Question 1

What is State National Bank of Big Spring?

Accepted Answer

State National Bank of Big Spring is a community-focused commercial bank serving West Texas. With approximately $577 million in total assets and $521 million in deposits, it operates as a federally chartered national bank regulated by the Office of the Comptroller of the Currency (OCC) and is a member of the Federal Reserve System.

The bank specializes in agricultural lending, commercial real estate, and commercial and industrial loans, with a notable concentration in farm loans that significantly exceeds the average for Texas banks. It is held by SNB Financial Inc. and maintains a strong financial position with a Return on Assets of approximately 1% and Return on Equity of 17%.

Question 2

When was State National Bank of Big Spring founded?

Accepted Answer

State National Bank of Big Spring was chartered in January 1909 and opened for business on March 1, 1909, at 204 Main Street in Big Spring, Texas. The bank was originally organized as The First State Bank of Big Spring and converted to a national bank charter in 1924, at which point it was renamed The State National Bank of Big Spring.

The founding officers in March 1909 were C.D. Read (President), A. Biney Jones (Vice President), and T.S. Currie (Cashier and Manager). The original board of directors included E.D. Bell, T.S. Currie, William B. Currie, William Fisher, A. Biney Jones, C.D. Read, and A.C. Walker. The bank became FDIC insured on January 1, 1934.

Question 3

Where is State National Bank of Big Spring headquartered?

Accepted Answer

State National Bank of Big Spring is headquartered at 901 S. Main Street in Big Spring, Texas. The bank has occupied this location since May 1979, having previously operated from 204 Main Street (1909-1934) and 124 Main Street (1934-1979).

Big Spring is located in Howard County in West Texas.

Question 4

Where does State National Bank of Big Spring operate?

Accepted Answer

State National Bank of Big Spring operates three branch locations across West Texas:
• Big Spring - 901 S. Main Street, Big Spring, TX 79721 (headquarters)
• Lamesa - 801 N 4th Street, Lamesa, TX 79331
• O'Donnell - 819 Baldridge St, O'Donnell, TX 79351

All three branches serve the West Texas region, focusing on rural communities in Howard and Dawson counties. The bank's service area is centered in the Big Spring metropolitan statistical area.

Question 5

What services does State National Bank of Big Spring offer?

Accepted Answer

State National Bank of Big Spring provides a comprehensive range of banking services for personal and business customers:

Personal Banking: Checking accounts, savings accounts, money market accounts, certificates of deposit, and consumer lending options including home loans, auto loans, and personal loans.

Business Banking: Commercial checking and savings accounts, business loans, commercial real estate financing, and agricultural lending services tailored to West Texas farmers and ranchers.

Lending Services: The bank specializes in commercial real estate loans (33.86% of loan portfolio), commercial and industrial loans (16.92%), and farm loans (12.91%). Additional lending includes construction and development loans, 1-4 family residential mortgages, and consumer auto loans.

Digital Banking: State National Bank offers a mobile banking app available on both iOS and Android platforms, featuring account balance viewing, mobile check deposit, fund transfers, bill pay, branch and ATM locators, and biometric authentication (Touch ID, Face ID, fingerprint). Online banking through www.statenational.bank provides 24/7 account access, bill payment, and account management capabilities.

Question 6

What makes State National Bank of Big Spring unique?

Accepted Answer

State National Bank of Big Spring distinguishes itself through its deep roots in West Texas and specialized focus on agricultural banking. With over 115 years of community banking experience, the bank has maintained multi-generational leadership, with the Currie family guiding the institution through three generations of presidents.

The bank's loan portfolio reveals its agricultural expertise, with farm loans comprising 12.91% of total loans—significantly higher than typical Texas banks. This specialization reflects the bank's understanding of the unique financial needs of West Texas farmers and ranchers.

The bank uses the secure .bank domain (statenational.bank) rather than a traditional .com address, demonstrating a commitment to enhanced online security. This verified domain is only available to legitimate financial institutions and includes stronger security requirements to protect customer information.

State National Bank emphasizes community investment, positioning itself as "more than a bank" by actively supporting local schools, businesses, and community futures throughout West Texas.

Question 7

What type of financial institution is State National Bank of Big Spring?

Accepted Answer

State National Bank of Big Spring is a National Bank—a commercial bank operating under a federal charter granted by the Office of the Comptroller of the Currency (OCC). As a federally chartered institution, it is supervised by the OCC and is a member of the Federal Reserve System.

The bank operates as an S-Corporation (S-Corp) for tax purposes and is classified as "Other Specialized Under 1 Billion" by regulatory agencies, reflecting its focus on specialized lending activities, particularly agricultural and commercial lending, while maintaining total assets under $1 billion. Its FDIC Certificate number is 3103, and its routing number is 111302370.

Question 8

What is State National Bank of Big Spring's leadership history?

Accepted Answer

State National Bank of Big Spring has maintained remarkable leadership continuity throughout its history. William B. Currie became president after the founding officers, eventually passing leadership to T.S. Currie. Robert W. Currie, son of T.S. Currie, served as President from 1951 to 1974.

His son, John Currie, continued the family legacy as president from 1974 to 1988. Jim Purcell then served as President from 1988 to 2012, when he became Chairman of the Board and Richard Steel was named President.

In March 2022, Richard Steel transitioned to Chairman of the Board, and Justin Myers was named President. Myers had previously served as Senior Vice President and has been with State National Bank since 2003, ensuring continuity of the bank's community-focused approach.

State National Bank of Big Spring

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About State National Bank of Big Spring in the United States