Community National Bank & Trust of Texas Named Among the Strongest Financial Institutions in the U.S.
Individuals and businesses in Northeast Texas’ vibrant economy have many options when they require the resources of a financial institution. Since 1934, business leaders, entrepreneurs and other individuals have made the local choice: Community National Bank & Trust of Texas (CNB&T).
“As an independent financial institution, we are the alternative to mega-banks whose corporate headquarters are in another state or answer to committees in some city you never heard of,” says CNB&T CEO Rusty Hitt. “Our bankers get to know you and your business so they can settle critical issues rapidly and be flexible to meet your special needs.”
Local decision making and streamlined underwriting are significant advantages to area businesses. “In today’s business climate, having a long-term relationship with a banker is not a luxury, it’s critical,” says Hitt.
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CNB&T loan officers aren’t limited to offering one-size-fits-all solutions, but make their decisions based on the merits of each project. These veteran loan officers have been serving Northeast Texas for many years and bring an in-depth understanding of the challenges and opportunities faced by industries that drive the local economy.
Strong, Stable Growth
“For decades, we have had a growth plan in place that includes acquisitions and organic expansion,” says Hitt who joined the bank 24 years ago at a time when there was only one location and $110M in assets. Today it reports $751M in assets and its geographic footprint has grown to include 14 locations in communities throughout Texas, with branches in Navarro, Freestone, Leon, Ellis, Johnson, Tarrant, Parker and Palo Pinto counties.
CNB&T is an industry leader. It is named among the strongest financial institutions in the U.S., by independent rating service Weiss Ratings. Bauer Financial gave it a 5-Star rating and the Sustained Superiority Award, based on 66 consecutive quarters of capital adequacy, profitability and asset quality. Bankrate, Inc. awarded CNB&T its highest 5-Star Superior ranking.
Neighbor-to-Neighbor Service
But customers of the bank’s various offices might be surprised at CNB&T’s national standing. To them, each office is their hometown bank. Some offices have existed in their backyard for decades. Their banker knows them by name. Awarded one of the Best Companies to Work for in Texas by Texas Monthly, the bank enjoys little staff turnover, so customers are always greeted by familiar faces.
Like other modern financial institutions, CNB&T embraces all the best that advanced financial technology offers. Unlike most, it jealously guards its personal relationships. “We love what technology can do for our customers, making it easier and less time-consuming to access the services they need,” says Hitt. “But we refuse to let technology disrupt us from taking a very high touch approach to service. We take our mission of personal service very seriously.”
This content was provided by Financial Service Directory. Kiplinger is not affiliated with and does not endorse the company or products mentioned above.
