Affiliated Bank opened its doors in 1959 as Affiliated Federal Credit Union. It was chartered to be a financial institution that would serve the Affiliated Food Stores, their owners, employees and their families. The next step of the journey began when the Credit Union converted to a Federal Savings Bank on June 1, 1998. At that time, the Bank’s asset size was $8 million.
In 2001, the Bank converted from a mutually owned bank into a stock owned savings bank, the ownership structure that would make future growth possible due to the improved ability to raise equity. This change enabled Affiliated to expand operations, including increased lending and investment activities.
The journey continued when the Bank entered into an Investment Agreement in 2017 with Susser Bank Holdings LLC (“SBH”). SBH is led by Sam L. Susser, a successful fifth-generation Texas businessman. The transaction, along with converting from a national thrift charter to a national bank provided us with the capital and flexibility to accelerate the Bank’s long-term growth and diversification strategy. The transaction closed on July 2, 2018.
Today, Affiliated Bank has over $1.1 billion in total assets and offers a full suite of personal and commercial banking products and services, supported by a robust technology platform. The Bank operates from its headquarters in Arlington, Texas, and has five full-service branches (Arlington, Bedford, Fort Worth, Garland and Round Rock). The Bank also has seven mortgage locations (Arlington, Brownwood, Dallas, Fort Worth, Frisco, Round Rock and Waco) and a dedicated SBA office in Arlington.
Affiliated Bank remains committed to providing a comfortable and friendly environment in which to conduct financial business while maintaining the high level of personal service to which its customers have grown accustomed. We take great pride in our “can do” culture and responsiveness for our customers, team members and shareholders.
In 1959, we set out to strengthen our communities by helping clients thrive and be successful. That remains our goal, today and tomorrow.