Texas Community Bank is a locally owned and operated, community-oriented financial institution with its heart and roots embedded along the South Texas-Mexico border. TCB is a wholly owned subsidiary of Vision Bancshares, Inc., a one-bank holding company that was founded in 2003 by Laredo banker, Douglas G. Macdonald and a group of local investors. Macdonald was familiar with the Laredo market and believed that an opportunity existed for a community bank that emphasizes personal service.Since its inception in 2003, TCB has built a stable core deposit and loan base in not only its primary home of Laredo, but also in San Antonio, Somerset and the border towns of Brownsville, McAllen and Del Rio. TCB has flourished due to hiring exceptional local bankers in each of our markets and has been able to assemble teams of experienced and knowledgeable industry professionals that specialize in all facets of banking including deposit and lending, international, investment, technology and operations. Our extraordinary and rapid growth has been enhanced by offering competitive products and services that meet the financial needs of the communities in which we serve.
In the Fall of 2003, our original shareholder group capitalized Vision with approximately $11 million, of which $5 million was utilized to acquire Somerset Bancshares Inc., a one bank holding company located in Somerset, Texas. The company’s only subsidiary was Somerset National Bank. Simultaneous to the purchase, the bank’s name was changed to Texas Community Bank, N.A. and soon thereafter on December 8, 2003, the first Laredo branch was opened. Subsequently, Vision changed its official home office designation from Somerset, Texas to Laredo, Texas and in March 2008, TCB relocated into its newly constructed 60,000 square foot permanent headquarters building located at 6721 McPherson Road in Laredo. During 2013, TCB applied and was granted approval to convert from its national bank charter to a state charter. In December 2013, the Bank's name was officially changed to Texas Community Bank and the N.A. was dropped.
In addition to its Laredo and Somerset presence, TCB expanded into the San Antonio market, opening two full service branches in June 2005 and June 2009. TCB entered the South Texas Valley region in late 2008 and early 2009 with the opening of its McAllen and Brownsville branches. In mid-2009, TCB ventured out into the West Texas market and has now opened two full service facilities in Del Rio. As of March 2014, the Bank opened a Loan Production Office in Austin.
As of the date of the initial Somerset acquisition in 2003, total assets of the bank were approximately $15 million. Since then, the Bank has experienced extraordinary growth and, at the end of ten years of operation, total assets of TCB exceeded $1.2 billion. In addition, the number of employees of the Bank has increased from 19 employees in October 2003 to an estimated 200 employees today. TCB currently operates 10 full service branches and 15 ATMs, of which 13 ATMs are located in or near branch facilities and the remaining two are located in strategic locations.