Woodforest News

Noticias y Comunicados de Prensa

Febrero 4, 2021

Woodforest National Bank Named 2020 BAI Global Innovation Awards Finalist

THE WOODLANDS, Texas, Feb. 4, 2021 /PRNewswire/ -- Woodforest National Bank® (Woodforest) is selected as a finalist in the Societal & Community Impact Innovation category for the 2020 BAI Global Innovation Awards, a prestigious awards program recognizing financial services organizations that have gone beyond the conventional to bring creative ideas to life, especially during a time of unprecedented change.

BAI Global Innovation Awards Finalist 2020

Woodforest National Bank is selected as a finalist in the Societal & Community Impact Innovation category for the 2020 BAI Global Innovation Awards, a prestigious awards program recognizing financial services organizations that have gone beyond the conventional to bring creative ideas to life, especially during a time of unprecedented change.


The award finalists represent the most distinctive, impactful solutions in the global financial services industry, and Woodforest was selected from hundreds of nominations submitted for its Woodforest CEI-Boulos Opportunity Fund which will help create over 1,800 jobs across the bank's 17 state footprint.


"Thank you, BAI, for recognizing our opportunity zone (OZ) fund on a global scale and CEI-Boulos Capital Management for teaming up with us to leverage both the OZ incentive and the Community Reinvestment Act (CRA) to make an impact for underserved communities across our bank's footprint," said Jay Dreibelbis, President and CEO, Woodforest National Bank. "We are extremely proud of the work our team has done in the OZ space to date."


The fund invests in high-impact commercial real estate projects in opportunity zones with the goal of positively benefitting these economically distressed communities. The fund's Social Impact Advisory Board provides input on social and environmental impacts of proposed investments using metrics that align with both the CRA and the "OZ Reporting Framework" developed by the U.S. Impact Investing Alliance, the Beeck Center at Georgetown University, and the Federal Reserve Bank of New York. The fund ensures all investments foster community engagement and promote social equity.


CEI-Boulos Capital Management, the fund's manager, is a joint-venture of Coastal Enterprises, Inc., a nationally renowned Community Development Financial Institution, and The Boulos Company, an integrated commercial real estate firm.


Since its inception in 2011, the BAI Global Innovation Awards recognizes industry leaders from all regions of the world. It showcases what these innovators are doing to deliver new value to customers and employees, as well as to improve efficiencies and profitability for their organizations. To learn more about the BAI Global Innovation Awards and all of the finalists, please visit BAIGlobalInnovations.com.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 750 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


About BAI

As a nonprofit, independent organization, BAI delivers the financial services industry's most actionable insights, enabling leaders to make smart business decisions every day. BAI is passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to drive positive change and move the financial services industry forward. For more information, visit www.bai.org.

Enero 26, 2021

Historic Hotel Reopens In Selma, AL, Creating 45 New Jobs, With Investment From Woodforest CEI-Boulos Opportunity Fund, A Partnership Between Woodforest National Bank And CEI-Boulos Capital Management

THE WOODLANDS, Texas, Enero 26, 2021 /PRNewswire/ -- The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $2 million equity investment in the redevelopment of the historic, long-shuttered St. James Hotel in Selma, Alabama. The St. James Hotel, the only hotel in downtown Selma, will support the city's growing civil rights tourism industry and help revitalize the local economy, creating 45 permanent jobs with training, health insurance and other benefits (42 of these jobs will be accessible to people with low incomes). The Woodforest CEI-Boulos Opportunity Fund is the only outside investor in the redevelopment project, spearheaded by Birmingham-based Rhaglan Hospitality, which renovated and expanded the iconic St. James Hotel into a boutique 55-key, Hilton Tapestry, full-service hotel.

The Woodforest CEI-Boulos Opportunity Fund, established by Woodforest National Bank® and CEI-Boulos Capital Management, made a $2 million equity investment in the redevelopment of the historic, St. James Hotel in downtown Selma, Alabama into a boutique 55-key, Hilton™ Tapestry, full-service hotel.

The Woodforest CEI-Boulos Opportunity Fund, established by Woodforest National Bank® and CEI-Boulos Capital Management, made a $2 million equity investment in the redevelopment of the historic, St. James Hotel in downtown Selma, Alabama into a boutique 55-key, Hilton™ Tapestry, full-service hotel.


"There is nothing more important to me than increasing investment and opportunity across Alabama's 7th District," said Rep. Terri Sewell. "That is why I have worked so hard in tandem with Alabama leaders to maximize the benefits of the Opportunity Zone program throughout Alabama's 7th District, from Birmingham to the Black Belt. I am especially grateful to Woodforest National Bank and CEI-Boulos Capital Management, LLC for their partnership in restoring the St. James Hotel in my hometown of Selma. This critically important investment will not only revitalize a historic asset of downtown Selma, but also support the city's growing civil rights tourism industry."


The hotel is a block from the Edmund Pettus Bridge, a National Historic Landmark that attracts tourists from around the world as the scene of "Bloody Sunday" when, in 1965, civil rights activists were attacked by law enforcement at the start of a planned march from Selma to Montgomery, an effort that ultimately led to passage of the Voting Rights Act.


"CEI-Boulos Capital Management is committed to harnessing the Opportunity Zone incentive to serve its intended purpose – to truly benefit and revitalize underinvested communities like Selma," said Sam Spencer, CEO and Managing Director, CEI-Boulos Capital Management. "Despite its world-wide fame, Selma is representative of thousands of other similar small rural communities that are struggling – and which the Opportunity Zone incentive was meant to benefit. The investment in the St. James Hotel will help revitalize Selma's downtown and attract people from around the world to learn about an important part of our nation's history. This investment is an example of the fund's efforts to leverage private capital to help address the nation's renewed focus on racial and economic equity."


"Woodforest is proud to see our fund invest in high impact and meaningful projects like the St. James Hotel," said Doug Schaeffer, Executive Vice President, CRA Executive Director, Woodforest National Bank. "Investments like this may not be possible but-for banks leveraging the combination of the OZ incentive and the Community Reinvestment Act. We hope to see other banks use this powerful investment tool to invest in underutilized assets in ways that allow communities to realize their full potential."


