In 1961, North Dallas Bank & Trust Co. opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers and seven employees. Today, the bank is celebrating 60 years in business with $1.5 billion in total assets, more than 160 employees and five bank branches located in Dallas, Addison, Frisco, Las Colinas and Plano.
As one of the most successful and respected community bank organizations in Texas, North Dallas Bank & Trust Co. has maintained a record of profitability every year in operation. It is one of the only banks in Dallas to have earned the prestigious five-star superior rating from Bauer Financial for more than 30 consecutive years.
“Our longstanding success is only made possible through consistent, committed ownership and is the direct result of the trust and support we receive from our customers, the clear vision of our board of directors and the expertise, commitment and dedication of our employees,” says Larry Miller, president.
In 1970, North Dallas Bank & Trust founding directors Bert Fields, Porter Lindsley Sr. and W.F. English purchased 4.85 acres to construct the bank’s state-of-the-art bank building at the intersection of LBJ Freeway and Preston Road and opened its doors to the public the following year. Just four short years later in 1975, the bank built its landmark tower, which was the tallest building in Dallas outside of downtown at the time.
Amidst the tumultuous U.S. stock market of the 1980s, North Dallas Bank & Trust stayed true to its mission of responsible banking. At the end of that decade, it was named one of the 100 safest banks in the country by Money magazine, one of only two Texas banks on the list.
The 1990s brought the interstate banking and branch banking trends to Texas, and national competitors opened locations nearby. As one of the largest locally established banks in Dallas, North Dallas Bank & Trust began seeking new opportunities for independent banking. In 1994, it opened its first branch banking center in Plano. Additional bank branches opened in Las Colinas, Frisco and Addison throughout the late 1990s and early 2000s.
In 2021, CEO W. Michael Shipman announced his retirement after serving the organization for more than 25 years. Miller was named his successor, effective April 1, 2021.
“It is fitting that during North Dallas Bank & Trust’s 60th year in business we appoint a new leader who has a long-term vision, strong management style and a customer-based approach to banking,” Shipman says. “Larry’s character, ability to innovate and proven decision-making skills will serve our bank well as NDBT begins a new decade.”