JACINTO CITY – Capital Bank proudly but quietly celebrated its 50th anniversary on Thursday, September 10th with an Open House reception for its customers, employees, and shareholders.
The bank history dates back to April 10, 1965 when it first opened on Palestine Street with 285 accounts. A year later it needed a new building, which was built at the corner of Palestine and Mercury, and eventually became Jacinto City’s City Hall. In 1976 the bank moved to its present building on I-10, with a large drive-thru the next year.
The current president of the bank is Linden Goehring, an 11 year veteran of Capital Bank after many years with South Trust and Bayshore Bank.
In 1979 the FDIC moved to recapitalize the original bank, and asked Jeff Austin Jr. of Jacksonville to be chairman of the board of directors. In 1985 the bank name was changed to Capital Bank. At that time the president was Earl Votaw.
President Goehring pointed out to the North Channel Star that the bank is one of Houston’s oldest independent banks. It now has over $300 million in total assets, and has six full service locations in surrounding cities. Customers also can access over 1200 ATM’s throughout the state of Texas.
Goehring said that his goal is to add value to the relationship with each of the groups he serves: customers, employees, and shareholders.
Because of its size and structure, Capital Bank has the unique opportunity to make decisions in-house by its board. Locally owned and operated, the bank offers personal, responsive service that can be hard to find at other institutions, Goehring said. And yet, he noted, the bank has a comprehensive line of competitive products and services for businesses and individuals.
At the reception, the bank was presented with proclamations honoring them on this 50th Anniversary. Presentations were made by Jacinto City Mayor Ana Diaz, Federal Reserve official Cindy Pena, and Linda Jamail representing State Representative Ana Hernandez.
Goehring said that the bank plans to continue celebrating it anniversary with activities based on the 50th theme. These include a Pumpkin decorating contest and other events through the rest of the year.
Attending the reception were all the bank managers and employees, and shareholders, but Goehing took special pleasure in introducing Rose Marie Leveritt, noting that for many years when someone calls the bank they first talk with her, and she is truly the “Voice of Capital Bank.”
On a more serious note, Goehring said that he views the present staff as caretakers of a 50 year old tradition, and they have a responsibility to lead the bank, and the community, into the next 50 years.
Capital Bank is related through its board of directors to Austin Bank in Jacksonville. Austin Bank has assets of approximately $1.5 billion dollars. It has over 32 banking locations, in 22 cities through East Texas. Its directors include Jeff Austin, Jr., Jeff Austin III, and a number of other members of the family, which covers four generations in banking, back to a bank in Frankston founded by Jeff’s grandfather.
Jeff Austin, Jr. is well known in Texas Banking circles, having been president of the TBA Texas Banking Association in 1988.