The Bank Note - January 2020
Connecting with Shareholders of Alliance Bank Central Texas
JANUARY 2020
Message from Todd Moore
As you gather your end of year tax information, please notice what banks and financial tech firms you are paying interest or fees to, or earning interest from. Please give us a call and see how we can put those resources to work for you and build your investment here.
Todd Moore
President & CEO
Cell Phone: 254.722.2300
ABCT Holdings, Inc - Shareholder Meeting
Local Merchant Services
If credit card processing services or other merchant services could help your business, let us know! Our local Banc Card Merchant Services representative can come to you to discuss rates and a variety of services that will offer your customers a wide range of payment options.
Alliance Bank - In the Spotlight
New Board Member - Sherman Ayers
We are pleased to announce that Sherman Ayres has been elected to the Alliance Bank Central Texas Board of Directors. Sherman is the founder of S.R. Ayres & Associates and has a broad background in corporate management. He worked for Mars Inc. for over 30 years, serving as Quality Assurance Manager, Operations Manager and Plant Manager of Mars’ manufacturing facilities in Ohio, California, Georgia and ultimately in Waco. His responsibilities led to extensive travel across Europe, Japan, Russia and Mexico creating a diverse understanding of the global business community. As a Senior Manager, Mr. Ayres career path with Mars resulted in a wide-ranging skill-set that included Organizational Design, Diversity/Perspective Awareness, Objective/Goal Setting, Strategic Planning, Crisis Management, Supervisory/Managerial Training and all areas of Managerial Competency. Mr. Ayres has previously served on several boards including the Tadpole Foundation, Cameron Park Zoological Society and MCC Foundation and he currently serves on the boards of the MCC Commercial Music Department, the Waco Foundation and StartUp Waco. Mr. Ayres resides in Lorena, TX with his wife Josette and enjoys reading, basketball and sport fishing.
Welcome to The Team
Join us in welcoming Lucy Soriano, Teller Operations, to our team. We are excited to watch our team grow to better serve you!
Noteworthy
Congratulations Union Hall on your recent ribbon cutting and grand opening! The new urban eatery boasts 20+ food and beverage options (many local, some new!) in an open dining concept, making it easy for friends and families to dine together. It was fun to watch this vision come to life!
Dr. Michael Godfrey True Course Life & Leadership Development, shares with Texas CEO Magazine that self awareness is an often neglected key to managing stress - READ MORE.
Construction Corner
Great progress continues at the new headquarters worksite. The roof, interior and exterior stone, and drywall are all complete. With millwork, ceiling grid and tiles, and interior lighting fixtures all near completion, we look forward to having a certificate of occupancy by March 2.
Financial Update
2019 was the most profitable year in the bank’s history. Loan and deposit growth moderated compared to 2018.
- Net Income of $2.1 million, an increase of 16% over 2018
- Operating Income (Income before Tax and Provisions to the Allowance for Loan Losses) was $2.9 million, an increase of 19% over 2018
- Total Assets increased 2.9%, Loans increased 3.7% and Deposits increased 3.2% (Non-Interest Bearing Deposits increased 36.5%)
Employee Birthday Celebrations
January Celebrations
Ivan Olvera (1/5)
Edgar Guerrero (1/6)
Alejandro Zevada (1/12)
Lisa Reynoso (1/22)
Tanner Moore (1/24)
February Celebrations
Glenda Goodner (2/3)
Sally Lopez (2/6)
Nancy Threadgill (2/18)
Alyssa Rivera (2/20)
Gloria Salas (2/28)
Felicia Patterson (2/27)
Joseph Klepper (2/27)
Ken Turner (2/29)
March Celebrations
Randy Petrini (3/12)
Vicki Lumley (3/29)
About Alliance Bank Central Texas
Alliance Bank Central Texas is a community bank founded by a local board of directors, owned by a diverse group of over 200 shareholders, and operated by seasoned bankers, most of whom have spent their entire careers in Waco. In less than ten years it has seen assets grow from $35 million to over $300 million. The bank is focused on helping entrepreneurs, professionals and residents, and understands the condition of the local market. It feels real value is created through people connecting personally with their bankers, versus simply having transactions with a bank. Alliance Bank Central Texas provides a full range of financial services including business, personal and mortgage loans. It also provides a variety of deposit products and services including commercial, personal and certificates of deposits along with electronic banking, mobile deposit and cash management services.