American Bank of Texas

American Bank of Texas was established on September 1, 1971, originally under the name The American Bank and Trust of Denison. The institution underwent a name change to The American Bank and Trust of Denison on November 8, 1976, and then adopted the name American Bank of Texas on April 1, 1993. That same year, it moved its main office to 2011 Texoma Parkway in Sherman, Texas, and expanded its operations by acquiring American Bank of Sherman, National Association. Over the following years, the bank continued its growth through a series of acquisitions, including Grayson County State Bank and The Leonard National Bank, both on December 31, 1994, and American Bank of Texas, National Association on March 30, 2012. On November 10, 2016, American Bank of Texas merged with First United Bank and Trust Company, based in Durant, Oklahoma, marking the end of its independent operations. Throughout its history, the institution shifted its services and operational focus while expanding its footprint in Texas banking.

Below is a list of some important events in banks history, including mergers and acquisitions.

1971-09-01Institution established. Original name: The American Bank and Trust of Denison.

1976-11-08Changed Institution Name to The American Bank and Trust of Denison.

1977-06-17Changed Trust Powers to Full.

1993-04-01Changed Institution Name to American Bank of Texas.

1993-04-01Acquired American Bank of Sherman, National Association in Sherman, TX.

1993-04-01Main Office moved to 2011 Texoma Parkway, Sherman, TX 75090.

1994-12-31Acquired The Leonard National Bank in Leonard, TX.

1994-12-31Acquired Grayson County State Bank in Sherman, TX.

1994-12-31Acquired American National Bank of Pottsboro in Pottsboro, TX.

2012-03-30Acquired American Bank of Texas, National Association in Marble Falls, TX.

2016-11-10Merged and became part of First United Bank and Trust Company in Durant, OK.