On August 16, Texas Banking Commissioner Charles G. Cooper announced that Hondo-based TXN Bank National Association has completed its conversion to a Texas state-chartered bank from a national banking association. TXN Bank began operating under its new charter effective August 16.
The bank, a subsidiary of TXN Bancshares Inc., was originally chartered in 1936 and enters the state banking system with approximately $611 million in assets. The bank operates seven branches in Central and South Texas in addition to its main office in Hondo. Ronnie Miller, CEO and president, continues to lead the bank’s executive team following the conversion.
“I welcome TXN Bank to the Texas state banking system and commend its nearly 87-year commitment to providing its customers with safe and sound financial services,” Cooper says.
