Question 1

What is First State Bank of Texas?

Accepted Answer

First State Bank of Texas is a community bank headquartered in Orange, Texas, with approximately $357 million in total assets. Operating within the Beaumont-Port Arthur metropolitan statistical area in southeast Texas, the bank serves customers throughout Orange County and surrounding regions with traditional banking services focused on personal and business relationships.

The bank operates as a subsidiary of a bank holding company and maintains a strong community banking presence with six full-service branches. First State Bank of Texas combines over a century of banking heritage with modern financial services to meet the evolving needs of its customer base.

Question 2

When was First State Bank of Texas founded?

Accepted Answer

First State Bank of Texas opened its doors on August 12, 1914. The bank was originally chartered and operated as Live Oak County State Bank in its early years.

On May 23, 1932, during the challenging years of the Great Depression, the bank adopted its current name, First State Bank of Texas. Throughout its history, the institution has demonstrated remarkable resilience and stability, never closing its doors to customers despite enduring the Great Depression, numerous recessions, floods, oil industry downturns, and real estate market challenges.

Previous stockholders have included prominent figures such as John Nance Garner, who served as Vice President of the United States under Franklin D. Roosevelt. On August 12, 2016, First State Bank of Texas began a new chapter under new ownership with an expansion strategy to grow into new markets beyond its historical base.

Question 3

Where is First State Bank of Texas headquartered?

Accepted Answer

First State Bank of Texas is headquartered in Orange, Texas, 77630, located in Orange County. The bank's operations are centered in the Beaumont-Port Arthur metropolitan area of southeast Texas.

Question 4

Where does First State Bank of Texas operate?

Accepted Answer

First State Bank of Texas operates six full-service branches across southeast Texas. The bank maintains locations in Orange (the headquarters and main office), Beaumont, Vidor, Three Rivers, and The Woodlands.

The bank's expansion beyond its original Orange County base began in November 2016 with the opening of a Beaumont branch to service the broader southeast Texas region. This strategic expansion allows First State Bank of Texas to serve customers across a wider geographic area while maintaining its community banking focus and personalized service approach.

The branch network positions the bank to serve both established communities and growing areas, providing convenient access to banking services throughout the region.

Question 5

What services does First State Bank of Texas offer?

Accepted Answer

First State Bank of Texas provides comprehensive consumer, agricultural, business, and commercial financial services. Personal banking products include various checking accounts (including Freedom Checking), savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.

Lending services encompass consumer loans, auto loans, home mortgages, home equity loans, and personal lines of credit. The bank has particular experience serving customers purchasing their first homes as well as refinancing existing properties to secure better terms.

Business and commercial banking includes business checking and savings accounts, commercial loans, commercial real estate financing, equipment loans, agricultural lending, and lines of credit. The bank's commercial services support businesses across various industries throughout its market area.

Agricultural lending represents an important component of the bank's services, reflecting its roots in Live Oak County and continuing commitment to supporting agricultural customers in rural Texas communities.

Digital banking services include online banking platforms and mobile banking applications that enable customers to manage accounts, transfer funds, pay bills, and access banking services remotely. The bank offers online account opening for customer convenience.

Additional services include debit cards, ATM access, wire transfers, safe deposit boxes, cashier's checks, and various treasury management solutions for business customers.

Question 6

What makes First State Bank of Texas unique?

Accepted Answer

First State Bank of Texas distinguishes itself through exceptional longevity and stability, having served Texas communities continuously since 1914. The bank's record of never closing its doors to customers—even during the Great Depression and numerous economic downturns—demonstrates extraordinary financial strength and commitment to its customer base.

The institution's history includes connections to prominent Texas political figures, including former Vice President John Nance Garner, reflecting the bank's deep roots in Texas history and community leadership.

Under new ownership since 2016, the bank has pursued strategic growth while maintaining its community banking values. The expansion into new markets demonstrates management's vision for sustainable growth that extends the bank's services to additional communities while preserving the personalized approach that has characterized the institution throughout its history.

First State Bank of Texas takes pride in serving communities with hometown values, emphasizing long-term customer relationships over transactional banking. The bank's mission centers on being a visible and supportive presence in the social and economic well-being of each community it serves.

Question 7

What type of financial institution is First State Bank of Texas?

Accepted Answer

First State Bank of Texas is a state-chartered commercial bank regulated by the FDIC. The bank operates under a Texas state charter and is not a member of the Federal Reserve System.

As a community bank, First State Bank of Texas focuses on traditional banking relationships for consumer, agricultural, business, and commercial customers within its southeast Texas market area. The bank is organized as a subsidiary of a bank holding company, which provides strategic oversight while allowing the bank to maintain its community-focused operations and local decision-making capabilities.

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