Built in 1837, the St. James Hotel is the last pre-Civil War riverfront hotel in the Southeast and is central to this rural community's rich history. Following the Civil War, the hotel was operated by Benjamin Sterling Turner who became the first African American elected to U.S. Congress in 1870. After closing as a hotel in the 1890s, the building was used for commercial and industrial purposes for over 100 years. It reopened as a hotel in 1997, and after years of management challenges, was closed in 2017.


"The redevelopment of the St. James Hotel is the beginning of a new chapter for Selma," said Joanne Bland, lifelong Selma resident and civil rights activist, owner of Journeys for the Soul (a civil rights touring agency), and co-founder and former director of the National Voting Rights Museum in Selma. "Like many other rural towns, the population is getting smaller and the kids don't come back home. People come to Selma, take pictures of the bridge, and move on to Montgomery. The hotel will make a big difference for our community."


Rhaglan Hospitality, which specializes in the restoration and adaptive re-use of historic assets, will manage the hotel. The project is well-aligned with the City of Selma's 25-year comprehensive plan to rejuvenate the historic downtown and nearby Riverfront Park.


Jim Lewis, CEO of Rhaglan Hospitality, stated, "The re-opening of the St. James Hotel culminates a five-year journey for Rhaglan Hospitality, made possible by the equity investment by the Woodforest CEI-Boulos Opportunity Fund and a redevelopment loan provided by American South Real Estate Fund. Without their assistance, we would not be re-opening as a 55-room hotel. The job creation and economic stimulus for an economy like Selma's cannot be underestimated. Our team is honored to have the opportunity to continue the vibrant history of the St. James Hotel and become an active part of the critically important city of Selma."


The St. James Hotel is one of nine investments made so far by the Woodforest CEI-Boulos Opportunity Fund. The fund recently also closed on an investment in the redevelopment of the American Red Cross Building in Birmingham.


"We are thrilled to play a role in this transformational project," said Morris Fisher, President of Boulos Asset Management and Managing Director of CEI-Boulos Capital Management. "Our fund searched for opportunities around the country. The St. James Hotel is a prime example of how Opportunity Zones can build economic opportunity in underinvested communities."


"Of the $150 million in deals we have helped to facilitate, bringing the St. James back to life ranks among the best - but it wouldn't be possible without partners. We have encountered few other funds that are as dedicated to authentic community engagement, in particular, with rural populations. We are proud to have made the connections between Rhaglan and the fund's management team," said Alex Flachsbart, founder, and CEO of Opportunity Alabama, a statewide 501(c)(3) organization dedicated to equitable economic development in Alabama's Opportunity Zones.


The Opportunity Zones program is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones are low-income census tracts nominated by governors and certified by the U.S. Department of the Treasury. There are over 8,700 certified Qualified Opportunity Zones across the 50 states and five U.S. territories. Investors in commercial real estate and operating businesses located in Opportunity Zones can receive certain federal capital gains tax advantages.


About Woodforest CEI-Boulos Opportunity Fund

The Woodforest CEI-Boulos Opportunity Fund invests in high-impact commercial real estate projects in federally designated Opportunity Zones with the goal of ensuring that its investments benefit economically distressed communities in which the projects are located. The fund is an innovative collaboration between Woodforest National Bank, the fund's investor, a privately held, employee-owned bank with over 750 branches, and CEI-Boulos Capital Management, LLC, the fund's manager, a joint-venture of Coastal Enterprises, Inc. (CEI), one of the nation's most successful Community Development Financial Institutions (CDFIs), with over 40 years of experience investing in communities with low-incomes, and The Boulos Company, an integrated commercial real estate firm with broad experience in capital markets and real estate development. The fund's Social Impact Advisory Board provides input related to the social and environmental impacts of proposed investments by using metrics that align with goals of both CRA and the "Opportunity Zones Reporting Framework" developed by a partnership of the U.S. Impact Investing Alliance, the Beeck Center on Social Impact and Innovation at Georgetown University, and the Federal Reserve Bank of New York. The fund is intentional in ensuring that all investments foster community engagement and promote social equity. The fund was recognized by Forbes and the Sorenson Impact Center as one of "The Forbes OZ 20: Top Opportunity Zone Catalysts" and one of the ten most innovative and impact focused Opportunity Zone funds in the country.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 750 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


About CEI-Boulos Capital Management

CEI-Boulos Capital Management was formed to manage Opportunity Zone funds focused on making investments in high-impact, community supported commercial real estate projects. The company is a joint venture between two long-standing and respected organizations, Coastal Enterprises, Inc. (CEI) and The Boulos Company. The CEI-Boulos Capital Management team represents a diverse set of relevant and synergistic skills and perspectives related to its multiple objectives. The two entities are:

  • Coastal Enterprises, Inc. (CEI) Founded in 1977, CEI has provided loans, equity investments and tax credit financing to nearly 3,000 businesses and projects. CEI and its for-profit subsidiaries have extensive experience in regulatory compliance and fund management. More at www.ceimaine.org.
  • The Boulos Company. Founded in 1975, The Boulos Company and its family of companies has extensive experience in all aspects of commercial real estate, including development, construction, brokerage, property management, and capital markets. More at www.boulos.com.

Diciembre 23, 2020

Woodforest National Bank Development Supports Revitalization in Downtown Conroe

THE WOODLANDS, Texas (December 23, 2020) - Woodforest National Bank® ("Woodforest") broke ground on a new mixed-use business center in historic downtown Conroe, Texas at 400 West Davis on December 15, 2020. This is the first project in Conroe to provide ‘Class A’ office space in a designated Opportunity Zone.


The bank is also working with local community partners, entrepreneurs, and small businesses to launch its award-winning Woodforest FoundrySM program after the new facility opens in 2022.


