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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