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First United Bank history
First United Bank company history timeline
First United Bank & Trust Company was chartered on October 2, 1900, as Durant National Bank.
ABOUT FIRST UNITED: Established in 1900, First United Bank has more than 35 community banks throughout North Texas and Oklahoma.
J.S. Chesnutt of First National Bank of Amarillo joined the board soon thereafter in July 1907.
Its historic building at 2nd and Main in Durant was built in 1916, and under the leadership of John Massey, the facility was donated to Southeastern Oklahoma State University.
Rubye McLean, wife of Bruce McLean, succeeded him as President and served until her death in March 1953.
In 1957, the Bank built a new building on the corner of Bedford and 3rd Street.
In May, 1963, the Lake Community Office opened, situated along the water’s edge of Deep Creek Lake, was called America’s First Banking by Boat Office by many who wrote about its existence.
In 1963 Durant National Bank was renamed to Durant Bank & Trust, becoming one of the first banks in Oklahoma to have full trust powers.
New branch opens in Grantsville, Maryland, expanding the area First United serves in July 1964.
State Senator John Massey joined the DB&T Board of Directors in 1966.
In 1977, under the helm of Bob McLean, the Bank built yet another new building at 201 N. Broadway.
On April 1, 1982, after operating the Bank for 75 years, the McLean family sold The First State Bank of Dimmitt to B.E. Lloyd of Muleshoe, TX. Mr.
In November 1982, First United opens another new location in Cumberland Maryland on West Harrison Street.
In 1983, First United merged with Cumberland Savings Bank and changed our name to First United National Bank & Trust.
January 28, 1985, First United moves to a new location in Bel Air, Maryland.
Bel AirJanuary 28, 1985, First United moves to a new location in Bel Air, Maryland.
He was appointed chairman of the board in 1986, and at that time, he also became the majority shareholder and CEO. The bank soon grew from 24th to 4th in the state under his leadership.
In February 1987, Ray M. Bain and a small group of investors purchased the Bank from Mr.
In 1987, Senator Massey became the majority shareholder & CEO of Durant Bank & Trust in 1987; the bank at this time was just under $100 million in assets.
In May 1988, First United merges with First National Bank of Piedmont, adding the current Tri-Towns Community Office to the First United Bank & Trust family!
On January 26, 1989, the Bank expanded into Lamb County by acquiring Citizen’s State Bank of Earth from the FDIC in a failed bank transaction.
Mark Bain recounts a story in early 1989 when he and Ray met a borrower in a hotel room in Lubbock, TX to negotiate a settlement of his debts with the failed Citizen’s State Bank in Earth, TX . The two parties negotiated to within $10,000 when they hit an impasse.
First United opens a branch in Keyser, West Virginia in December 1990.
On January 24, 1991, the Bank expanded into Gaines County with the acquisition of The First National Bank of Seagraves.
Bain joined the Bank in December 1992.
On October 1, 1994, the Bank’s name was changed from The First State Bank of Dimmitt to First United Bank.
On November 14, 1994, First United celebrated the grand opening of the new Riverside Community Office in Frederick, Maryland on Monocacy Boulevard.
In November, 1995, First United consolidated with Myersville bank, adopting the slogan My Bank!
On November 17, 1995, First United opened a new location in Hagerstown Maryland on South Edgewood Drive.
On April 1, 1996, the Bank established its first de novo Banking Center and its second Lubbock location by expanding into south Lubbock with the formation of the Lubbock-Southwest Banking Center.
Schaeffer joined the Board of Directors in May 1996.
On June 15, 1998, the Bank moved into its new Lubbock-Southwest Banking Center located at 66th & Frankford Ave.
On July 15, 2000, the Bank further expanded its presence in Lamb County with the acquisition of The First National Bank of Sudan and its branch in Littlefield, TX.
On December 4, 2000, First United’s Lake office in McHenry moves to a new, beautiful location.
Total assets exceeded $240 million at year end 2000.
In July 2003, construction of the new Seminole Banking Center was completed.
In 2003, Greg Massey was named CEO after working for his father’s company for 13 years and helps the bank grow to 18 locations in Oklahoma.
On May 24, 2004, the Bank established its second Amarillo location with the creation of a de novo Banking Center in southwest Amarillo.
Total assets at the end of 2004 were approaching $380 million.
First United begins expansion into Morgantown with a new office in Sabraton, West Virginia on February 28, 2005.
In October 2005, the Bank’s logo was updated to better reflect its West Texas heritage and roots.
On November 14, 2005, the Bank again expanded its presence in Amarillo by establishing a de novo Banking Center.