“We are pleased to be the first business to offer 20,000 square feet of ‘Class A’ office space in addition to 9,000 square feet of ground floor retail in the Downtown Conroe business zone. We are also excited to support area entrepreneurs who want to test their business ideas through the Foundry. Since this development is in an Opportunity Zone, in line with the goal of the program, we are doing our part to spur economic revitalization, and return this area to a thriving commercial corridor,” said Jay Dreibelbis, President and CEO, Woodforest National Bank.


The Woodforest Foundry is the recipient of the Consumer Bankers Association's 2019 Joe Belew Award, for the most innovative and impactful small business initiative. The Woodforest Foundry is facilitated by entrepreneurs acting as mentors to activate local entrepreneurial ecosystems, which revitalizes underserved communities and helps grow businesses. With the Woodforest Foundry, entrepreneurs find a community of mentors and trusted guidance from peers, Woodforest bankers and community partners.


Woodforest National Bank will anchor the first floor of the new three-story, 32,800 square-foot building, including a full-service drive-thru facility and an ATM. The building will also be a marquis tenant location with 9,000 square feet being dedicated to retail space. The prior building was constructed in 1962 and had been home to one of Woodforest’s most tenured branches which opened in 1996. The new center development is scheduled to open in the first quarter of 2022.


Woodforest is emerging as a bank leader in Opportunity Fund investments. The Opportunity Zones program is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones are low-income census tracts nominated by governors and certified by the U.S. Department of the Treasury. There are over 8,700 certified Qualified Opportunity Zones across the 50 states and five U.S. territories.


During construction of the Conroe Downtown development, the following nearby locations are available to meet Woodforest banking needs: Conroe 105, located at 3101 West Davis, Loop 336, located at 1111 N West, Conroe Walmart®, located at 1407 North Loop 336 West and Tu Banco Fruitlandia located at 525 South Frazier. In addition, Woodforest has a new drive-thru ATM located at 733 West Davis in the Conroe Center parking lot.

About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 750 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


New branch rendering:

Woodforest National Bank Development Supports Revitalization in Downtown Conroe

Diciembre 16, 2020

Woodforest National Bank Breaks Ground On New Mixed-Use Development and Bank Branch in Downtown Conroe

THE WOODLANDS, Texas (December 16, 2020) - Woodforest National Bank® ("Woodforest") held a groundbreaking ceremony on December 15, 2020, for its new mixed-use business center in historic downtown Conroe, Texas at 400 West Davis.


The prior building on the site was originally constructed in 1962 and had been home to one of Woodforest's most tenured branches which opened in 1996. The new center development is scheduled to open in the first quarter of 2022.


The official groundbreaking ceremony, held in conjunction with the Bank’s annual Conroe appreciation event, was attended by several city and county leaders and officials. In attendance were Conroe City Administrator and Conroe Economic Development Council advisory board member Paul Virgadamo, Jr., Conroe Mayor Pro Tem Raymond McDonald, Woodforest National Bank board members, bank founder and Chairman, Robert E. Marling, Jr. and bank President and CEO, Jay Dreibelbis.


“As we mark Woodforest National Bank’s 40th anniversary of banking, we are extremely proud and excited to break ground on the construction of a new flagship bank branch in Downtown Conroe branch, which was one of our first locations in Montgomery County and will also serve as a business center for the development of other entities in our community,” said Dreibelbis.


Mayor Pro Tem McDonald, added, “Woodforest bank, Conroe’s hometown bank, has been a wonderful partner for the community for many years. The new state of the art banking and business commerce center in downtown Conroe is an asset to the community and will help promote the revitalization efforts. It provides much needed high-tech class A office space for new businesses looking to come in the future. Providing this trophy asset to Conroe, the partners of Woodforest bank will be able to provide resources for small business, government, and corporate users to further help bring entrepreneurs and jobs to the Miracle city.”


Conroe Mayor Jody Czajkoski, commented, “We are all so grateful and excited about the outstanding commitment Woodforest is making in downtown Conroe. This beautiful, multi-story, mixed use building is a sign of things to come for our fantastic City. We appreciate Woodforest’s commitment to Conroe and look forward to seeing the transformation taking place on Woodforest’s corner and throughout the City of Conroe. It’s Conroe’s time to shine!”


Following a groundbreaking ceremony with shovels and sledgehammers breaking up the last remaining walls and foundation of the original building, guests enjoyed festive fellowship with refreshments and the singing of holiday carols performed by local groups.


Upon completion, Woodforest National Bank will anchor the first floor of the new three-story, 32,800 square-foot building, occupying 3,800 square feet for its branch, including a full-service drive-thru facility and ATM’s. In addition to the branch space, the building will be a marquis tenant location with 9,000 square feet being dedicated to retail space and 20,000 square feet to Class A office space.


For Woodforest National Bank customers’ convenience during construction, the following nearby locations are available to meet banking needs: Conroe 105, located at 3101 West Davis, Loop 336, located at 1111 N West, Conroe Walmart®, located at 1407 North Loop 336 West and Tu Banco Fruitlandia located at 525 South Frazier. In addition, Woodforest has a new full-service drive-thru ATM located at 733 West Davis in the Conroe Center parking lot.

About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 750 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


Photos from Groundbreaking:

From left: Woodforest National Bank representatives Julie Mayrant, President of Retail Division; Robert E. Marling, Jr., Bank Founder and Chairman; Jay Dreibelbis, Bank President and CEO; George Sowers, Bank Board Member; Patricia Brown, Conroe President; and Linda O’Dell, Conroe Downtown Branch Manager.

(#40): From left: Woodforest National Bank representatives Julie Mayrant, President of Retail Division; Robert E. Marling, Jr., Bank Founder and Chairman; Jay Dreibelbis, Bank President and CEO; George Sowers, Bank Board Member; Patricia Brown, Conroe President; and Linda O’Dell, Conroe Downtown Branch Manager.

