Contact: Ashley Freer
Balcom Agency, 817-877-9933
FORT WORTH, Texas – July 27, 2012 – Southwest Bank today announced that the bank's total assets at the end of the second quarter of 2012 reached the $1 billion mark for the first time in the company’s nearly 50-year history.
Southwest Bank was purchased in 2007 by First Texas BHC, Inc., a Tarrant County-based holding company with more than 400 local shareholders. At that time the bank’s assets were $313,641,000. Under the new leadership, Southwest Bank has shown steady growth, ending the second quarter of 2012 with $1,019,502,000 in assets.
Southwest Bank has built a customer-centered organization focused on meeting the needs of North Texas residents. In five years, Southwest Bank has opened seven new banking centers and remodeled all of the bank’s previously existing locations. Today Southwest Bank has 12 banking centers with a new location opening at 4100 International Plaza in southwest Fort Worth in August.
“We thank our loyal customers, shareholders and employees here in North Texas for helping us reach such an exciting milestone,” said Vernon Bryant, Southwest Bank’s chairman and CEO. “Fostering a culture of excellence, investing in key technology and building lasting relationships has led to a strong financial position, which has made our ability to service our customers even stronger. We’re proud of our accomplishment, but even more excited about the future.”
About Southwest Bank
With 12 banking centers in North Texas, Southwest Bank is the largest, locally owned, independent commercial bank in Tarrant County. Additionally, Southwest Bank’s Mortgage Department has offices in Fort Worth, Dallas and Austin. Southwest Bank believes in building loyal, lasting relationships with its customers through personalized service, honesty and integrity. For more information, visit www.southwestbank.com.