Total assets of the Bank were $465 million at year end 2005.
First United continues its Morgantown, West Virginia expansion with a new office in Star City that opened in December 2006.
On January 1, 2007, the Bank expanded into Dawson County with the acquisition of The First National Bank of Lamesa.
Wesel Blvd.Market expansion continues in Hagerstown, Maryland with a new location on Wesel Boulevard which opened on March 19, 2007.
On March 7, 2007, the Bank marked its 100th year anniversary.
In March 2007, the Bank completed its extensive renovations of the Lubbock-Northwest Banking Center.
In September 2007, First United’s offers its first Express location with drive-up services
My Bank ExpressIn September 2007, First United’s offers its first Express location with drive-up services
Expanding available digital solutions for customers, First United begins offering online personal account opening on October 18, 2008.
April 2009 marked the completion of the extensive renovation of the Littlefield Banking Center.
First United moves its Keyser office to a new, beautifully constructed building in December of 2010.
December 2010 marked the completion of the extensive renovation of the Lubbock-Southwest Banking Center.
On August 22, 2011, the Bank expanded into Wichita County with the establishment of a de novo Banking Center in Wichita Falls, TX, located in Parker Square Shopping Center.
First United begins offering personal mobile banking, allowing customers to access their accounts on-the-go in late 2011.
On January 23, 2012, the Bank established its third Lubbock location by creating a de novo Banking Center at 98th & Indiana Ave.
Total Equity Capital surpassed the milestone of $100 million in August 2012.
In June 2013, the First United Bank Board of Directors expanded with the addition of the following new Directors: Jim Bradford, Donny Carpenter, Mark Nichols, Stacey Morris-Potter and R. Scott Bentley.
In June 2013, R. Mark Bain (50) is named Vice-Chairman of the Board and Chief Executive Officer of Plains Bancorp, Inc. and First United Bank.
In January 2014, new branding as well as a new tagline, “The Spirit of West Texas” was introduced.
In November and December, 2014 the Bank began the tradition of the “Spirit of Generosity” campaign.
In April 2015, First United Bank became one of the first four community banks in the country to offer its mobile banking app on the Apple Watch.
In August 2015, the Bank began the tradition of the “Community Spirit” campaign.
In December 2015, First United Bank introduced its first Interactive Teller Machine (ITM) named TellerChat.
Durant, Okla. - First United Bank and Trust is celebrating a historical milestone in 2015 as it marks its 115th year of business in Durant.
January 1, 2016, Carissa L. Rodeheaver is promoted to Chairman of the Board, Chief Executive Officer and President.
April 25, 2016, First United opens a new, state-of-the-art branch of the future” in the old Cannery building in Frederick
In September 2016, upon making a gift of $750,000, First United Bank acquired exclusive naming rights to Lubbock-Cooper Independent School District’s athletic facilities (Football, Track & Field, Baseball & Softball). The entire athletic complex was renamed First United Park.
In January 2017, the Bank rebranded its Mortgage loan division as Spirit Mortgage.
On November 15th, 2018, First United Bank was recognized by members of the Association of Fundraising Professionals as Lubbock’s 2018 Outstanding Philanthropic Organization.
First United Named Greatest in Garrett CountyAwarded in September 2020 by The Garrett County Republican Our goal as an organization has always been to exceed expectations.
© 2021 First United Bank & Trust.
© 2021 First United Bank.
Awarded by Executive Alliance in June 2022
Awarded in 2022 by Morgantown Area Partnership
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First United Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Security Bank | 1932 | $150.0M | 901 | 15 |
| Amarillo National Bancorp Inc | - | $150.0M | 580 | - |
| Bank of the Ozarks | 1903 | $37.1B | 2,315 | 221 |
| BancFirst | 1984 | $237.0M | 1,501 | 81 |
| North American Savings Bank | 1927 | $113.3M | 463 | 15 |
| First State Insurance, LLC | 1906 | $15.0M | 100 | 5 |
| BancorpSouth | 1876 | $775.0M | 4,693 | - |
| Southern Bank and Trust Company | 1901 | $230.0M | 750 | 5 |
| Bank of Hawaii | 1897 | $655.2M | 2,122 | 105 |
| Frost Bank | 1868 | $1.4B | 4,685 | 134 |
First United Bank history FAQs
Zippia gives an in-depth look into the details of First United Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First United Bank. The employee data is based on information from people who have self-reported their past or current employments at First United 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 First United Bank. The data presented on this page does not represent the view of First United Bank and its employees or that of Zippia.
First United Bank may also be known as or be related to FIRST UNITED BANK AND TRUST, First United Bank and First United Bank and Trust Company.