Weatherford Democrat

March 5, 2013

Incoming InterBank


Weatherford Democrat



By JUDY SHERIDAN

Outside, the sign still reads Town and Country Bank, but inside, staff are now answering the phone, “Aledo InterBank,” reflecting the change of ownership that took effect Jan. 25.

On that date, InterBank, a $2.1 billion state bank with 30 locations in Texas and Oklahoma, purchased Town and Country Bancshares Inc., with locations in Aledo, Granbury, Glen Rose, Bluff Dale and Stephenville.

“InterBank felt it would be a good opportunity to expand their banking presence,” Mark Martin, president of the Central Texas Region for InterBank, said. “We had nothing south of Graham. This takes us below I-20.”

Martin said Town and Country’s founder, Jim Chambers, retired, and other owners sold their stock.

The Aledo location was a branch of the Stephenville bank, Martin said, but under the new ownership, it will operate as a community bank with the authority to make its own lending decisions.

“We’re a much larger bank with more resources in all aspects,” he said, “but certainly in consumer, mortgage, commercial and real estate lending. We will be more aggressive in lending, with much larger lending limits.”

Martin said there will be no personnel changes, and Kevin Wright will remain the bank’s senior lender.

“We will offer the same variety of services,” he added. “Drive-through hours will be the same, we’ll have the same bank routing numbers and account numbers, and customers will be able to use their current checks until they’re gone.”

Martin said the new bank’s motto is, “We put our community first.”

“We intend to be a good corporate citizen, involved in the community and participating in charities,” he said. “We’re already one of the sponsors for ‘Ride for Heroes.’”

Martin said he will continue to have his central office in Stephenville but will be in Aledo weekly.

He said the new outside sign will be erected in mid-April.