Banks in Tyler Texas
Tyler is mid-sized city in Texas, and the largest city in the Northeast of Texas with a population that exceeds 100,000 according to the 2020 census. There are 5 banks in Tyler Texas that dominate the share of deposits according to the FDIC. These are the banks:
Collectively these 5 banks had total customer deposits from Tyler Texas of $269 million and operated a total of 9 offices within the city. Of the banks in Tyler Texas only one has the majority of its deposits derived from the city: Citizens State Bank, which is also the bank with the highest share of deposits in the city.
1. Citizens State Bank: Largest of the Banks in Tyler Texas
Citizens State Bank was established in 1925 and is an operating subsidiary of Industry Bancshares, Inc. which was purportedly formed by local shareholders within the Texas community. The bank’s main office is located in the city of Woodville in Texas but its serves individuals and businesses is several locals across the state including: Leon, Freestone, Houston, Anderson, Limestone and Fall counties.
The bank offers traditional banking products including checking, savings, certificates of deposit, mortgages and agricultural loans. Citizens State Bank has the largest deposit share of all the banks in Tyler Texas with a 54% share of deposits as of June 30, 2021. The bank is insured by the FDIC and based on our estimates we believe that 57% of the banks domestic deposits were insured as of March 31, 2022. The bank is also among the list of banks that use Zelle. These are some additional statistics about the bank:
- Citizens State Bank Routing Number: 111908965
- Main Office Address: 102 W. Bluff St., Woodville, TX 75979
- Website: www.citizensbank.net
- Total Number of Branches: 6
- Number of Employees: 49
- FDIC Community Bank: Yes
- Total Assets: $0.2 billion (increase of 27.1% vs. prior year)
- Net Loans: $0.1 billion (decrease of 31.2% vs. prior year)
- Total Deposits: $0.2 billion (increase of 22.9% vs. prior year)
2. First National Bank of Jasper
First National Bank of Jasper has been operating for more than half a century and focuses on serving customers in the Deep East Texas region. The bank was established in 1960 and is headquartered in the city of Jasper in Texas. First National Bank of Jasper has the second highest share of deposits of the banks in Tyler Texas, with a share of 18% – however unlike Citizens State Bank, the bank’s deposits in Tyler Texas only represent 17% of its total deposits. The bank has two offerings for checking accounts, one savings account option, money market and certificates of deposit. This is in addition to mortgages and other consumer loans. These are some additional statistics about the bank:
- First National Bank of Jasper Routing Number: 113123560
- Main Office Address: 301 E. Houston St., Jasper, TX 75951
- Website: www.fnbjasper.com
- Total Number of Branches: 3
- Number of Employees: 47
- FDIC Community Bank: Yes
- Total Assets: $0.4 billion (increase of 13.0% vs. prior year)
- Net Loans: $0.1 billion (decrease of 9.8% vs. prior year)
- Total Deposits: $0.3 billion (increase of 17.3% vs. prior year)
3. BBVA USA – An International Bank in Tyler Texas
BBVA USA is definitely the most surprising of the banks in Tyler Texas given that it traces its origins to a bank based in Spain. BBVA is a multinational financial services business with operations across many countries, including the United States. Importantly, BBVA USA was wold to PNC Bank on June 1, 2021. Prior to the sale BBVDA USA announced the opening of 11 new branches across Texas in the Houston, Austin, San Antonio, Fort Worth and Dallas markets.
BBVA USA is the only international bank in Tyler Texas with a share of customer deposits, and based on the FDIC data had a 12% share of customer deposits. Its deposits in Tyler Texas only represent less than 1% of its total deposits in the United States. As the bank is now a subsidiary of PNC Bank, we do not have relevant additional information about BBVA USA.
4. CommunityBank of Texas
CommunityBank of Texas has a 12% share of deposits making it the fourth largest of the banks in Tyler Texas. However its operations in the city represent less than 1% of its total deposits. The bank was established in 1926 and its main office is located in the city of Beaumont in Texas. The bank is a full service bank with checking, savings, personal CD, credit cards, lines of credit and multiple loan options available for consumers. The bank also serves business customers. Based on the FDIC information we estimate that 38% of the bank’s domestic deposits are insured. The bank currently has a total employee base of 503 people. Additional statistics about the bank:
- CommunityBank of Texas Routing Number: 113111983
- Main Office Address: 5999 Delaware St., Beaumont, TX 77706
- Website: www.communitybankoftx.com
- Total Number of Branches: 34
- FDIC Community Bank: Yes
- Total Assets: $4.4 billion (increase of 10.4% vs. prior year)
- Net Loans: $2.8 billion (decrease of 0.1% vs. prior year)
- Total Deposits: $3.8 billion (increase of 12.7% vs. prior year)
5. American State Bank
American State Bank has a 4% share of deposits within Tyler Texas. The bank was established in 1911 and prides itself on being a locally owned, independent financial institution. Its main office is located in the city of Arp in Texas. The bank is certainly a full service bank and offers an extensive line up of accounts and services for both consumers and businesses, including: checking accounts (5 options to choose from), savings accounts, money market accounts (two options), CDs, credit cards and home loans. Based on the FDIC information we estimate that 77% of the bank’s domestic deposits are insured. Additional statistics about the bank:
Other Information for American State Bank
American State Bank Routing Number: 73917641
Main Office Address: 102 W Front, Arp, TX 75750
Website: www.asbtx.com
Total Number of Branches: 14
Number of Employees: 128
FDIC Community Bank: Yes
Total Assets: $0.6 billion (increase of 14.7% vs. prior year)
Net Loans: $0.5 billion (increase of 21.2% vs. prior year)
Total Deposits: $0.5 billion (increase of 24.9% vs. prior year)
Other Banks in Tyler Texas
Although this article focused on banks that have deposits from consumers and businesses within Tyler Texas, the total number of banks that service the city is much broader. For instance, the city of Tyler is located within Smith County. Many larger state and national banks have offices servicing Smith County, including but not limited to the following banks:
- Southside Bank
- Bank of America
- Capital One Bank
- Texas Bank and Trust Company
- Austin Bank
- JPMorgan Chase Bank
- Regions Bank
The number of banks gets even broader if we look at the banks operating within the state of Texas. The bottom line is that consumers that live in Tyler Texas have banking options that extend beyond the 5 banks that have the most deposits in the city.