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A Bank Rooted in the Community
1913 marked an important year in the History of Texas Gulf Bank. The Freeport National Bank planted its roots, receiving its charter and opening its doors with $50,000 in capital stock. Since that day, the bank has grown and thrived - moving locations, expanding, adding new banking centers, and changing its name. However, one thing remains the same - a community bank building strong foundations through strong relationships.
Timeline
Freeport National Bank receives its charter and opens with $50,000 in capital stock. The first building was located on W. Park Avenue in Freeport, Texas.
1913
Freeport National Bank begins issuing its own currency backed by the U.S. government. The National Currency Act required that each National Bank Note be signed by the Cashier and the bank's President or VP. The individual charters allowed the issuance of bank notes up to a maximum amount determined by Freeport's population. This process came to an end in 1935, when the Comptroller of the Currency shipped the last of the National Notes. Sample $5 Bill Sample $10 Bill Sample $20 Bill
1913
The Great Depression begins. Times are difficult in the United States, but the bank continues to thrive.
1929
The Banking Act of 1933 establishes the FDIC to provide regulatory oversight and deposit insurance to banks.
1933
World War II breaks out, providing a dramatic effect on the economy as spending on the war begins.
1941
Victory in Europe Day marks the end of the war, and United States bank assets are double their pre-war total.
1945
Diner's Club International is established, and consumers begin using the "credit card."
1949
Freeport National Bank moves from its original location to a larger building at 103 Cherry Street in Freeport. Deposits had grown to $4.5 million and loans were at $1.5 million.
1955
The bank changes its name to First Freeport National Bank.
1963
The first automatic cash dispenser (known today as an ATM) is installed in Barclay's Bank near London.
1967
First Freeport National Bank builds a new three-story building on the corner of Cherry Street and 2nd Street in Freeport, Texas.
1970
First Freeport Corporation, a bank holding company, is chartered to serve as a base to expand. By this year, deposits had grown to $30 million and loans were at $17.5 million.
1973
Chemical National Bank opens on the corner of Dixie Drive and Hwy 332 in Clute.
1976
Alvin National opens. This location was sold to Express Bank in 1992.
1980
First Freeport Corporation changes its name to Texas Gulf Bancshares, Inc. Wealth Management Services were also added to the bank's service offerings.
1982
Coastal National opens its doors at 1717 N. Velasco in Angleton.
1983
Texas Gulf Bancshares receives approval to merge its four subsidiary banks and all adopt the common name of Texas Gulf Bank, NA.
1990
The Lake Jackson branch is opened at 107 West Way.
1994
Texas Gulf Bancshares, Inc. acquires First Commerce Freeport on Brazosport Blvd. in Freeport.
1996
The Lake Jackson branch moves to its current location at 203 This Way.
2001
Texas Gulf Bank, NA opens its 6th location at 730 W. Brazos in West Columbia.
2004
Texas Gulf Bank, NA expands into Houston and opens its 7th location at 1626 S. Voss.
2009
The West Columbia banking center moves to its current location at 109 E. Brazos.
2010
Texas Gulf Bank, NA expands into Friendswood and opens its 8th location at 1100-B S. Friendswood Drive.
2010
The Friendswood banking center moves to its current location at 1003 S. Friendswood Drive.
2012
Texas Gulf Bank, N.A. expands into West U in Houston and opens its 9th banking center at 5600 Kirby Drive
2013
Texas Gulf Bank, N.A. opens its 10th location at 900 Town and Country Lane in Houston.
2015
The Freeport 2nd Street Banking Center merges with the existing Brazosport Boulevard location.
2017
