Company Profile
- Founded in 1875, The ANB Corporation (“ANB” or “the company”) is the bank holding company for the privately-owned lead bank subsidiary, The American National Bank of Texas (“the bank”). The bank operates in 29 locations, primarily throughout north central Texas (headquartered in Terrell, TX) and in or surrounding the Dallas/Fort Worth MSA. The customer base is predominantly composed of individuals, municipalities, and corporations domiciled in its market area.
- ANB’s loan portfolio is commercially focused – the leading segment within the loan portfolio is C&I representing 30% of total loans (including OOCRE), while investor CRE (19% of loans), including multifamily (4% of total loans), represents the next largest category of loans (23% of total loans). Residential mortgage and C&D represent 21% and 15% of loans, respectively.
- The company has grown through ten strategic acquisitions and de novo branch openings. The most recent noteworthy…