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First State Bank
of Uvalde opened its doors for business on Monday, July
1, 1907. Except for a government ordered "bank holiday" during
the Great Depression, the bank has never failed to open for
business at the appointed hour ever since.
The first officers of the fledgling bank were A. R. Bowman,
president; I. L. Martin, vice president and D. W. Barnhill,
cashier. The capital stock for Uvalde's newest financial
institution in 1907 was valued at $30,000.
The bank occupied several temporary buildings in the following
years including the corner of North Getty and West Nopal
Streets.
In 1913 T. H. McNelly, George Kennedy and John Nance Garner
bought controlling interest in First State Bank. Garner was
serving as U.S. Congressman at the time and would become Vice
President of the United States in 1932.
In 1927, Garner's son Tully became president of the bank and
remained in that office until 1934, when cashier J. H. Ashby
succeeded him.
On October 30, 1960, bank president Ashby announced that Dolph
Briscoe, Jr. had bought a major portion of the stock of the
bank. The assets of the bank in those days were less than nine
million dollars. Briscoe, who earlier had served eight years in
the State Legislature would be elected as Governor of Texas and
serve from 1973-1979.
On June 1, 1970, Lewis E. Bracy, Jr. became president of the
bank. Today, Bracy serves as chairman and CEO.
On October 24, 1970, First State Bank held an "Open House and
Fiesta" to formally dedicate its new and permanent home, the
building it occupies today.
Bank Chairman Briscoe wrote in his public message for the event
what has become a guiding philosophy of the bank: "We want to
carry on our tradition of service to a growing community and
area. We will strive to always hold high the banner of progress
that has been our trademark from the very first day in 1907,
when the First State Bank opened its doors."
On July 16, 1961, the assets of First State Bank reached the
$10 million mark for the first time in the bank's history. Today
the bank's total assets are in excess of $400 million, a figure which
would have been unthinkable to the bank's founders but one
consistent with the goals of its current officers and staff.
First State Bank continues to provide its customers throughout
the Southwest Texas region with the latest in modern banking
services. In addition to its main bank building at 200 East
Nopal in Uvalde, the bank also operates branch bank offices in
the nearby communities of Camp Wood, Leakey, Sabinal, Utopia, Concan,
Carrizo Springs and also at 2100 East Main Street in Uvalde.
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