Executive officers of Producer Bancorp announced the opening of their Southeast Texas banking center and completion of a core operating system conversion for customers of Powell State Bank, according to a news release.
The name of the Powell banking center was also officially changed to Producer Bank of Texas on Aug. 25.
The new Southeast Texas banking center is located at 229 Dowlen Rd., Suite C, in Beaumont. The bank’s lobby and motorbank are open Monday through Friday from 9 a.m.—5 p.m. It was formerly home to Third Coast Bank.
“We are really excited about our new Southeast Texas banking center and equally excited about completing these important steps for our customers in Navarro County,’ said Don Legato, CEO and president of Producer Bank of Texas. “We look forward to strengthening our relationships with these customers and bringing them enhanced products and technology and increased capital to better serve their lending needs.”
“Our plan is to develop strong partnerships with individuals and businesses in our communities by delivering the best that independent community banking offers. We will offer fast, local decisions and unmatched local service,” he added.
Powell State Bank officially opened for business Nov. 30, 1910, to serve the farmers and small businesses in the Powell, Texas area.
Jerrie Albritton, regional market president for Navarro County, said, “After having served Powell State Bank for 22 years, I am thrilled about this new chapter and what’s in store for our bank as Producer Bank of Texas. We are excited to offer our customers new products and enhanced technology while still maintaining that small town customer service everyone has come to know and love. We are a strong, family-style team and intend to grow together, along with our community, to the future.”
Producer Bancorp is a bank holding company headquartered in Beaumont that provides operational and financial oversight for Producer Bank of Texas.
