Woodforest National Bank has maintained its #1 position in market share among all Federal Deposit Insurance Corporation insured banks in Montgomery County for the 8th year in a row, officials said.
The FDIC’s market share report from June 30, 2005 stated Woodforest branches in the County had increased to 23.71% based on total deposits in excess of $827 million and 21 branch locations. Woodforest National Bank outranked 21 other banks and led the bank in 2nd position by more than 80%.
Michael Richmond, Vice Chairman of Woodforest stated, “We consider ourselves a hometown bank and being headquartered in Montgomery County we are pleased to be such a major player in this market. We will continue the reinforcement of our position through future branch openings in the County and by offering our unique array of convenient and innovative products like Absolutely Free Checking and Second Chance Checking at branches open 7 days a week, 24 hours a day.”
Celebrating 25 years of service and ranked among the top earning banks in the United States, Woodforest National Bank is the largest bank headquartered in Montgomery County and one of the largest employee-owned community banks in the greater Houston area, with assets in excess of $1.8 billion.
For information about Woodforest National Bank, please call 832-375-2508 or visit the bank’s website at www.woodforest.com.
