Texas: Springer, Co-Founder of Ballinger National Bank, Retiring After 50 Years in Banking

Phillip Springer, co-founder, chairman and CEO of Ballinger-based Ballinger National Bank prior to its merger last year with Austin-based Keystone Bank, is retiring on August 30 after 50 years in the banking industry. As a member of a family of bankers spanning four generations, Springer launched Ballinger National Bank along with his father, James L. Springer, and brother, David Springer, in 1997.

Initially, James served as chairman, Phillip was president and CEO, and David served as executive vice president. After James passed away in 2006, Phillip moved to chairman and CEO and David to president until the merger with Keystone Bank in October 2018. Upon the merger, Phillip was named Keystone Bank’s Ballinger market president.

While still in high school in the late 1960s, Springer began his career at Rotan-based First National Bank, which his family owned. After graduating from Texas Tech University, he worked for three years as a bank examiner at the Federal Reserve Bank in Dallas before returning to Rotan to work with his father at First National Bank. In 1989, the bank acquired F&M State Bank in Ballinger, which Springer managed until 1997 when the Springers founded Ballinger National Bank.

“I am most proud of being able to work with four generations of my familyin the bank over the past 50 years,” Springer notes. In addition to working with his father and brother, he worked with his grandfather, Raleigh L. Springer (at First National Bank in Rotan) and his son, Drew Springer (at Ballinger National Bank).

“I have been fortunate to spend my entire banking career in two small Texas communities in a family-owned bank dedicated to helping the community,” Springer says.

Published in Bankers Digest August 26, 2019