Affiliated Bank opened our doors in 1959 as Affiliated Federal Credit Union. We were chartered to be a financial institution that would benefit the Affiliated Food Stores, their owners, employees and their families. We began the next step of our journey when the Credit Union converted to a Federal Savings Bank on June 1, 1998. At that time, our asset size was $8 Million.
We made the decision to continue our focus on the financial needs of our current customers as we expanded our portfolio of financial services to include a variety of checking accounts and money market accounts. As we settled into our new name and position in our community, we continued to expand our lending products to include interim construction lending and small commercial lending, as well as establishing commercial checking products.
By May 1, 2000 we had grown to an asset size of $26 Million and we moved to our location at 500 Harwood Road in Bedford, Texas.
To stay adequately capitalized to support our growth, in May 2001, Affiliated Bank became a stock savings bank, organized in the form used by other commercial banks, most major corporations and a majority of savings institutions. This change enabled expanded operations, including increased lending and investment activities.
In March 2005 having outgrown our Bedford location, we began construction of an additional facility in Arlington that would become our new Main Location. We moved into our new building at 2326 W. Pleasant Ridge Road in Arlington, TX in September. Our Loan and Operations departments are now in the Arlington facility as well.
In November of 2008 our bank was joined by an experienced group of Mortgage bankers. This team of bankers has had a strong reputation in the Dallas and Fort Worth markets for over 20 years and in our opinion represent the very best the industry has to offer. They established the mortgage operation center at 4200 South Hulen St., Suite 304, Fort Worth. They now support mortgage lenders across Texas and Oklahoma. By the close of 2009 we were forced to rent additional space at the Hulen location to house the additional people needed to support our lenders.
In addition to now offering mortgage loans, we have been continually expanding our services to keep up with evolving technology. We have on line banking, on line bill pay, and offer many of the same services offered by larger institutions.
We are committed to maintaining the high level of service to which our customers have grown accustomed and continue to promote our “community bank” image by providing a comfortable and friendly environment in which to conduct financial business.
We invite you to stop by and see for yourself what a “Friendly Community Bank” feels like! By the end of your visit you will understand our motto – Why bank anywhere else!