Moody National Bank (MNB) is a nationally chartered

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

, founded in 1907, that is based in Galveston, Texas. With assets of nearly $1 billion, Moody Bank is one of the oldest and largest privately owned Texas-based banks. Its trust department, established in 1927, administers over $26 billion in assets, and is the largest domiciled in the state of Texas. The company offers a full range of commercial and consumer banking products, as well as trust and investment banking services to customers throughout

Southeast Texas Southeast Texas is a cultural and geographic region in the U.S. state of Texas, bordering Southwest Louisiana and its greater Acadiana region to the east. Being a part of East Texas, the region is geographically centered on the Greater Houston ...

and Central Texas, including the

Greater Houston Greater Houston, designated by the United States Office of Management and Budget as Houston–The Woodlands–Sugar Land, is the fifth-most populous metropolitan statistical area in the United States, encompassing nine counties along the Gulf Co ...

area. The bank is unique in that through its trust department, it has ''de facto'' control of the

American National Insurance Company American National Insurance Company (ANICO) is a major American insurance corporation based in Galveston, Texas. The company and its subsidiaries operate in all 50 U.S. states and Puerto Rico. Company description American National was founded in ...

(ANICO), one of the largest life and property/casualty companies in the U.S. The bank's trust department administers the

Moody Foundation The Moody Foundation is a charitable foundation incorporated in Texas and based in the island city of Galveston. It was chartered in 1942 by William Lewis Moody Jr. and his wife Libbie Rice Shearn Moody ''"to benefit, in perpetuity, present and ...

and the Libbie Shearn Moody Trust, which together own the majority of ANICO's shares. Moody National Bank is a wholly owned subsidiary of Moody Bancshares, Inc., a privately owned financial holding company, also based in Galveston. Moody Bancshares also maintains a controlling interest in Galveston-base
Hometown Bank N.A.
ref name=ffiec.gov>

History

In 1907, Galveston businessman William Lewis Moody, Jr. founded the City National Bank in the Trust Building in downtown Galveston. The new bank quickly grew and by 1920 a new building was constructed a block away on Market Street. During its early years the City National Bank merged with the Galveston National Bank and continued to steadily grow in size and assets. In 1953 the board of directors decided to honor the bank's founder by changing the name to Moody National Bank. A year later Mr. Moody died and his daughter, Mary Moody Northen assumed control of the bank and ANICO. By 1962 the bank had outgrown its neo-classical headquarters on Market Street, and a new seven-story building was constructed a block away. The old building, after sitting vacant for several years, was donated in 1972 by Ms. Northen to

Galveston County Galveston County ( ) is a county in the U.S. state of Texas, located along the Gulf Coast adjacent to Galveston Bay. As of the 2020 census, the population was 350,682. The county was founded in 1838. The county seat is the City of Galveston, ...

for use as a historical museum dedicated to the memory of her father. With the legalization of branch banking in Texas in 1988, Moody National Bank merged with sister bank, South Shore National Bank in

League City, Texas League City is a city in the U.S. state of Texas, in Galveston County, within the metropolitan area. As of the 2020 census, the city had a population of 112,129. The city of League City has a small portion north of Clear Creek within Harris C ...

. South Shore National Bank had been established by the Moody Family to provide financial services to the South Shore Harbor subdivision, which was being developed by their family controlled insurance company, the

. By the 2000s MNB began to spread out from its traditional base of Galveston County opening offices in Brazoria, Fort Bend,

Harris Harris may refer to: Places Canada * Harris, Ontario * Northland Pyrite Mine (also known as Harris Mine) * Harris, Saskatchewan * Rural Municipality of Harris No. 316, Saskatchewan Scotland * Harris, Outer Hebrides (sometimes called the Isle of ...

and Travis counties.United States Securities & Exchange Commission Filing: Form 8-K National Western Life Insurance Company
/ref>

Banking center locations

Moody National Bank operates 16 financial centers across Central and Southeast Texas in the following counties: *

Brazoria County Brazoria County ( ) is a county in the U.S. state of Texas. As of the 2020 census, the population of the county was 372,031. The county seat is Angleton. Brazoria County is included in the Houston-The Woodlands-Sugar Land metropolitan statis ...

Comal County Comal County ( ) is a county located on the Edwards Plateau in the U.S. state of Texas. As of the 2020 census, its population was 161,501. Comal County is known for its rich German-Texan and European history. Its county seat is New Braunfels. ...

Fort Bend County Fort Bend County is a county located in the U.S. state of Texas. The county was founded in 1837 and organized the next year. It is named for a blockhouse at a bend of the Brazos River. The community developed around the fort in early days. Th ...

* Harris County *

Travis County Travis County is located in south central Texas. As of the 2020 census, the population was 1,290,188. It is the fifth-most populous county in Texas. Its county seat is Austin, the capital of Texas. The county was established in 1840 and is n ...

References

External links

Moody National BankThe Moody Foundation
{{coord, 29.3047, -94.7938, type:landmark_region:US, display=inline,title Banks established in 1907 Banks based in Texas Companies based in Galveston, Texas