From left: Woodforest National Bank representatives Julie Mayrant, President of Retail Division; Robert E. Marling, Jr., Bank Founder and Chairman; Conroe Mayor Pro Tem Raymond McDonald; Jay Dreibelbis, Bank President and CEO; George Sowers, Bank Board Member; and Curt Maddux, Conroe City Councilman.

(#59): From left: Woodforest National Bank representatives Julie Mayrant, President of Retail Division; Robert E. Marling, Jr., Bank Founder and Chairman; Conroe Mayor Pro Tem Raymond McDonald; Jay Dreibelbis, Bank President and CEO; George Sowers, Bank Board Member; and Curt Maddux, Conroe City Councilman.

Diciembre 2, 2020

Woodforest National Bank Launches First Virtual Woodforest Foundry with LiftFund Dallas/Fort Worth Women's Business Center

THE WOODLANDS, Texas, Diciembre 2, 2020 / Woodforest National Bank® teamed up with LiftFund Dallas/Fort Worth Women's Business Center to launch its first virtual/online Woodforest FoundrySM.


The Woodforest Foundry is an award-winning program and recipient of the Consumer Bankers Association's 2019 Joe Belew Award, for the most innovative and impactful small business initiative. The Woodforest Foundry is facilitated by entrepreneurs, for entrepreneurs, acting as mentors to activate local entrepreneurial ecosystems, which revitalizes underserved communities and helps grow businesses. With the Woodforest Foundry, entrepreneurs find a community of mentors and trusted guidance from peers, Woodforest bankers and community partners.


Doug Schaeffer, Executive Vice President and CRA Executive Director at Woodforest, commented, "Thank you LiftFund Dallas/Fort Worth Women's Business Center for working with us to launch the Woodforest Foundry for the first time, 100-percent online. Because supporting entrepreneurship and small businesses is critical, especially now, our team quickly adapted the Woodforest Foundry program into a virtual format which is establishing a network of peers across Woodforest's footprint despite the COVID-19 pandemic."


Tarsha Hearns, Director of the LiftFund Dallas/Ft. Worth Women's Business Center added, "Teaming up with Woodforest National Bank to launch the Woodforest Foundry (virtual edition) empowered entrepreneurs to pursue their entrepreneurial dreams and helped us expand our reach. This joint effort strengthened our mission to support business owners, especially women and minorities, through business education and mentoring."


The Woodforest Foundry starts with open community events called Entrepreneurship4AllSM that demystify entrepreneurship through candid conversations with successful entrepreneurs from the community. Next, aspiring entrepreneurs complete a series of educational ideation workshops called Ideas 2 Action. Lastly, entrepreneurs test and validate their ideas in a cohort of their peers, successful small business owners, and other professionals who provide mentorship and trusted guidance. Twelve women graduated from this first virtual cohort representing industries such as fashion, accounting, home manufacturing, trucking, and retail.


For more information about the Woodforest Foundry, please contact Doug Schaeffer, Executive Vice President and CRA Executive Director at dschaeffer@woodforest.com or Krystian Reyes, Community Development Relationship Officer, East Texas at kreyes@woodforest.com.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


About LiftFund Dallas/Ft. Worth Women's Business Center

The LiftFund Dallas/Fort Worth Women's Business Center (DFW WBC) is dedicated to supporting business owners, especially women and minorities, through business advising and training services. Launched in 2018, the DFW WBC has served the Greater Dallas/Fort Worth small business community with guidance, programming, and resources to empower entrepreneurs at all stages of their business. The DFW WBC is a program of LiftFund, a non-profit small business lender, and funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Noviembre 5, 2020

Woodforest National Bank Continues Branch Expansion Across Texas

THE WOODLANDS, Texas, Noviembre 5, 2020 / Woodforest National Bank® ("Woodforest") is excited to announce its continued commitment in Texas by building a new location which opened October 30th at 2391 S. Wayside Drive, Houston TX, 77023 inside Walmart®. This new branch offers a full range of banking services for consumer and business customers, including a depository ATM available when the Walmart store is open.


"Woodforest Bank is celebrating its 40th anniversary this year by continuing our commitment to being Texas strong. Our goal is to provide more locations and convenience for customers to meet their banking needs, and we are excited to open our 208th location in our great home state of Texas," said Julie V. Mayrant, President, Retail Division, Woodforest National Bank.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Our bank location inside Walmart at 3900 Morse Rd., Columbus, OH. Pictured are Vance Steele, Market Manager, William Cole, Branch Manager, Joshua Quargraine, Retail Banker and Charlie Pollitt, Regional Manager.

Woodforest Bankers recently celebrated the opening of our newest location inside Walmart at 2391 S. Wayside Drive, Houston, Texas 77023. Pictured from left to right are: Adriana Mondragon Retail Banker, Doris Velasquez, Market Manager, Brian Kolenda, Regional Manager, Moufid Hajjar, Branch Manager, Mike White, Divisional Manager, Ivan Gutierrez, Walmart Manager, Julie V. Mayrant, President, Retail Division and Yamilsa Herrera, Retail Banker.

Octubre 22, 2020

Woodforest National Bank Continues Branch Expansion In North Carolina

THE WOODLANDS, Texas, Octubre 22, 2020 / Woodforest National Bank® ("Woodforest") is excited to announce its continued commitment in North Carolina by building a new location which opened on October 16th at 2500 Forest Hills Rd. W., Wilson, NC, 27893 inside Walmart®. This new branch offers a full range of banking services for consumer and business customers, including a depository ATM available when the Walmart store is open.

Our bank location inside Walmart at 3900 Morse Rd., Columbus, OH. Pictured are Vance Steele, Market Manager, William Cole, Branch Manager, Joshua Quargraine, Retail Banker and Charlie Pollitt, Regional Manager.

Pictured above is the new Woodforest National Bank branch inside Walmart at 2500 Forest Hills Rd. W., Wilson, NC.


