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| Citizens National Bank of Texas |
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Overview:
Here Today. Here Tomorrow. Here Since 1868.
CNB of Texas was founded in 1868 and is the third oldest independent bank in Texas. It is a full-service bank that offers the same, many times better, services as major, nationwide banks, but has kept its hometown approach to listening to and meeting the needs of its customers and the communities it serves.
CNB of Texas has fifteen branches located in nine cities: Waxahachie, Midlothian, Maypearl, Red Oak, Italy, Venus, Cedar Hill, Kaufman, and Ennis.
Tomorrow’s Technology, Today.
Years ago, the board and senior officers of CNB of Texas realized that a new form of banking was on the horizon. The bank made a commitment not only to invest in the best electronic tools for customers to use, but also devoted its energies and finances for a technological infrastructure to safeguard and advance the capabilities of the bank.
With online Banking and online Bill Pay, we blend the latest in banking technology with personalized service and place it at your fingertips. A highly advanced security encryption program protects your online banking transactions. With Citizens National Bank of Texas, you can bank at home with confidence.
Serving Customers for More Than 141 Years.
As the area has seen unprecedented growth, so too has Citizens National Bank of Texas. Started in law offices as a resource for loans and a safe haven for savings, the bank was originally founded in 1868. CNB of Texas' assets have risen to more than $460 million and our branch network has expanded to include fifteen branches in nine cities.
Serving Citizens and Communities
No other bank, large or small, can match CNB of Texas’ record of participation in our communities. From the sponsorship of worthy causes, to our employees’ involvement in the community, which exceeds 15,000 hours of goodwill services, Citizens National Bank of Texas sets the standard as a major benefactor to charities and organizations. Giving back to the communities we serve is one of our primary responsibilities. |
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History:
The first chartered bank in Texas was founded on Galveston Island in 1847. Until after the Civil War, banks in Texas were basically private merchant-related businesses that happened to loan money or have a safe for people's valuables.
Citizens National Bank was founded in 1868 as Ferris and Getzendaner, Attorneys at Law and Bankers. The bank came into existence before Waxahachie was incorporated in 1871 and for many years was the only banking operation in North Texas. In June, 1884, the name of the financial institution became Citizens National Bank when it was capitalized as a national bank for $100,000.
At the turn of the century, Ellis County had become the largest cotton producing county in the United States. The population had grown 37% in the past decade and in 1905 Citizens National Bank and First National Bank merged under the name of Citizens National Bank of Waxahachie, the same name it kept for 100 years until it became Citizens National Bank of Texas because of its influence and respect throughout the state.
Since 1930, the bank has primarily been owned and led by four generations of the Singleton family. Colonel M.E. Singleton headed the bank out of the grip of the Great Depression and helped double deposits in the eight years he served until his death in 1938. He was honored by his children with the establishment of the M. E. Singleton Scholarship Trust in 1952 which has aided more than 500 students with an excess of $2 million in higher education financial assistance.
The Colonel's son, M.E. "Marvin" Singleton, Jr. assumed the leadership of the bank in 1938 and not only served as the bank’s President for almost 50 years, but also achieved high esteem as a leader in the community.
Upon Marvin's passing in 1987, he was succeeded by his son George H. Singleton who served as President until 1994 when his son, M.E. “Mark” Singleton III, took leadership of the bank. The bank has grown dynamically since the beginning of the millennium and now has 15 branches and more than $460 million in total assets. |
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Formerly known as:
Citizens National Bank In Waxahachie |
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