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Austin Bank history
Austin Bank company history timeline
Austin Bank has been serving East Texas since 1900.
They have personified banking in East Texas since 1909 when John F. Austin, Sr. became a founder of the First State Bank of Frankston.
The bank joined with Ubly and Bad Axe lending institutions in 1918 to form the Sleeper Banks.
Finan began his employment in 1918 making the Finan-Schmidt family leadership almost a century old tradition!)
A savvy, ambitious businessman who had his eye on financially expanding and evolving the small town, he dutifully served the community bank until his death in 1931.
In 1933, during the Great Depression, President Franklin D. Roosevelt declared a “Bank Holiday”, and the Emergency Banking Act was passed.
After 74 years, a new bank building was constructed one block west of the original building (our current location). On December 19, 1957, the doors were opened to the public.
With the purchase of First National Bank of Jacksonville in 1959 (name later changed to Austin Bank), Jeff Sr. also assumed the roles of President and Chairman.
In 1972 Sissy Austin joined the Bank as Vice President and Assistant Trust Officer.
Finan served in that position until his death in 1974.
In 1996 the separate banks were all renamed Austin Bank.
Seven Bank of America locations throughout the East Texas area were purchased in 1997.
The current bank underwent a total interior and exterior renovation in 1997 that incorporated a twenty-six foot extension at the rear of the existing building.
Upon his death in 1997, Jeff Austin, Jr. took over his position as Chairman of the Board.
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Austin Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Zions Bank | 1873 | $913.9M | 383 | 520 |
| TCF Financial | 1923 | $2.1B | 10,000 | - |
| Dollar Bank Federal Savings Bank | 1855 | $276.9M | 1,400 | - |
| Bank of the West | 1874 | $2.8B | 9,261 | - |
| U.S. Bank | 1863 | $202.1M | 70,000 | 2,052 |
| M&T Bank | 1856 | $499.3M | 16,840 | 953 |
| Fifth Third Bank | 1858 | $7.7T | 19,846 | 1,080 |
| BancFirst | 1984 | $237.0M | 1,501 | 93 |
| Columbia Bank | 1993 | $630.2M | 2,260 | 791 |
| Farmers & Merchants Bank | 1907 | $70.0M | 815 | 89 |
Austin Bank history FAQs
Zippia gives an in-depth look into the details of Austin Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Austin Bank. The employee data is based on information from people who have self-reported their past or current employments at Austin Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Austin Bank. The data presented on this page does not represent the view of Austin Bank and its employees or that of Zippia.
Austin Bank may also be known as or be related to Austin Bank, Austin Bank Texas National Association, Austin Bank, Texas N. A., Austin Bank, Texas NA and Austin Bank, Texas National Association.