First State Bank in Brownsboro, Texas: A Trusted Banking Partner for Generations

Introduction

Nestled in the heart of Brownsboro, Texas, First State Bank stands as a beacon of financial stability and community support. For over a century, this venerable institution has served the people of Henderson County with a wide range of banking products and services, tailored to meet the evolving needs of its customers.

With a steadfast commitment to integrity, innovation, and personalized service, First State Bank has earned the trust of countless individuals, families, and businesses. Its unwavering dedication to building strong relationships and fostering financial well-being has made it an indispensable pillar of the Brownsboro community.

Historical Legacy and Community Involvement

1897: The bank's humble beginnings can be traced back to the founding of Brownsboro Savings Bank, which later evolved into First State Bank.

1971: First State Bank established its landmark headquarters at 101 North Main Street, Brownsboro, Texas, where it continues to operate to this day.

2017: The bank celebrated its centennial anniversary, a testament to its enduring presence in the community.

Over the years, First State Bank has consistently demonstrated its commitment to giving back to Brownsboro and the surrounding area. Through charitable contributions, sponsorships, and volunteerism, the bank actively supports local organizations, events, and initiatives that enhance the quality of life for all.

Comprehensive Banking Solutions

First State Bank offers a comprehensive suite of banking products and services designed to meet the diverse financial needs of its customers:

Personal Banking:
- Checking and savings accounts
- Debit and credit cards
- Mobile and online banking
- Personal loans

Business Banking:
- Business checking and savings accounts
- Commercial loans
- Business lines of credit
- Merchant services

Investments:
- Wealth management
- Retirement planning
- Mutual funds
- Annuities

Personalized Service and Local Decision-Making

At First State Bank, every customer is valued as an individual. The bank's team of friendly and knowledgeable bankers takes a personalized approach to understanding each customer's unique financial situation and goals. They work closely with customers to develop tailored solutions that support their financial aspirations.

First State Bank's local decision-making empowers its employees to provide prompt and flexible service. This autonomy allows the bank to respond quickly to customer needs and make lending decisions based on local market conditions.

Financial Strength and Stability

First State Bank maintains a strong financial position, earning a 5-star rating from BauerFinancial, Inc. This prestigious rating reflects the bank's exceptional financial strength and stability, providing peace of mind to its customers.

As of September 30, 2023:
- Total assets: $225,972,000
- Total loans: $126,995,000
- Total deposits: $202,495,000
- Equity to assets ratio: 11.10%

These figures demonstrate the bank's ability to withstand economic challenges and meet its financial obligations to customers.

Community Relationships and Involvement

First State Bank recognizes that banking is about more than just transactions. It's about building strong relationships and supporting the community in which it operates. The bank actively participates in various organizations and events, including:

• Brownsboro Chamber of Commerce
• United Way of East Texas
• Boys & Girls Club of Brownsboro
• Brownsboro Independent School District
• First Baptist Church

Stepping Up in Times of Crisis

During challenging times, First State Bank has stepped up to support its customers and the community at large. In response to the COVID-19 pandemic, the bank quickly implemented measures to assist businesses and individuals affected by the economic downturn.

• Payment deferrals and loan modifications: Offered tailored payment plans to help customers experiencing financial hardship.
• Small Business Administration (SBA) loans: Processed over $5 million in Paycheck Protection Program (PPP) loans, providing critical support to local businesses.
• Community outreach: Distributed food and supplies to families in need and supported local charities providing essential services.

Common Mistakes to Avoid

While banking is an essential part of modern life, it's important to avoid common mistakes that can jeopardize your financial well-being. Here are a few tips to keep in mind:

• Overspending: Track your expenses carefully and create a budget to avoid living beyond your means.
• Carrying too much debt: Manage your debt responsibly and explore debt consolidation options if necessary.
• Ignoring financial advice: Seek guidance from trusted financial professionals to make informed decisions about your finances.
• Falling for scams: Be wary of phishing emails, unsolicited phone calls, and other attempts to obtain your personal or financial information.

How to Step-by-Step Approach to Banking Success

Building a healthy financial future starts with a solid foundation. Consider these steps to enhance your banking experience:

1. Choose the right bank: Select a bank that aligns with your financial needs and values.
2. Establish good banking habits: Regularly check your accounts, monitor your spending, and avoid overdraft fees.
3. Save for the future: Set financial goals and create a savings plan to achieve them.
4. Use credit wisely: Build your credit score through responsible borrowing and timely payments.
5. Seek professional advice: Consult with a financial advisor to develop a comprehensive financial plan.

Pros and Cons of Banking with First State Bank

Pros:

• Strong financial strength and stability: Peace of mind knowing your deposits are safe and secure.
• Personalized service: Relationship-based banking with bankers who know you and your financial goals.
• Local decision-making: Quick and flexible responses to customer needs.
• Community involvement: Supports local organizations and initiatives that benefit the community.

Cons:

• Limited branch network: Only one physical branch location in Brownsboro, Texas.
• Fewer digital banking features: May not offer the same level of mobile and online banking capabilities as larger banks.

Call to Action

Take control of your financial future and choose a bank that you can trust. First State Bank of Brownsboro, Texas, has been a beacon of stability and support for over a century. Our commitment to personalized service, local decision-making, and community involvement makes us the ideal banking partner for individuals, families, and businesses in Brownsboro and the surrounding area.

Visit our branch at 101 North Main Street, Brownsboro, Texas, or contact us online or by phone to learn more about our products and services. Let First State Bank help you unlock your financial potential and achieve your financial goals.

Appendix

Table 1: Historical Financial Data

Table 2: Key Banking Products and Services

Table 3: Community Involvement and Sponsorships