On October 1, Texas Banking Commissioner Charles G. Cooper announced that Bells-based Cendera Bank National Association has completed its conversion to a Texas state-chartered bank from a national banking association. The bank began operating as Cendera Bank under its new charter effective October 1.
The bank, a wholly owned subsidiary of Cendera Financial Holdings Inc. was originally chartered in 1904 and will enter the state banking system with approximately $227 million in assets as of June 30. The bank’s executive team is led by Ryan W. Dillin, chair and CEO, and Michael W. Freeman, executive vice president and general counsel, who also serves as chair and CEO of Cendera Financial Holdings Inc. In addition to its original location in Bells, the bank operates offices in Tyler and Fort Worth, as well as a loan production office in Dallas.
“I welcome Cendera Bank to the Texas state banking system and applaud its 121-year history of providing sound financial services while maintaining strong personal relationships with customers,” Cooper says.
