ABOUT NATIONAL UNITED
National United is a FDIC member institution with branches throughout Central Texas. Please click on the topics below to learn more about us and our dedication to our clients.
On August 21,1889 the Treasury Department of the United States issued Charter # 4097 to The First National United of Gatesville. This bank is now known as National United: dba National United with over 545 million in assets and 56 million in capital, and is the 9th oldest charter still operating in Texas.
We were here to greet early settlers in the county.
To read the history of National United is like taking the pages out of the history of Gatesville and Coryell County. When this bank opened for business in August of 1889, the population of Gatesville was only 1,300. Settlers were still coming in from the eastern states, some on the new railroad and others by ox wagons and teams.
At this time much of the county was still open land. It was several years before many areas in the southern and western parts of the county were fenced. Cattle raising was the principal industry, with agriculture being rapidly expanded. The railroad to Gatesville, then only seven years old, was an important factor in the sudden growth of the county’s population. Gatesville increased from a population of 434 persons in 1880 to 1,300 in 1889. As the population increased, and more land placed under cultivation, there developed a need for banking services.
The first known banking business in Gatesville was a private bank, known as J.R. Saunders and Company. This bank opened for business in about 1875, and was succeeded by the City National United in 1892, which closed in 1897. All the depositors were paid in full. A second private bank, the Coryell County Bank, opened in 1887 and operated for about two years.
In 1889 the leading citizens and businessmen of the town felt a need for more and larger banking services. Several local and non-residents joined together and applied for a charter for a National United. The charter was granted on August 21, 1889 and the bank opened immediately for business. It was called The First National United. Although there have been many consolidations and mergers, National United: dba National United still operates under the original charter dated August 21, 1889.
Through the years the bank has adhered to a banking service that is flexible but sound and continues to provide relationship banking committed to serving its client’s needs. National United has grown with the area – sharing a history rich in large accomplishments and small victories. Today, residents enjoy the convenience of multiple locations all capable of handling each account as if it were located in their hometown. National United is recognized as one of the largest and strongest independent banks in the area and looks forward to continued growth for both the people and communities it serves.
In 2005 the bank adopted the DBA “National United of Central Texas.”