In the fall of 2022, the bank ventured into the Concho Valley with the opening of a new loan production and deposit production office (LPO/DPO) in the heart of San Angelo at 610 South Abe Street, Suite D. President and CEO, Reave Scott, said, “We are very excited about this opportunity for Coleman County State Bank to serve the lending needs in San Angelo. Expanding our footprint further in West Texas with the opening of our new LPO/DPO further underscores our commitment to our customers and communities we serve.”
With over 8 years of lending experience in the San Angelo market, Vice President and Commercial Loan Officer, Clay Wilson, will oversee the operations of the new office. “We are pleased that Clay has joined our team,” Reave added. “His familiarity with the Concho Valley will be a tremendous asset as we develop and build relationships with area clients. We look forward to the opportunity to expand to a full-service banking center in the future.”
In 2021, construction began on 118 West Pecan’s exterior as the Main Branch underwent a much-needed restoration. Not since the early 1970s had the building seen major renovations. Seeking to preserve the historical attributes of the building, the bank worked with an architectural firm to ensure the process was completed satisfactorily. Each brick in disrepair was replaced one by one, along with more than 130 original windows, with modern ones installed in their place to aid in weatherproofing. Most notably was the removal of the gold aluminum façade that blanketed the building from corner to corner since the 1970s and concealed its beautiful red brick for decades. With the completion of the building’s exterior, the focus now shifts to a complete renovation of the interior, which will commence in 2023. The objective remains to pay homage to the building’s history while bringing it forward technologically into today’s age.
After experiencing continued, decades-long growth, construction commenced in 2020 on the bank’s third and newest location. Situated across from ACU within the Allen Ridge master-planned development in Abilene, the new branch reflects the bank’s continued promise to support and invest in the communities it serves.
The North location officially opened its doors in December 2021, and the following month, the bank hosted an open house and ribbon cutting with the Abilene Chamber Redcoats.
Seeking to spread its roots within the Big Country, the bank expanded into Taylor County and entered the Abilene market in 2004. A new 4,500 square-foot building at 4609 Southwest Dr. was commissioned to house the new full-service banking center, which was completed a year later in 2005.
The Abilene Banking Center thrived in its new location and further expanded the bank's client base. Nearly a decade after the initial move to Abilene, an additional 1,500 square feet were added onto the building in 2014 to accommodate the expansion of the mortgage center, which was and is continually experiencing rapid growth in the Abilene market.
With a thriving client base in the area, a loan production office was opened in Abilene in January 2017.
In January 1985, a group of local businessmen and women acquired Coleman Bank, proudly returning it to local ownership. Records show that the bank had just over $43,000,000 in assets at the time. Official approval from the State Department of Banking was received on January 16, 1985; and the bank was then reverted to its 1936 name, Coleman County State Bank. It was a momentous occasion to return to its original roots as a locally owned, hometown bank. Operations have continued at 118 West Pecan Street, as it has since the bank first moved into the building in 1948.
A motor bank was opened in October 1960, just within walking distance of the main branch. Motor banks provided a quick and convenient service to customers, allowing them to bank from the comfort of their vehicles. Later expanded to three drive-thru lanes, the motor bank is still in operation six decades later and is located on the corner of Concho and West College Street.
In October 1966, an investor from Houston purchased controlling interest of the bank. In subsequent years, its name was changed to Coleman Bank, under which it operated for the next 19 years.
The bank experienced more growth and expansion in 1942 as it bought the assets of First State Bank in Talpa.
Six years later, in 1948, the bank purchased and moved to its now present Main Branch location at 118 West Pecan Street, where it has operated for more than 70 years.
In October 1936, Coleman County State Bank received approval from the Texas Banking Department to begin its operations. It had originally been named First State Bank of Valera and first opened its doors in July 1915.
Now operating under its new charter, the bank relocated from Valera to 108 West Live Oak in Coleman.
Routing Number: 111321814
SWIFT Code: TIBBUS44
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