Broadway Bank (Texas): Difference between revisions

Bank in Texas

Broadway Bank is a community bank founded in 1941, founded by Col. Charles E. Cheever Sr. and his wife, Elizabeth Cheever.^[3] Broadway Bank has twenty-eight banking centers and two loan production offices spread across San Antonio, Austin, Dallas, Houston and the Texas Hill Country.

History[edit]

Founded as “Broadway National Bank of Alamo Heights”, the company began in a small store front in Alamo Heights, Texas in 1941, by a military officer, Col. Charles E. Cheever Sr., and his wife, Elizabeth Cheever.^[4][5] The primary purpose was to serve military families who were migrating to the Central Texas area.^[6]

In 1959, it was the first San Antonio bank to establish a mortgage lending division, and it was the first to extend its banking hours to help working families.^[5] In 1984, the bank began to offer a successful Wealth Management Division.

Broadway’s Wealth Management Division was established in 1984. In 1996, Broadway Bank acquired Financial Centers in Fredericksburg, Kerrville, Boerne, Castroville, Hondo, and Seguin, Texas.

In 2005, the bank acquired Balcones Bank with Financial Centers in San Marcos, Wimberley, Kyle and Buda, and later added Bee Cave and Dripping Springs Financial Centers in 2010. In 2013, Broadway Bank announced its entry into the Austin region and today serves the mid-town and Round Rock areas.

In April 2016, Broadway Bank announced the appointment of David Bohne as its new chief executive officer. Bohne replaced longtime CEO Jim Goudge.^[7]

In 2021 and 2022, Broadway expanded into including Dallas-Fort Worth and Houston.

Current operations[edit]

Broadway Bank is still owned by the Cheever family.^[4] “/> At the end of 2018, the bank had $3.65 billion in assets, with $3.15 billion in deposits, and was the third-largest bank in San Antonio.^[2][8]

References[edit]

External links[edit]