Question 1

What is Pecos County State Bank?

Accepted Answer

Pecos County State Bank is a community-focused state-chartered commercial bank headquartered in Fort Stockton, Texas. With approximately $295 million in total assets and 5 branch locations across West Texas, the bank specializes in commercial lending while serving the diverse banking needs of individuals, businesses, and agricultural operations in the Pecos County region and surrounding communities. The bank operates with a focus on personalized customer service and has built a strong reputation in rural West Texas over nearly a century of continuous service.

Question 2

When was Pecos County State Bank founded?

Accepted Answer

The bank's charter was dated March 22, 1928, and it officially opened for business on July 3, 1928. The institution began operations in the old First State Bank building located on the corner of First and Main in Fort Stockton, Texas, with an opening capital of $25,000 and a surplus of $6,250.

The first officers were J.M. Montgomery (President), H.L. Winfield (Vice President), F.A. Stubblefield (Cashier), and F.H. Felps (Assistant Cashier). The founding board of directors included prominent local stockholders such as J.M. Montgomery, H.L. Winfield, F.A. Stubblefield, J.H. Felps, S.S. Harris, John W. Rotan, J.S. Oates, Niemann, and F.S. Wilson.

In July 1935, the bank expanded by purchasing the First National Bank of Fort Stockton. The bank moved to its current location at 500 North Main Street in October 1960, where it continues to operate today.

Question 3

Where is Pecos County State Bank headquartered?

Accepted Answer

The bank is headquartered at 500 North Main Street in Fort Stockton, Texas, located in Pecos County. The bank has maintained this address since October 10, 1960, when it opened its new building at this location with 7 officers and 14 employees.

Question 4

Where does Pecos County State Bank operate?

Accepted Answer

Pecos County State Bank operates 5 branch locations across rural West Texas, serving communities in multiple counties. The bank's geographic footprint includes:

Fort Stockton (Pecos County) - Main headquarters location at 500 North Main Street and a motor bank facility on Dickinson Boulevard

Sanderson (Terrell County) - Branch at 216 West Oak, acquired through FDIC-assisted transaction in December 2008

Sierra Blanca (Hudspeth County) - Branch at 101 Sierra Blanca Avenue, opened in April 2012

Van Horn (Culberson County) - Branch at 1800 West Broadway, Suite 316, opened in June 2012

These acquisitions expanded the bank's deposits from $128 million to $168 million as of year-end 2012, extending its community banking services throughout far West Texas.

Question 5

What services does Pecos County State Bank offer?

Accepted Answer

Pecos County State Bank provides a comprehensive range of banking services for both personal and business customers:

Personal Banking: Checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), personal loans, automobile financing, and real estate mortgages.

Business Banking: Business checking and savings accounts, commercial loans, commercial real estate financing, and treasury management services.

Specialized Lending: Agriculture loans for farmers and ranchers, reflecting the bank's deep roots in West Texas agricultural communities. Personal, business, agriculture, and real estate loans are core offerings.

Trust Services: The bank exercises fiduciary powers and operates a trust department that handles trust administration and estate settlement services.

Digital Banking: Online banking with account alerts via email or mobile device, mobile banking app available on iOS and Android platforms with features including balance inquiries, account activity viewing, funds transfers, card management, and branch/ATM locators. The bank provides email statements and comprehensive internet banking services.

Additional Services: ATM network access, debit card services with advanced card management tools, and secure digital payment capabilities.

Question 6

What makes Pecos County State Bank unique?

Accepted Answer

Several distinctive characteristics set Pecos County State Bank apart in the West Texas banking landscape:

Nearly Century-Long Heritage: Founded in 1928, the bank has operated continuously for over 95 years, celebrating its 90th anniversary in July 2018. This longevity demonstrates stability and deep community roots.

Strategic Growth Through FDIC Assistance: The bank successfully bid to acquire Sanderson State Bank in December 2008 during the financial crisis, marking its first expansion outside Fort Stockton and demonstrating financial strength during challenging economic times.

Community-Focused Expansion: Rather than rapid growth, the bank has expanded deliberately into underserved rural communities in Van Horn and Sierra Blanca, bringing full-service banking to areas with limited financial institution presence.

Strong Financial Performance: The bank maintains a robust Return on Assets (ROA) of 1.72% and Return on Equity (ROE) of 21.59%, significantly above industry averages, indicating efficient operations and strong profitability.

Local Ownership and Governance: Operated by Pecos County Bancshares Inc., the bank maintains local decision-making with 9 directors and leadership deeply connected to the West Texas community. Current President and CEO George H. Hansard has led the institution since 2005.

Agricultural Expertise: With specialized knowledge in agriculture and ranching lending, the bank serves the unique financing needs of West Texas farmers and ranchers, a critical economic sector in the region.

Community Landmarks: The bank owns and maintains the historic "5th Street House" (formerly the Montgomery Ward Catalog House), a prefab house brought to West Texas by train, which the bank uses for social events. The bank also donated property for the Fort Stockton Public Library.

Question 7

What type of financial institution is Pecos County State Bank?

Accepted Answer

Pecos County State Bank is a State-Chartered Commercial Bank with a commercial lending specialization. As a state bank, it operates under a Texas state charter (Charter Number 1561-31) and is regulated by both the Texas Department of Banking and the Federal Deposit Insurance Corporation (FDIC).

The bank is classified as a community bank with commercial lending focus, meaning it emphasizes relationship banking and serves the comprehensive financial needs of its local market while maintaining particular expertise in commercial, agricultural, and business lending. The institution is FDIC-insured (Certificate #13006), organized as an S-Corporation for tax purposes, and exercises fiduciary powers through its trust operations.

Unlike national banks chartered by the Office of the Comptroller of the Currency, Pecos County State Bank operates under state banking regulations while maintaining FDIC membership for deposit insurance. The bank is not a member of the Federal Reserve System but maintains correspondent banking relationships to provide full-service capabilities to its customers.

Pecos County State Bank

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About Pecos County State Bank in the United States