Texas Republic Bank is celebrating 15 years of community banking in Collin County.
The local bank has origins dating back to 1891, and it was acquired by a team of investors to become Texas Republic Bank in April 2011.
CEO David Baty said being a true community bank is defined by local ownership, local management and local decisions.
“If you have that, you have the true community bank,” Baty said. “If you don't have those ingredients, it doesn't matter what your name is, you're not a true community bank.”
What they offer
The bank offers full-service banking products such as loans, deposits, and IRA accounts, as well as physical safety deposit boxes.
Loans are the top requested service, with real estate encompassing 80% of the bank's loan portfolio, Baty said. They provide both residential and commercial real estate loans, which include home mortgages, home construction loans, lot development loans and funding to acquire retail strip centers.
For businesses that may not need to borrow money but require daily banking, Texas Republic Bank offers tailored deposit services. A major advantage they offer is waiving routine holds on large deposits, he said.
Zooming out
The investor group, when looking for a bank, decided to go to a small town in West Texas, buy a bank there and bring it to Frisco, which was seeing substantial growth, Baty said.
Since the 2011 acquisition, Texas Republic Bank has grown organically from 12 employees across two locations to a staff of 80.
It now operates branches in Frisco, Richardson, Celina, Pilot Point and Melissa, with a new location planned for Anna. It’s headquartered in Frisco.
The bank's expansion strategy is distinct, rather than targeting hot real estate markets, leadership hires established local bankers and builds branches around them, Baty said.
“We want to put a location with a banker who knows that market or has been working in that market or has following in that market,” he said.
- 2595 Preston Road, Ste. 100, Frisco
- 690 W. Campbell Road, Ste. 100, Richardson
- 1212 S. Preston Road, Ste. 100, Celina
- 2220 Sam Rayburn Highway, Ste. 100, Melissa
- www.texasrepublicbank.com
Editor's note: This story has been updated. Safety deposit boxes are available at some locations.
