Commercial State Bank was chartered as a state bank in 1921 in El Campo, Texas. The bank at one time was the largest bank in Wharton County through the early 1980’s.. In mid-2010, Nolan Bedford and Johnny Brooks approached the owners of Commercial State Bank and proposed to purchase the majority of ownership in the Bank. An agreement was reached, $20 million in capital was raised, and the purchase transaction was closed in January of 2011. With the additional capital, the equity of the bank was effectively doubled. The new management team brought an extensive network in the Houston market and 80+ years of combined banking experience. Commercial State Bank has current assets of approximately $200 million and operates from three locations: El Campo, which covers Southwest Harris and Wharton County; Fulshear, which covers West Houston, Katy, and Fort Bend county, and Humble, which covers Northwest and North Houston.
The bank has invested in and built a scalable Information Technology and Treasury Management infrastructure for future growth. Currently the legal lending limit is $5.8MM with an in-house limit of $4.5 million. Companies with revenue of $3 million to $60 million and credit needs of $250,000 to $4 million are the primary focus. However, with its extensive network of banking relationships, loans up to $10 million are entertained.
Commercial State Bank is made up of a team of veteran bankers who have previously built community banks. Their philosophy is to foster personal relationships with individuals and business owners, serving the residents and small businesses of Houston’s entire community. Personalized service is delivered by 50 knowledgeable and devoted banking professionals. There are seven commercial lending officers who are supported by three credit analysts.
Offerings include a full line of credit products, including financing for accounts receivable, inventory, equipment acquisitions, expansions, and owner occupied facilities.