November 24, 2013

Community Bank of Burleson hits the century mark

According to the Federal Deposit Insurance Corp., more than 2,700 U.S. banks are still going 100 years after they or their predecessors were established.

Community Bank of Burleson threw itself a birthday party last week. It turned 100 years old Friday.

It also handed out some presents of its own. It matched, up to $1,000 each, fundraising efforts at six not-for-profits that used its lobby the past six weeks.

The way banks get into trouble these days, with multibillion-dollar settlements with regulators and flame-outs in the financial crisis, you might think that making it 100 years is a rarity.

Not to put a damper on anybody’s celebration, but it’s not rare at all. According to the Federal Deposit Insurance Corp., more than 2,700 U.S. banks are still alive and kicking 100 years after they or their predecessors were established.

The oldest bank in Texas, according to the FDIC, is Dallas-based Comerica Bank, established in 1849. But they moved here from Detroit in 2007, which hardly qualifies as “got here as soon as I could” in our book.

The oldest real Texas bank (that’ll get us in trouble) is Waxahachie’s Citizens National Bank of Texas, chartered in 1868. The next oldest is in Weatherford, where First National Bank and Trust Co. dates to 1880.

Also celebrating an anniversary this year: the National Bank of Texas, marking its 40th year in Fort Worth. Opened in 1973 on the north side, the National Bank of Texas continues to be locally owned and serves Fort Worth, Hurst, Burleson and Azle. It held a special reception for its Fort Worth customers last week.

Dealership expands

After three years of work and planning, Grapevine Ford Lincoln opens its new two-story showroom and dealership today on Texas 114, completing an expansion that included swapping buildings with Texas Toyota.

The new 82,000-square-foot facility includes 72 service stalls, a Quick Lane Tire and Auto Center, free charging stations for electric vehicles and a restaurant called the Mustang Cafe. A 10,000-square-foot Lincoln showroom will also open across the driveway.

With the expansion, the dealership has added 50 jobs.

Grapevine Ford Lincoln is owned by the VanTuyl Group, the nation's largest privately owned automotive group.

Motley honored

Business executives who agree to serve in top leadership positions at their industry organizations generally put in a lot of extra work for not much reward.

David Motley, president of Fort Worth-based Colonial Savings, has headed the Mortgage Bankers Association’s residential board of governors the past two years, helping formulate policies for home mortgages at a time when the shock waves of the housing bust and financial crisis were still echoing. The association recognized that service recently with its highest honor, the Andrew D. Woodward Distinguished Service Award.

MBA’s chairman, E.J. Burke, said Motley continually worked to advance the industry’s interests. The award aims to recognize service to the association and the mortgage ndustry in legislative and regulatory activities.

Motley has been president of Colonial Savings since 2009 and has been with the mortgage lender for 30 years. Colonial has about $1 billion in total assets, and its mortgage arm, Colonial National Mortgage, is one of the nation’s largest servicers of residential mortgages with a portfolio of more than $14 billion.

Bank donation

Bank of America last week announced a $100,000 grant to Cook Children’s Medical Center in Fort Worth. The money aims to support efforts to address health needs, including access to care, asthma, child abuse, dental health, mental health, obesity and safety.

Cook Children’s formed the Center for Children’s Health to direct collaborations on health issues affecting children.

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