Gainesville Daily Register

October 31, 2012

First State Bank shows business strength, helps support area schools

Staff Report
Gainesville Daily Register

Fort Worth — One of Gainesville’s longstanding financial institutions continues to show strength not only through the merits of its business, but through generosity to local schools.

First State Bank is currently sponsoring an online contest that will benefit three high schools in the north Texas area.

The bank will donate a total of $15,000, which includes $5,000 prizes to one high school in three separate school divisions.

To participate, voters visit Facebook and "like" First State Bank's page, which leads to a list of local schools. From there, voters can choose his or her favorite. The contest ends Friday, Nov 2.

During September 2011, First State Bank conducted a similar contest, except that elementary schools were the focus.

This year, high schools stand to benefit — and First State Bank Executive Vice-President Ryan Morris recently said Gainesville High School is currently in the lead, with Callisburg High School close behind. This, he said, may change if people organized and participated.

"There are pretty good odds of winning if you just get out and vote," he said.

The 2011 contest drew the attention of the Independent Banker's Association of Texas (IBAT).

This agency recently presented First State Bank with multiple awards at the 2012 Best of Community Banking awards ceremony.

Based on the Facebook contest, the bank achieved "gold" status in the agency's marketing and social media acknowledgment divisions, plus a "Best of Show" award.

But beyond awards and special contests, First State Bank continues to focus on serving their customers. Lloyd Reiter, president and chief credit officer, said the bank has recently expanded and strengthened its mortgage department by adding lending officers to the Gainesville and Denton branches.

Reiter added that their mortgage program can deal directly with the secondary market and quickly secure homes for new buyers in spite of the economy's shaky terms. "We have a wider breadth of products and certainly can give as good a deal as anybody," he said. "We're more competitive, with more products available."

Morris said the bank's expansion stemmed from two intentions: to competitively "close" on a mortgage loan as quickly as within two weeks, and to broaden the loan programs available to First State Bank customers. "Our goal is to be able to offer every single type of mortgage," he said, citing Veterans Administration, Federal Housing Administration and United States Department of Agriculture loans as examples. "We wanted to make sure we were able to do them. That's what the town needs, and we really felt like we needed to be able to offer all of those to our customers."

First State Bank, chartered in 1905, is the state's oldest bank and currently has nine branches throughout Cooke, Denton, and Montague counties.

For more information, call the bank at (940) 665-1711, or visit Contest participants can vote through the bank's Facebook page or by visiting