"Woodforest Bank is proud to be a part of this thriving state by opening its 91st location in North Carolina. We are excited to invest in the community and look forward to building relationships in the Wilson market. Our goal is to continue to provide convenient and seamless solutions for our customers," said Julie V. Mayrant, President, Retail Division, Woodforest National Bank.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Octubre 20, 2020

Woodforest National Bank opens new branch in Columbus Ohio

THE WOODLANDS, Texas, Octubre 20, 2020 / Woodforest National Bank® ("Woodforest") is excited to announce its continued commitment to Ohio by building a new location which opened on October 16 at 3900 Morse Rd., Columbus, OH, 43219 inside Walmart®.. This new branch offers a full range of banking services for consumer and business customers, including a depository ATM available when the Walmart store is open.

"We are committed to investing in our communities and thrilled to open our new branch in Columbus, which marks Woodforest's 76th location in Ohio," said Julie V. Mayrant, President, Retail Division, Woodforest National Bank.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Our bank location inside Walmart at 3900 Morse Rd., Columbus, OH. Pictured are Vance Steele, Market Manager, William Cole, Branch Manager, Joshua Quargraine, Retail Banker and Charlie Pollitt, Regional Manager.

Above is our bank location inside Walmart at 3900 Morse Rd., Columbus, OH. Pictured are Vance Steele, Market Manager, William Cole, Branch Manager, Joshua Quargraine, Retail Banker and Charlie Pollitt, Regional Manager.

Octubre 14, 2020

Woodforest CEI-Boulos Opportunity Fund Closes Over $1.3 Million Opportunity Zone Equity Investment In Sharswood Ridge Project To Help Revitalize Philadelphia's Sharswood Neighborhood

THE WOODLANDS, Texas, Octubre 14, 2020 / The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established in August 2019 by Woodforest National Bank® and CEI-Boulos Capital Management, recently closed on $1.33 million in equity capital, the first private equity committed to and invested in the Sharswood Ridge project to help revitalize the Sharswood neighborhood in Philadelphia. The project will build affordable and workforce housing and retail development, including a grocery store (Grocery Outlet), a bank branch, and an urgent care medical clinic, all of which the neighborhood desperately needs. The 234,000 square foot project is a key component of a comprehensive plan spearheaded by the Philadelphia Housing Authority (PHA) to rebuild the long-underinvested Sharswood community, a federally designated "food desert" and "severely distressed" area.

Pictured here is an image of Sharswood Commons prior to development, and artistic renderings of the Sharswood Ridge project at completion. The project will bring much needed affordable and workforce housing, a grocery store, an urgent care medical center, and more to Philadelphia's Sharswood neighborhood. Credit: Sharswood Partners, LLC.

Pictured here is an image of Sharswood Commons prior to development, and artistic renderings of the Sharswood Ridge project at completion. The project will bring much needed affordable and workforce housing, a grocery store, an urgent care medical center, and more to Philadelphia's Sharswood neighborhood. Credit: Sharswood Partners, LLC.


Sharswood Ridge is located at 2077 Ridge Avenue in the North Philadelphia neighborhood of Sharswood. The project is expected to generate more than 200 construction jobs and create over 200 permanent jobs (70 percent are expected to be made available to local residents). Close to 80 percent of the 98 mixed housing units will be workforce housing (rents approximately 80-100 percent area median income) and the remaining 20 percent of units will be deeply affordable through project-based vouchers from the Philadelphia Housing Authority. Construction is anticipated to begin in October 2020.

This is the seventh investment made by the Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established in August 2019 by Woodforest National Bank® and CEI-Boulos Capital Management. The Woodforest CEI-Boulos Opportunity Fund's investment in the Sharswood Ridge project is catalytic and represents the first piece of private capital injected into the area's overall revitalization plan. The fund is the majority private equity investor in the approximately $50 million Sharswood Ridge project.

This project was made possible by many organizations who are committed to supporting the vision that residents of Sharswood have for their community. Numerous for-profit and nonprofit partners collaborated and created an innovative financial structure, bringing the project to life.

"CEI-Boulos Capital Management is committed to harnessing the Opportunity Zone incentive to serve its intended purpose – to truly benefit and revitalize underinvested communities, like Sharswood," said Sam Spencer, CEO and Managing Director, CEI-Boulos Capital Management. "The neighborhood was once an important national center of American jazz music and we are excited to play a role in its comeback. The investment in Sharswood Ridge is a great example of the fund's efforts to leverage private capital to help address the nation's renewed focus on racial and economic disparity."

"The Woodforest CEI-Boulos Opportunity Fund is the first private investor delivering much needed capital to community in Philadelphia, my home, that for too long has lacked the investment needed to realize its full potential. This investment is a strong example of how Opportunity Zone investments can make a real, positive impact. Woodforest is proud to work with our partners on this innovative transaction and be a part of the revitalization of Sharswood. We hope other investors will join us and bring even more capital to the community of Sharswood," said Doug Schaeffer, Executive Vice President, CRA Executive Director, Woodforest National Bank.

"This project will be transformational for this under-invested community in Philadelphia and we are thrilled to play a role in the creation of this incredible private-public partnership," said Drew Sigfridson, Managing Director and Partner, The Boulos Company. "Our fund has searched for opportunities around the country and the Sharswood development is a prime example of how Opportunity Zones work in building under-served communities."

In addition to the Woodforest CEI-Boulos Opportunity Fund's Opportunity Zone equity investment, the project's extensive public-private financing includes New Markets Tax Credit financing; PHA loans; Redevelopment Assistance Capital Program grants from the state of Pennsylvania; and PIDC loans. Additional private investment was provided by Harris Blitzer Sports & Entertainment's (HBSE) real estate and community enrichment arm, HBSE Real Estate, and a team of local investors who contributed through a unique community crowd-sourced fund, called Small Change.

The project developer, Sharswood Partners, LLC, is a partnership between Mosaic Development and SHIFT Capital, two Philadelphia-based community-focused developers committed to delivering social impact in underinvested urban neighborhoods.

