Cuero-based TrustTexas Bank is celebrating its 100th anniversary this year in grand style. On January 26, the bank invited customers, members of local chambers of commerce and other members of the five communities in which it operates to help mark the occasion with a ribbon-cutting ceremony, recollections and revelry. During the celebration at the bank’s branches in Kyle and New Braunfels, John D. Howard, president and CEO, was presented with a resolution from the Independent Bankers Association of Texas commemorating the bank’s achievements.
Established in July 1921 as the Cuero Building and Loan Association, the company became a federally chartered mutual association in 1935 under the name Cuero Federal Savings and Loan Association. In 1962, the headquarters relocated to a new building on the corner of Gonzales St. and Courthouse St. in Cuero, and that location remains as the bank’s main office. The 1970s saw the bank branch out, first to Yorktown in 1974, then Victoria in 1975. A second Victoria branch was added in 1995.
In 1998, the bank converted to a state savings bank under the name Cuero State Bank SSB. As the bank expanded to new markets as the new century dawned, it was rechristened TrustTexas Bank in 2006. The following year, the company expanded its corporate structure to include a three-tiered mutual holding company: TrustTexas Mutual Holding Co., TrustTexas Financial Group Inc. and TrustTexas Bank SSB. This was followed by continued expansion throughout Central Texas, including branches in Bastrop, Kyle and New Braunfels. Today, TrustTexas Bank operates six locations and has assets of more than $354 million as of December 31, 2020. But it’s not stopping there, as plans for a loan production office in Hutto are coming together in 2021.
As part of its platinum jubilee, TrustTexas Bank is conducting a food drive throughout February called “100 Cans for 100 Years of Trust and Service.” The goal is to collect at least 100 cans of food at each bank branch, which will then be donated to local food banks.