Century Bank

Century BANK

Industry	Finance
Founded	New Boston, Texas (1900)
Headquarters	Texarkana, Texas
Area served	Texarkana and Dallas-Fort Worth metropolitan areas
Key people	Truman Arnold, Joe Nichols, Mike Kennedy, Ray Smith, Ford Hall, Mike Cross, Kevin Huff, Jim Habern
Products	Banking
Total assets	US$1.463 billion (April 2008)
Employees	Approx. 450

Century Bank on U.S. Route 67 in Texarkana

Century Bank was a bank headquartered in Texarkana, Texas that offered banking, mortgage, lending and trust services. Its holding company, Century Bancshares Inc., was based in Dallas, Texas. On December 31, 2008, Century Bankcshares Inc., was acquired by Wells Fargo.

History

Founded in 1900 as the First National Bank of New Boston, the name was officially changed in 1998 to Century Bank, with a plan was instituted for regional expansion. In August 2002, Century Bank launched a seven-day banking schedule so that both lobbies and drive-thrus remained open for business seven days a week and most holidays.

On August 13, 2008, San Francisco-based Wells Fargo announced its plans to acquire Century Bank and all its operations. The merge of Century Bank into Wells Fargo's community banking operations, pending regulatory approval as of September 2008, would mark the latter's first entry into Arkansas (with four branches) making it its 24th community banking state. In addition, the proposed deal potentially bolsters Wells Fargo's position in the Dallas-Fort Worth market, where the bank holds the third largest market share versus Century's 30th largest among 185 area financial institutions.^[1] On December 31, 2008, Wells Fargo completed its acquisition of Century Bank and on April 27, 2009, began serving customers under the Wells Fargo brand.

Mascot

Century Bank had an official mascot named Lucky. Lucky was a large number 7 to represent the seven-day banking service.

References

1. ^ http://www.bizjournals.com/twincities/stories/2008/08/11/daily27.html?ana=from_rss