"We are thrilled to be able to bring such significant essential services to a community has been marred by more than 30 years of disinvestment," said Greg Reaves, Principal, Mosaic Development Partners. "This unique partnership, combining public and private investment through the New Markets Tax Credit and Federal Opportunity Zone programs, could serve as a roadmap for other communities looking to revitalize communities entrenched in economic despair."

"Sharswood Ridge will be considered a national model for creative public-private partnerships. It is a testament to mission-aligned developers and investors working together with our government partners to deliver a project that the community needs and deserves," said Brian Murray, CEO, SHIFT Capital. "SHIFT is thankful to the Woodforest CEI-Boulos Opportunity Fund for their early commitment to the project and to all of our partners who believe in the greater mission of this project and the investment in the Sharswood neighborhood."

"Diverse public, private and nonprofit partners wove together complementary types of capital to bring affordable housing, a grocery store and financial services to this historic community, which has struggled for several decades," said Betsy Biemann, CEO of Coastal Enterprises, Inc. (CEI). "CEI works daily to build an economy that lifts up everyone; we are proud to be one of the partners making this project a reality."

Kris Eimicke of the law firm of Pierce Atwood served as counsel to the Woodforest CEI-Boulos Opportunity Fund on the transaction.


About Woodforest CEI-Boulos Opportunity Fund

The Woodforest CEI-Boulos Opportunity Fund invests in high-impact commercial real estate projects in federally designated Opportunity Zones with the goal of ensuring that its investments benefit economically distressed communities in which the projects are located. The fund is an innovative collaboration between Woodforest National Bank, the fund's investor, a privately held, employee-owned bank with over 750 branches, and CEI-Boulos Capital Management, LLC, the fund's manager. CEI-Boulos Capital Management is a joint-venture of Coastal Enterprises, Inc. (CEI), one of the nation's most successful Community Development Financial Institutions (CDFIs), with over 40 years of experience investing in communities with low-incomes, and The Boulos Company, an integrated commercial real estate firm with broad experience in capital markets and real estate development. In addition to Sharswood Ridge, the fund has closed on Opportunity Zones investments in both urban and rural areas such as Selma, Alabama; the Anacostia neighborhood of Washington, DC; the Native American community of Pembroke, North Carolina; Evansville, Indiana; Indianapolis, Indiana; and Rochester, New York; and is working to close additional transactions. The fund's Social Impact Advisory Board provides input related to the social and environmental impacts of proposed investments by using metrics that align with goals of both CRA and the "Opportunity Zones Reporting Framework" developed by a partnership of the U.S. Impact Investing Alliance, the Beeck Center on Social Impact and Innovation at Georgetown University, and the Federal Reserve Bank of New York. The fund is intentional in ensuring that all investments foster community engagement and promote social equity.

The Woodforest CEI-Boulos Opportunity Fund was recognized by Forbes and the Sorenson Impact Center's "The Forbes OZ 20: Top Opportunity Zone Catalysts," as one of the 10 most innovative and impact focused Opportunity Zone funds in the country.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


About CEI-Boulos Capital Management

CEI-Boulos Capital Management was formed to manage Opportunity Zone funds focused on making investments in high-impact, community supported commercial real estate projects. The company is a joint venture between two long-standing and respected organizations, Coastal Enterprises, Inc. (CEI) and The Boulos Company. The CEI-Boulos Capital Management team represents a diverse set of relevant and synergistic skills and perspectives related to its multiple objectives. The two entities are:

  • Coastal Enterprises, Inc. (CEI) Founded in 1977, CEI has provided loans, equity investments and tax credit financing to nearly 3,000 businesses and projects. CEI and its for-profit subsidiaries have extensive experience in regulatory compliance and fund management. More at www.ceimaine.org.
  • The Boulos Company. Founded in 1975, The Boulos Company and its family of companies has extensive experience in all aspects of commercial real estate, including development, construction, brokerage, property management, and capital markets. More at www.boulos.com.

Octubre 8, 2020

Woodforest National Bank Wins Statewide Best Of Community Banking Award

Independent Bankers Assoc. of Texas recognizes Woodforest's COVID-19 response


THE WOODLANDS, Texas, Octubre 8, 2020 / The Independent Bankers Association of Texas ("IBAT")—one of the largest state bank associations in the nation—recently honored Woodforest National Bank® ("Woodforest") with a Best of Community Banking ("BOCB") Award. The bank received a Silver Eagle award for its bank culture entry that focuses on Woodforest's response to COVID-19 through its culture of servant leadership.

Pictured with the award is Jay Dreibelbis, President and CEO; and Julie V. Mayrant President of the Retail Division with Woodforest National Bank.

Pictured with the award is Jay Dreibelbis, President and CEO; and Julie V. Mayrant President of the Retail Division with Woodforest National Bank.


Woodforest's entry highlighted its servant leadership culture, which led to its immediate and far-reaching response to COVID-19. The bank recognized the role it could play in helping customers and small businesses make it through the pandemic. As with past disasters, Woodforest unhesitatingly chose to keep its 750-plus branches open across all 17 states, including Texas, while ensuring the health and safety of its 4,900+ employees and 1.3 million customers was a priority. The bank rapidly redesigned its in-store and traditional branch lobbies to ensure personal protection. It also anticipated the demand for the Small Business Administration's Paycheck Protection Program ("PPP") and prepared to meet its communities' funding needs. Woodforest was recognized in the top 10 in the Houston-area by the Houston Business Journal for the dollar amount of PPP loans made as of early May 2020.


"Thank you IBAT for your ongoing support. Woodforest is honored to accept this noteable award on behalf of our employees who worked tirelessly during the height of the pandemic to help our customers safely while facing their own personal challenges. Our team is family, and I'm proud to be part of it," said Jay Dreibelbis, President and CEO, Woodforest National Bank.


