Western National Bank

Western National Bank

Former type	Private
Industry	Banking Financial services Investment services through WNB Private Client Services
Fate	Merged with Frost Bank
Founded	1977
Defunct	June 20, 2014 (2014-06-20)
Headquarters	Midland, Texas, U.S.
Number of locations	8 branches
Area served	Odessa, TX, Midland, TX, San Antonio, TX
Key people	Clay Wood, Chairman; Jack Wood, President & CEO
Products	Finance Consumer banking Corporate banking Wealth management Loans
Total assets	$1.1 billionUSD (March 31, 2011) Equity capital $92.1 million USD
Owner	WNB Bancshares, Inc.
Number of employees	170

Western National Bank (WNB) was an individually and privately owned bank that was chartered in 1977 in Odessa, Texas.

History

Western National Bank was chartered in 1977 and among the charter members were the Wood family. During the great oil bust of the 1980s, the Wood family saw the need for money to be invested in the bank and bought out the other investors. Western National Bank is one of the few banks that was established during that time and is still operating under the same name.^[1]

On June 20, 2014, Western National Bank was absorbed by Frost Bank. All seven Midland/Odessa branches became Frost Bank offices, and the San Antonio Western National Bank branch was closed.^[2]

References