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 were located 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. In 2013, our mortgage center moved to a new facility located at 3030 Matlock Road in Arlington and now supports mortgage lenders across Texas and New Mexico.
In addition to offering mortgage loans, we continued to expand our services to keep up with evolving technology. We have online banking, online bill pay, and offer many of the same services offered by larger institutions.
In 2012, Affiliated Bank became an active Small Business Administration lender. SBA loan programs have enabled us to offer expanded loan options to small businesses for purposes that include the purchase of land and building, construction, working capital, equipment, business acquisition and refinance of business debt.
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!