LAKE JACKSON, TEXAS – Texas Gulf Bank’s Centennial Celebration marked a special night for both the bank and several local charities. The event honored the strong relationships between employees, customers and friends. And as a special thank you for making the community a better place, nine non-profit organizations were presented a total of $100,000 in donations.
Receiving its charter in 1913, Texas Gulf Bank opened its doors as Freeport National Bank with $50,000 in capital stock. The original location in Freeport, Texas took up 2,200 square feet of the first floor of its building, while the Freeport Sulphur Co. occupied the second floor. The bank facilitated cashing checks for sulfur company employees, often staying open until midnight on paydays.
Since those days, the bank has grown and thrived - moving locations, expanding, adding new banking centers, and adopting the common name of Texas Gulf Bank, N.A. Today, the bank operates nine banking centers throughout Brazoria, Galveston and Harris counties with $432 million in deposits.
“We are extremely proud of our history at Texas Gulf Bank and our continued growth,” said James F. Brown, Jr., CEO of Texas Gulf Bank. “A lot has changed in 100 years, but there is one thing that remains the same. Our business is all about the people. We are a bank building strong foundations through strong relationships.”
Texas Gulf Bank’s commitment to building solid relationships in its communities was highlighted later in the evening with the presentation of donations to nine local charities, totaling $100,000.
Earlier in the year, the employees and Board of Directors of Texas Gulf Bank selected nine non-profit organizations to be finalists in the Texas Gulf Bank Giving to Grow $100,000 Community Giveaway. The allocation of the donations was determined by the community via voting on Facebook, at their local banking center, or on the Texas Gulf Bank website. Over 10,500 votes were cast in support of the finalists. Each finalist was guaranteed to receive at least a $3,000 donation, while the organization with the most votes would receive a $25,000 donation.
The final allocations were announced at the Centennial Event and were as follows:
Boys & Girls Club of Brazoria County - $25,000
SPCA of Brazoria County - $20,000
BACH - $20,000
Archway Academy -$10,000
CanCare - $10,000
ActionS Inc Brazoria County - $3,000
Goodwill Industries of Houston - $3,000
Hope Village - $3,000
Junior Achievement Brazoria County - $3,000
*The remaining $3,000 was split equally among all nine recipients.
“Over the last 100 years we’ve had the privilege to be a part of many great communities,” said Rich Jochetz, President of Texas Gulf Bank. “It is an immense honor to give back to those organizations that have given so much.”
About Texas Gulf Bank
Texas Gulf Bank is an independently owned and operated community bank that offers a full range of personal and business banking services, personal and business loans and cash management services, through nine locations in Brazoria, Galveston, and Harris Counties. Established in 1913 in Freeport, Texas, the bank has a reputation for strength, stability and prudent capital management. Texas Gulf Bank's capital exceeds regulation guidelines and has a substantial loan capacity. Texas Gulf Bank holds a five star rating from BauerFinancial. Member FDIC. For more information, visit www.texasgulfbank.com.