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The First National Bank of McGregor

Credit & Financing; Banks; Consumer Lending

Financial Services

The First National Bank of McGregor (TFNB) is an employee-owned financial institution headquartered in McGregor, Texas. Founded in 1889, TFNB holds the distinction of being the seventh oldest national bank in Texas operating under its original charter. Over their 130 years of business, TFNB has expanded to operate five locations in McGregor and Waco, Texas. TFNB offers a wide range of banking services with the goal of meeting the needs of their customers. In 2015, The First National Bank of McGregor became employee-owned when it established its Employee Stock Ownership Plan (ESOP). With one hundred employee owners, TFNB is committed to delivering exceptional customer service that values every individual. This service-oriented approach is a reflection of TFNB’s employee-ownership model where each employee is a shareholder of the bank. The ownership culture at TFNB empowers employees to understand the specific needs of each customer. By doing this, they can create a tailored plan with solutions that help their customers reach their individual goals. Employees strive to make TFNB “Your Bank for Life,” that supports all facets of life for their customers for generations to come. 

The First National Bank of McGregor is an employee-owned company headquartered in McGregor, Texas.

The First National Bank of McGregor is an employee-owned company.

While they are not certified, based on Department of Labor 5500 fillings and other third-party data sources, we believe their ESOP meets our standards of significant and broad-based employee ownership.

While they are not certified, based third-party data sources, we believe their Worker Cooperative meets our standards of significant and broad-based employee ownership.

While they are not certified, based third-party data sources, we believe their Employee Ownership Trust meets our standards of significant and broad-based employee ownership.

While they are not certified, we believe they meet our standards of significant and broad-based employee ownership.

Location:

McGregor, TX

Employee Ownership Type:

ESOP

Employee-Owned Since:

2015

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