On March 1, 1913, The First State Bank opened for business in the Stafford Bank Building on the corner of Milam and Spring Streets with total deposits of $54,416.52. Total capital was $25,000.00 and total resources $86,136.20. Throughout the years, the Bank continued to grow and prosper along with the community. In 1951, the bank building was completely remodeled. As of March 1, 1953, total deposits were $4,646,372.22, total loans were $1,309,558.01, total capital was $347,003.67 and total assets were $4,985,583.13.
Published in the American Banker on February 28, 1989, The First State Bank was listed as the #1 U.S. Community Bank in the nation. Total assets were $61,525.000.00 and total deposits were $47,061,000.00. In 1991, the Columbus Bancorp, Inc. was formed and became the parent company of The First State Bank. On December 31, 1995, Gus H. Miller, Jr. retired from the Bank, but remained on the Board of Directors. James H. Whitcomb was elected President of the Bank, serving between the years of 1996 until 1999.
The Bank continues to be one of the strongest community banks in the nation. As of March, 2010, total capital is $15,150,000.00, total deposits are $84,650,000.00, total loans are $16,450,000.00 and total assets are $100,300,000.00.
The First State Bank
420 Walnut St.
P. O. Box 9
Columbus, TX 78934
Bank Phone Number: 979-732-2332
Fax Number: 979-732-2016
Telephone Banking/Time & Temp 979-732-2333