2020 marks the 29th year IBAT has celebrated the outstanding accomplishments of Texas community banks with the BOCB Award. Community banks, such as Woodforest National Bank, play a critical role in their local communities. The Best of Community Banking competition is designed to honor banks for their commitment to helping their customers, neighbors, and community. BOCB Awards recognize community banks throughout the state for their innovation, creativity, and success in fulfilling a specific community or internal need. Each submission received a gold, silver, or bronze award in one of five categories: architectural design, bank culture, community service, financial literacy, and marketing.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com


About the Independent Bankers Association of Texas

Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation with membership comprised of more than 2,200 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets range in size from $21 million to $34 billion with combined assets statewide of $374 billion. IBAT member banks are committed to supporting and investing in their local communities.

Septiembre 22, 2020

Woodforest National Bank Announces Appointment of Mike Jain to its Board of Directors

THE WOODLANDS, Texas, Septiembre 22, 2020 / Woodforest National Bank® ("Woodforest") is pleased to announce the appointment of the Bank's newest board member, Umesh "Mike" Jain, CPA.

Mike migrated to the U.S. in 1981, becoming a U.S. citizen in 1987. He lives in Sugar Land, TX, with his wife Rajini and has two grown children. In 1986 he founded Jain & Jain, P.C.("Jain & Jain") Accountants and Tax Consultants, an accounting firm that focuses primarily on assurance and tax services for privately held businesses in Houston, TX. Jain & Jain builds solutions for every stage of the business growth cycle and tailors their approach to provide personalized attention, ensuring clients receive the highest quality of customized service.

Mike is currently a member of the Lieutenant Governor’s Advisory Board consisting of 55 Texas Business and Industry Leaders and is a member of both the State of Texas Office of Small Business Assistance Advisory Task Force and the Audit committee of Greater Houston Community Foundation.

When asked what Mike will bring to the board, Jay Dreibelbis, President and CEO, Woodforest National Bank, had this to say, "Mike is a longtime investor and friend of the bank, and has considerable experience in the banking industry, having served as a board member for a number of successful banks and businesses in the Houston area. He is a prominent and respected businessman who has actively participated in the growth of our community. His wide circle of influence in the Houston banking and business communities made him a natural choice to complement our team."


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Woodforest National Bank Announces Appointment of Mike Jain to its Board of Directors

Septiembre 15, 2020

Woodforest National Bank Celebrates 40th Anniversary with Development in Downtown Conroe

THE WOODLANDS, Texas, Septiembre 15, 2020 / Woodforest National Bank® ("Woodforest") is pleased to announce its plan to develop a new mixed-use business center in historic downtown Conroe, Texas. The site is currently home to a Woodforest branch located at 400 West Davis, in Conroe. The current building, constructed in 1962, is one of Woodforest's most tenured branches which opened in 1996. Construction will begin in the fourth quarter of 2020 and is scheduled to open in the first quarter of 2022.

Jay Dreibelbis, Woodforest Bank’s President and CEO, commented, "As we continue to celebrate Woodforest's 40th year in banking, it gives me great pride to unveil a brand-new building for our Conroe Downtown branch, one of our first locations in Montgomery County. This location symbolizes our hope for the future while we continue to honor our past and our roots in the Conroe community."

Woodforest will anchor the first floor of the new building, occupying 3,800 square feet for its branch, full-service ATM and drive-thru facility.

In addition to the branch space, the building will be a marquis tenant location with 9,000 square feet being dedicated to retail space and 20,000 square feet being used for Class A office space.

For your convenience during construction, these nearby locations are available to meet your banking needs: Conroe 105, located at 3101 West Davis, Loop 336, located at 1111 N West, Conroe Walmart®, located at 1407 North Loop 336 West and Tu Banco Fruitlandia located at 525 South Frazier. In addition, Woodforest will have a new drive-thru ATM located at 733 West Davis in the Conroe Center parking lot.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Woodforest National Bank Celebrates 40th Anniversary with Development in Downtown Conroe

Septiembre 11, 2020

Woodforest National Bank opens new branch in North Carolina

THE WOODLANDS, Texas, Septiembre 11, 2020 / Woodforest National Bank® (“Woodforest”) is excited to announce its continued commitment to North Carolina by building a new location, which opens for business today at 2420 Supercenter Drive NE, Kannapolis, NC 28083 inside Walmart®. This new branch offers a full range of banking services for consumer and business customers, including two ATMs to serve customers’ needs available 7 a.m. – 10 p.m. Monday through Sunday.

“We are passionate about investing in our communities and excited to open our new branch in Kannapolis, which marks Woodforest’s 93rd location in North Carolina,” said Julie V. Mayrant, President, Retail Division, Woodforest National Bank.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

New branch in North Carolina

Septiembre 4, 2020

Woodforest National Bank's 11th Annual 5K Charity Run Goes Virtual in 2020

THE WOODLANDS, Texas, Septiembre 4, 2020 / Woodforest National Bank® (“Woodforest”) is proud to announce its 11th annual Woodforest 5K Charity Run in celebration of the Bank’s 40th anniversary this September. The 5K run/walk will take place from September 19–30. This virtual walk/run may be completed anytime of the day during the race period, anywhere in the United States. Participants are asked to run or walk the 5K route of their choice – even a treadmill. For the past ten years this run was held on site in Conroe, Texas at Heritage Park in partnership with the City of Conroe. “This is the first year our annual charity run will be open to everyone across the nation in a virtual format to respect social distancing,” said Jay Dreibelbis, President and CEO, Woodforest National Bank. “We look forward to welcoming race participants to celebrate our 40th anniversary in a creative way. With many people working or going to school remotely this is a fun option to promote health and wellness for a wonderful cause,” he said.

As always, net proceeds from the run will benefit the Woodforest Charitable Foundation®. To learn more about the event, the foundation or to register, please visit these links:

Learn More About the Charity Run | Register Now

The registration fee includes a custom dri-fit t-shirt commemorating the event shipped directly to each participant.

