First United Bank

From Wikipedia, the free encyclopedia
First United Bank & Trust
TypePrivate
IndustryBanking
Founded(as "Durant National Bank") Durant, Oklahoma (1900)
HeadquartersDurant, Oklahoma, United States
Key people
Greg Massey, Chairman/CEO
ProductsFinancial services
Total assets$6 Billion
Number of employees
1500
Websitewww.firstunitedbank.com

First United Bank is a banking institution headquartered in Durant, Oklahoma that specializes in personal and commercial banking, investment management, insurance, and mortgage products. First United controls ~$8 billion in combined assets[1]and is the 7th largest bank in Oklahoma.[2] There are 85 locations located throughout Oklahoma and Texas.

First United is owned by the Massey family. Former Oklahoma state senator John Massey[3] serves as chairman and his son, Greg Massey[4] leads the bank as chief executive officer.

History[]

First United[5] began as Durant National Bank[6] on Oct. 2, 1900 when it first opened in Blue County, Choctaw Nation Territory (known today as Durant, Oklahoma.) In 1915, Durant National Bank absorbed eight banks in the Oklahoma region, and, in 1916, constructed a new building in Durant at 2nd and Main Streets. In 1963, Durant National Bank was renamed to Durant Bank & Trust, becoming one of the first banks in Oklahoma to have full trust powers. Durant Bank & Trust was then renamed to be First United Bank in 1998.[7]

John Massey, an Oklahoma native, joined Durant Bank & Trust in 1966 as a director, and was appointed chairman of the board in 1986. At that time, he also became the majority shareholder and CEO. Greg Massey joined the bank in 1990, and succeeded his father as CEO in 2003. After a series of acquisitions, including the merger with American Bank of Texas in 2016,[8] First United has grown to over [9] 85 locations in Oklahoma and Texas with more than $7[10] billion in assets.

References[]

  1. ^ "First United Bank & Trust Company". ibanknet.com.
  2. ^ "Summary of Deposits". FDIC.
  3. ^ "Executive profile". Bloomberg.
  4. ^ "Executive Profile". Bloomberg.
  5. ^ "Bank Listing". Oklahoma Banking Department.
  6. ^ "Old Money From the Durant National Bank". Antique Money.
  7. ^ Massey, John (October 25, 2011). "Oklahoma Bank and Commerce History Project" (PDF). Oklahoma Historical Society.
  8. ^ Hoopfer, Evan. "Digital Reporter". Austin Business Journal. Retrieved 22 June 2016.
  9. ^ Bank, First United. "First United Bank - Spend Life Wisely(R)". www.firstunitedbank.com. Retrieved 2018-01-16.
  10. ^ Bank, First United. "First United Bank - Spend Life Wisely(R)". www.firstunitedbank.com. Retrieved 2019-11-05.

External links[]

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