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Our History

Our History

On June 6, 1955, Mr. L.E. Cowling, the owner of a Houston insurance company, formed an organization committee for the formation of Montrose National Bank of Houston. In a building located at 3400 Montrose at Hawthorne, the bank was officially chartered on May 31, 1956.

In 1961, the bank changed its name to Central National Bank of Houston and relocated its headquarters to 2100 Travis. For many years the building known as Central National Bank Square was the center of Houston commerce. In addition to the bank, prominent oil and insurance companies were tenants and the building hosted one of Houston’s most prominent dinner clubs.

In 1974, prominent Houston businessman Mr. Jack Josey became the bank’s majority shareholder. Mr. Josey was a successful independent businessman whose ventures included Josey Oil Company along with several real estate investments. Mr. Josey’s son-in-law, Mr. John Young, immediately took an active role on the board of directors and has served as Chairman since 1991. Mr. Young is a law school graduate but has spent most of his career operating his own oil and gas business.

The bank changed from a national bank to a state chartered bank in 1979 and amended its name to Central Bank of Houston. In 1987, Central Bank of Houston purchased the larger Houston-based Liberty Bank, which was located at the corner of Montrose and Richmond. Central Bank became the bank’s new shortened name in 1989 when “of Houston” was officially dropped. This name change allowed the bank more flexibility as they purchased two rural banks (Lexington Bank in 1989 and Caldwell National Bank in 1999 – both were later sold).

With the desire for a more efficient building and to have exposure along Memorial Drive, the bank moved its headquarters to 55 Waugh Drive in 1988. The bank’s growth began to accelerate in 1996, when over the next four years, three new branches were opened—Shepherd (which was later closed), Midtown, and Heights—and the bank purchased an established commercial accounts receivable factoring company, Advantage Business Capital.

Since inception in 1956, Central Bank always had its headquarters near the geographic center of Houston. With Houston’s population center moving further west, the bank’s owners and management wanted to reposition the bank for years of continued growth. Thus, in 2001 to reposition the bank for long term growth, a corporate headquarters building including a bank branch was constructed in West Houston on Clay Road at Beltway 8. In December 2008 the Post Oak Place branch was opened. Currently four branch locations along with wholly owned subsidiary Advantage Business Capital are in operation.

Central Bank has continually focused its efforts on being a strong community bank serving individuals and small businesses. In doing so it has become Houston’s longest-serving independent bank.