For additional questions about the charity run, please email woodforestcharityrun@woodforest.com


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Woodforest Charity Run

Agosto 31, 2020

Woodforest National Bank celebrates 40 years with opening two new locations in Alabama

THE WOODLANDS, Texas, August 31, 2020 / Woodforest National Bank® (“Woodforest”) is excited to announce its continued commitment to Alabama by building two locations at 2200 S. McKenzie Street, Foley, AL 36535, and 9248 Parkway E, Birmingham, AL 35206 which opened on August 28th. The new branches will offer a range of banking services for consumer and business customers.

“We are always happy to invest in our communities and appreciate that our customers continue to support us by making Woodforest their bank of choice,” said Julie Mayrant, President, Retail Banking Division, Woodforest National Bank. “Woodforest will now have 44 locations to serve customers in Alabama,” she said.


About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com

Picture #1 of the new locations in Alabama Picture #1 of the new locations in Alabama

Woodforest National Bank is excited to introduce two new locations in Alabama. Above is our bank location inside Walmart at 2200 S. McKenzie Street, Foley, AL.

Julio 30, 2020

Woodforest National Bank breaks ground on 29th location in Montgomery County

THE WOODLANDS, Texas, July 30, 2020, Woodforest National Bank® recently broke ground on its 29th branch in Montgomery County located in the Woodforest Development community at 895 Fish Creek Thoroughfare in Montgomery, Texas.

The new branch is anticipated to open in early 2021, it will have approximately 22,000 square feet of bank and tenant space (12,000). This Woodforest location will offer a diverse array of banking services for consumer and commercial customers including full-service banking with Lobby, Drive-Thru and ATM services.


Open New Fishcreek Location


“We are very excited to be a part of this development, and our bank is dedicated to investing our team’s time and resources to continue the legacy the Woodforest community has built and established over the years as we celebrate our 40th anniversary,” said Jay Dreibelbis, President and CEO, Woodforest National Bank.”

To celebrate the opening of this new location, Woodforest Bank will host a ribbon cutting ceremony with opening comments by members of the Woodforest Leadership Team. The Bank will announce the event date in early 2021.

About Woodforest National Bank

Celebrating 40 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates over 730 branches in 17 states across the United States and is an Outstanding CRA rated institution.

Marzo, 2020

A Message from President and CEO James “Jay” Dreibelbis

This is an unprecedented time for our country and around the globe as we work together to combat the spread of the coronavirus (COVID-19). Our team is working diligently to ensure we’re here when you need us to meet your banking needs. Be assured, Woodforest remains financially strong and committed to providing the very best in financial services regardless of the challenges our nation may face.

Our bankers are ready in our branches, by phone and online to help you make the best financial decisions. By continuing to deliver the same great service you’ve come to expect from us over the last 40 years, we want to alleviate any worry about your banking needs. Our branches, Customer Experience Center, drive-thrus, ATMs; and online and mobile banking channels remain available to you. Customers sholid also visit our website at woodforest.com for the latest news. Please check back frequently as things are changing quickly

Woodforest's community service gold winning entry, Woodforest Foundry, is facilitated by entrepreneurs, for entrepreneurs, as mentors to enhance local entrepreneurial ecosystems, which revitalizes underserved communities and helps grow businesses. With the Woodforest Foundry, entrepreneurs find a community of mentors and trusted guidance from peers, Woodforest employees and community partners.

Our employees are the lifeline to our Bank’s success, therefore, we are following the guidance from the Center for Disease Control (CDC) for enhanced cleaning procedures at all of our locations to protect our team and our customers who visit us at one of our 750+ branches. We have also encouraged our employees who can work from home to do so when possible.

We are also monitoring the needs for our community partners and local communities to determine the best way our team can help our neighbors.

Woodforest will continue to closely monitor and follow guidance from the CDC and other state and federal agencies as the situation develops and will be at the ready to respond.

Thank you for your continued confidence in Woodforest and for your business.


Jay Dreibelbis
President and CEO
Woodforest National Bank


Here are a few key facts about Woodforest National Bank’s safety and soundness:

  • Woodforest National Bank has stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980.
  • Woodforest currently operates over 750 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit www.woodforest.com.
  • Woodforest is well-capitalized with over $6.0 billion in total assets.
  • Woodforest National Bank is an FDIC-insured bank. Your deposits are insured up to at least $250,000. Depositors may qualify for more coverage if they have funds in different ownership categories and all other FDIC requirements are met.
  • Woodforest has strong earnings, capital and liquidity alongside superior bank ratings:
    • 5-Star Superior Rating (BauerFinancial.com, based on December 31, 2019 data)
    • A+ Rating from the Better Business Bureau® Rating System (BBB accredited business since 2016)
    • 5-star Bankrate Safe and Sound® (Bankrate.com, December 2017)
    • A Rating (MyBankTracker.com)

Enero 20, 2020

Woodforest National Bank To Open New Location in Woodforest

Woodforest National Bank® (“Woodforest”) announces its newest location coming to Montgomery County in The Woodforest Development Community.

Anticipated to open this year at 895 Fish Creek Thoroughfare, the bank will offer a range of banking services for consumer and commercial customers and will also include Woodforest Wealth Strategies. This new location will be approximately 20,000 square feet of bank and tenant space.


Open New Fishcreek Location


"We are happy to invest in our hometown and appreciate our Montgomery County customers," said Jay Dreibelbis, Woodforest’s President and CEO. “This new 29th location will allow us to continue to support those who make Woodforest their hometown bank. ”It’s also a very proud moment for us to celebrate 40 years of service in 2020 as one of the area’s largest employers, and our employees as the bank’s largest shareholders.”

Founded in 1980, with an asset size of $6 billion, Woodforest has more than 700 locations across the United States. In 2020, to celebrate its 40th anniversary, Woodforest will host a series of celebration events such as a groundbreaking ceremony and a grand opening to the public. Details on these events will be shared as they become available.

The bank is part of the growing retail and service options in the community of Woodforest, located seven miles west of Interstate 45 between Conroe and The Woodlands. Pricing in the community is from the $190,000s and residents enjoy generous amenities, an on-site school, on-site church and more. Woodforest is once again ranked as one of the nation’s top-selling master-planned communities.

Woodforest National Bank

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