The Bank Note - February 2020
Connecting with Shareholders of Alliance Bank Central Texas
FEBRUARY 2020
Message from Todd Moore
Last Thursday we had our annual shareholders’ meeting. The slide presentation and minutes are available here. As we told the group, when we purchased the State Bank of Jewett we were a $35,000,000 in assets. We ended 2019 at $325,000,000. Looking back strategically in a five year window, the bank’s net income in 2014 was $503,000. This past year we made $2,100,000. In January this year our one month’s operating profit was $257,000. Five years ago it was $34,000. Actual operating profit was $298,000 before deducting one time income items. Net income after tax was $242,000, the most profitable in our history.
Please see the “2019 Accomplishments and Moving Forward in 2020” section for a brief summary of what we have been working on this past year.
We will move into our new headquarters on March 16. There will be a ribbon cutting celebration on March 24 you won’t want to miss. That location has the highest visibility and traffic counts in our county, and the facility will help us maintain a healthy growth path for many years to come.
Our staff is excited about the opportunities and convenience the new location will bring, for new customers as well as existing ones. And, we are very optimistic and passionate about executing our business model and what lies ahead for the bank this year.
Please come by to see us at both locations. Refer friends, partners, family members and those whom you influence. That is how we grow the bank and we need your help! Let us know if we can help you in any way, with banking or otherwise. As a number of our staff have said on many occasions, “It’s what we do.”
Todd Moore
President & CEO
Cell Phone: 254.722.2300
Noteworthy
Congratulations to Midway ISD Education Foundation 2020 Board of Directors Lety Coronado and Eric Shero. Thank you for your commitment to community involvement!
Coronado Shero
The Alliance team takes heart health to heart! We are happy to support The American Heart Association and Go Red for Women.
Alliance Bank - In the Spotlight
Ken Turner
Bank Manager and Executive Vice President
State Bank of Jewett (a Division of Alliance Bank Central Texas)
State Bank of Jewett - Ken Turner
Ken Turner has a heart for helping others, and he has dedicated his career to helping people set and meet their financial goals. With over 50 years of experience, filling most, if not all, positions at State Bank of Jewett over the years, Mr. Turner knows the ins and outs of banking. He also knows that helping others is key to customer experience. It’s quite fitting that he’d choose Superman as his fictional character of choice, always ready to lend a helping hand. Click below to read about what motivates Ken at work each day, his love of helping with household chores, how he learned just how important his right thumb is to everyday activities and more.
How long have you been in banking?
54 years. I started at State Bank of Jewett January 1, 1966.
What roles have you had over the years?
I’ve experienced every job and position in the bank.
What is your current roll at State Bank of Jewett?
Executive Vice President and Bank Manager
What motivates you to wake up and go to work?
The people—I love helping people.
How do you like to motivate others?
Being positive. Positivity is important in leadership and in creating a culture that inspires others.
What do you think is the key to customer service?
Treating them like family, and how you’d want to be treated.
What has been your favorite project/milestone at the bank so far?
I am proud that we consistently provide excellent customer experiences at our bank.
Over the years, what changes have you seen that have most impacted the industry?
Technology.
What would you say is the most important facet of workplace culture?
Showing people you care.
What is your favorite thing about working at State Bank of Jewett?
We really are like family and we treat each other with respect.
What’s something most people don’t know about you?
I played basketball at a younger age.
When you have 30 minutes of free time, how do you pass the time?
I spend time with my family
If you could learn to do anything, what would it be?
Be a better mechanic.
If you won the lottery, what is the first thing you would do?
Help people in need.
If you could be any fictional character, who would you choose?
Superman—he’s always there to help people.
What is something you learned in the last week, month or year?
How important my right thumb is! I broke it at the beginning of the month.
What’s your favorite indoor or outdoor activity?
Indoor- watching TV with my wife
Outdoor- deer hunting
What household chore do you absolutely hate doing?
Picking up limbs in the yard.
Is there one you love?
Helping my wife with chores when needed.
If you had not gone into banking, what profession might you have chosen?
Farming
If you could meet anyone, living or dead, who would you meet?
Michael Jordan
Construction Corner
We are just days away from receiving the certificate of occupancy on March 2. On March 16, the doors to our new West Waco headquarters will be open!
JOIN US! March 24, 2020 at 5 p.m. for a ribbon cutting celebration.
Bank @ Work
"Sometimes you want to go where everyone knows your name," and the Texas Farm Bureau branch is that place for over 400 employees. The bank at work model offers employees the flexibility and ease of full service onsite banking. From candy and stamps, to home loans and everything in between, Caitlin Barber and Nancy Threadgill know first-hand that when it comes to personalized banking, building relationship is key. Watch the Video!
Employee Birthday Celebrations
February Celebrations
Glenda Goodner (2/3)
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)
April Celebrations
Mark Minor (4/1)
Geral Theut (4/6)
Teri Torres (4/12)
James Shroeder (4/13)
Yolanda Reynaga (4/20)
Marlisa Perez (4/25)
Andrea Perez (4/26)
Robbie Franklin (4/29)
Imelda Guerrero (4/30)
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.