Jump to content

Western National Bank

From Wikipedia, the free encyclopedia
Western National Bank
Company typePrivate
IndustryBanking
Financial services
Investment services through WNB Private Client Services
Founded1977 (1977)
DefunctJune 20, 2014 (2014-06-20)
FateMerged
SuccessorFrost Bank
Headquarters,
Number of locations
8 branches
Area served
Odessa, TX, Midland, TX, San Antonio, TX
Key people
Products
Total assets$1.1 billionUSD (March 31, 2011)
Total equity$92.1 million USD
OwnerWNB Bancshares, Inc.
Number of employees
170 (2014)

Western National Bank (WNB) was an American bank that was chartered in 1977 and operated in Odessa, Texas. It was acquired by Frost Bank in 2014 and all the branches were rebranded as Frost Bank or closed after the merger.

History

[edit]

Western National Bank was chartered in 1977 in Texas. Among the charter members were the Wood family. During the great oil bust of the 1980s, the Wood family saw the need for money to be invested in the bank and bought out the other investors. Western National Bank was one of the few banks that was established during that time and operated under the same name until it merged with Frost Bank.[1]

On June 20, 2014, Western National Bank was absorbed by Frost Bank. All seven Midland/Odessa branches became Frost Bank offices, and the San Antonio Western National Bank branch was closed.[2]

References

[edit]
  1. ^ "Western National Bank: Serving the Basin since disco days". Retrieved 2015-05-08.
  2. ^ "Frost Bank Brings Western National Bank Into The Fold". Retrieved 2015-05-08.