ↑ Top 100 Banks in Texas by Asset Size as of December 31, 2023
  3. 1 2 "The American National Bank of Texas in city_name, state_name - Detailed Financial Reports, Location" . Retrieved 5 July 2016.
  4. ↑ "The American National Bank of Terrell" . Retrieved 5 July 2016.
  5. ↑ "Historic buildings in Terrell, Texas". Archived from the original on 2015-02-25. Retrieved 2013-03-25.
  6. ↑ "The Bank of Van Zandt". Texas Department of Banking. Retrieved 12 October 2023.
  7. ↑ "Court papers show NationsBank's thinking about its Texas merger - Dallas Business Journal" . Retrieved 5 July 2016.
  8. ↑ "Benchmark's rankings nice, but misleading - Dallas Business Journal" . Retrieved 5 July 2016.
  9. ↑ "Overview of Sleeper Sewell Insurance from Insurance News Net". Archived from the original on 2014-03-25. Retrieved 2013-03-25.
  10. ↑ American National buying Citizens National Bank, Dallas Business Journal, June 13, 2007
  11. ↑ Dallas National Bank Agrees to Sale, Dallas Business Journal, Sept. 19, 2007
  12. ↑ "Dallas-Fort Worth metro area Top Workplaces 2023" . Retrieved 12 May 2024.
  13. ↑ "Profile of ANBTX by Principal Financial Services". Archived from the original on 2013-08-16. Retrieved 2013-03-25.
  14. ↑ The Principal 10 Best, overview from Principal Financial Services]
  15. ↑ "Greenwald & Associates - Home" . Retrieved 5 July 2016.
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