Welcome to the Legend Bank Family, Information for Enloe State Bank Customers
BOWIE, Texas, May 31, 2019Legend Bank, N.A., Bowie, Texas, a $739-million asset bank headquartered in Bowie, Texas, announced today that it has acquired Enloe State Bank, headquartered in Cooper, Texas.  Legend Bank, N.A. entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC) as Receiver to assume the insured deposits of Enloe State Bank following Enloe State Bank’s closure by the Texas Department of Banking.  As of March 31, 2019, Enloe State Bank had approximately $30,500,000 in total insured deposits.

This transaction provides a unique opportunity for Legend Bank, N.A. to expand its operations into Northeast Texas, and also expands its branch network to 12 locations in the Texas cities of Alvord, Bonham, Bowie (its main office location), Cooper, Decatur, Fort Worth, Henrietta, Nocona, North Richland Hills, Sherman, Whitesboro, and Wichita Falls.

The announcement was made by Mickey Faulconer, President and CEO of Legend Bank, N.A.  "We are very excited to welcome the customers of Enloe State Bank to the Legend Bank family. Most importantly, we want to assure them their FDIC-insured deposits are safe, secure and accessible.  On Monday, June 3, 2019 it will be our privilege to serve these customers at the location in Cooper, Texas, and we will do our very best to ease this transition."

Mr. Faulconer added, "Legend Bank has a 129-year history of serving customers with the utmost integrity, care and concern. Our service began when we opened our doors as the first bank in Bowie, Texas in 1890. We are a different kind of banking partner and we hope the Enloe State Bank customers will enjoy banking with us as much as we look forward to serving them."

No immediate changes are anticipated, and Mr. Faulconer says it will be business as usual for Enloe State Bank’s customers and employees, all of whom will be retained by Legend Bank, N.A.  Enloe State Bank customers will automatically become customers of Legend Bank, N.A. with no need to change their banking relationship. Legend Bank, N.A. team members will be on hand in Cooper to facilitate the transition. Additional information and customer FAQs regarding this transition are available on the Legend Bank website, www.legend-bank.com.

About Legend Bank, N.A.

Legend Bank, N.A. was founded in 1890 in Bowie, Texas and operates from twelve locations throughout North Texas.  Following the acquisition of Enloe State Bank, Legend Bank, N.A.’s will have total assets of approximately $739,000,000 million, total loans of $480,000,000 million and total deposits of $650,000,000 million. 

Map of Legend Bank locations updated 5/31