Moody National Bank (MNB)
USINFO | 2013-08-20 11:28
Moody National Bank
Type Private
Industry Banking
Financial services
Investment services
Founded September 30, 1907
Founder(s) William Lewis Moody, Jr.
Headquarters Galveston, Texas, U.S.
Number of locations 21 branches
Area served Southeast Texas, Central Texas
Key people Robert L. Moody, Chairman
Victor Pierson, President & CEO
Craig Barker, Executive Vice President
Products Finance
Consumer Banking
Corporate Banking
Wealth Management
Mortgage loans
Loans
Trust services
Operating income 4.663 million USD
Net income 4.751 million USD
Total assets $918.7 million USD (December 31, 2010)[1]
Total equity $81.2M USD
Owner(s) Moody Bancshares, Inc.
Employees 259
Website MoodyBank.com

Moody National Bank (MNB) is a nationally chartered bank, founded in 1907, that is based in Galveston, Texas, USA.

With assets of nearly $1 billion dollars Moody Bank is one of oldest and largest privately owned Texas-based banks. Its trust department, established in 1927, administers over $15.5 billion dollars in assets, and is the largest domiciled in the state of Texas.[2][3] The company offers a full range of commercial and consumer banking products, as well as trust and investment banking services to customers throughout Southeast Texas and Central Texas, including the Greater Houston area.[1][3]

The bank is unique in that through its trust department, it has de facto control of the American National Insurance Company (ANICO), one of the largest life and property/casualty companies in the U.S. The bank's trust department administers the Moody Foundation and the Libbie Shearn Moody Trust, which together own the majority of ANICO's shares.[4][5][6]

Moody National Bank is a wholly owned subsidiary of Moody Bancshares, Inc., a privately owned financial holding company, also based in Galveston.[6] Moody Bancshares also maintains a controlling interest in Galveston-based Hometown Bank N.A.[7]

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