Question 1

What is First Bank Texas?

Accepted Answer

First Bank Texas is a full-service independent community bank headquartered in Burkburnett, Texas. As Wichita County's oldest financial institution, the bank serves customers across North Texas and Southern Oklahoma with a focus on personalized banking solutions and long-term relationship building.

With approximately $692 million in total assets and 9 branch locations, First Bank Texas specializes in both personal and commercial banking services. The bank maintains a strong presence in the Wichita Falls metropolitan area while also serving communities in Aledo and Frisco, with mortgage loan production offices in Austin and Plano.

Question 2

When was First Bank Texas founded?

Accepted Answer

First Bank Texas was founded in 1907 by legendary Wichita Falls businessman Joseph A. Kemp. The bank originally opened under the name First National Bank of Burkburnett, starting with just $25,000 in assets.

The bank's founding coincided with the establishment of Burkburnett itself, which developed along the Wichita Falls and Northwestern Railway on land that Joseph A. Kemp and Frank Kell purchased from rancher Samuel Burk Burnett. In January 2000, the bank changed its name to "First Bank" to better position itself for future growth and expansion beyond its original community.

Question 3

Where is First Bank Texas headquartered?

Accepted Answer

First Bank Texas is headquartered in Burkburnett, Texas, a city in Wichita County located approximately 10 miles north of Wichita Falls. The bank's main office is located at 300 E 3rd Street in Burkburnett.

Question 4

Where does First Bank Texas operate?

Accepted Answer

First Bank Texas operates 9 offices across North Texas, serving customers in multiple communities throughout the region. The bank's branch network includes locations in Wichita Falls, Burkburnett, Iowa Park, Aledo, and Frisco.

In addition to its full-service branch locations, First Bank Texas maintains mortgage loan production offices in Austin and Plano to serve customers throughout Central and North Texas. The bank primarily serves the Wichita Falls metropolitan area and surrounding counties in North Texas, extending its reach to the Dallas-Fort Worth region through strategic branch locations.

Question 5

What services does First Bank Texas offer?

Accepted Answer

First Bank Texas provides comprehensive personal and commercial banking services designed for individuals, families, and businesses. Personal banking services include checking and savings accounts, money market accounts, IRAs, certificates of deposit (CDs), and consumer lending products.

The bank offers robust commercial banking services including business checking and savings accounts, commercial lending, and business financing solutions. First Bank Texas is particularly recognized for its mortgage lending expertise through its First Express mortgage lending program, which has established the bank as one of the top mortgage lenders in the Wichita Falls area.

Digital banking services include online banking, mobile banking apps with mobile check deposit capabilities, mobile wallet integration for Apple Pay and Google Pay, instant-issue debit cards, online bill payment, and e-statements. The bank was the first local financial institution in its market to offer state-of-the-art check imaging technology.

Question 6

What makes First Bank Texas unique?

Accepted Answer

First Bank Texas distinguishes itself through its deep historical roots and continuous community presence spanning over 118 years. The bank has played an instrumental role in supporting North Texas economic development through multiple historical periods, including the 1918 oil boom in Burkburnett, the construction of Sheppard Air Force Base in the 1940s, and the home building expansion of the 1990s.

As a locally owned and operated community bank, First Bank Texas makes lending decisions locally without requiring customers to call 800 numbers or speak with out-of-state representatives. The bank maintains strong financial performance with a return on assets (ROA) of 1.88% and return on equity (ROE) of 13.77%, demonstrating stability while preserving its community banking values.

The bank's historic connection to the famous Burkburnett oil boom was immortalized in the 1940 film "Boom Town" starring Spencer Tracy and Clark Gable, which was inspired by the story "A Lady Comes to Burkburnett." During the boom, the bank experienced extraordinary growth when a well drilled at the back door of the bank generated $10,000 monthly revenue.

Question 7

What type of financial institution is First Bank Texas?

Accepted Answer

First Bank Texas is a state-chartered community bank insured by the Federal Deposit Insurance Corporation (FDIC) under certificate number 3121. As a community bank, First Bank Texas emphasizes relationship banking with directors, officers, and employees who live and work in the communities they serve.

The bank operates as an independent community financial institution focused on serving local customers while maintaining the financial strength and stability expected of a century-old banking institution. First Bank Texas holds one of the oldest national bank charters in Texas, with roots tracing back to 1880 through various predecessor institutions that were consolidated over the years.

Question 8

How is First Bank Texas involved in the community?

Accepted Answer

First Bank Texas demonstrates extensive community involvement through multiple initiatives and programs. The bank operates a Casual for a Cause Program where employees raise funds for local charitable organizations, having recently supported Grace Ministries, The Hero House, and Big Country Veterans.

The bank has made significant philanthropic contributions, including a $30,000 donation to the Boys and Girls Club of Wichita Falls to enhance educational technology labs. First Bank Texas actively sponsors community events such as the annual Hotter'N Hell Hundred cycling event in Wichita Falls and supports local chambers of commerce throughout its service area.

Bank employees regularly serve in leadership positions within their local communities, and the institution maintains partnerships with organizations that support veterans, individuals with intellectual and developmental disabilities (IDD), and families in need of food and financial assistance.

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About First Bank Texas in the United States