Texas Community Bancshares Inc. (TCBS)

Overview

Texas Community Bancshares, Inc. serves as the parent holding company of Mineola Community Bank, S.S.B., offering a broad range of banking and financial services primarily to the local communities within Mineola, Texas, and the expansive Dallas Fort Worth Metroplex. Founded in 1934, this institution has established itself as a cornerstone in the local banking industry, providing personalized financial solutions to both individual consumers and businesses. Its commitment to fostering strong community relationships is evident through its tailored service offerings and the direct support to the regional economic development. With its headquarters situated in Mineola, Texas, Texas Community Bancshares, Inc. leverages its deep-rooted understanding of the local market to meet the diverse needs of its customers effectively.

Products and Services

The comprehensive range of products and services offered by Texas Community Bancshares, Inc. through Mineola Community Bank, S.S.B. is designed to meet the diverse financial needs of its clientele. Below is an overview of their main offerings:

• Deposit Accounts: The bank provides a variety of deposit account options to cater to different customer needs. These include savings accounts, for individuals looking to earn interest on their saved money; checking accounts, offering easy access to funds for daily transactions; certificates of deposit, where money is held for a fixed period at a fixed interest rate; and individual retirement accounts (IRAs), designed to aid in retirement planning with potential tax advantages.
• Loan Services: A significant part of the bank's portfolio revolves around loan services catered to a broad spectrum of requirements. This encompasses one- to four-family residential mortgage loans for home buyers and homeowners; commercial real estate loans aimed at investors and businesses engaging in property transactions; construction and land loans for individuals and developers interested in building projects. The bank also provides car and boat loans, share and unsecured loans for personal needs, and agricultural and commercial loans to support local farmers and businesses. Consumer and other loans are also available for a variety of personal financing needs.
• Investment Services: Beyond traditional banking services, Texas Community Bancshares, Inc. engages in investment activities. This includes investing in securities, which allows for income generation and the potential for capital gains, contributing to the financial stability and growth of the bank.
• Additional Banking Services: Recognizing the needs for convenience and security in banking, the bank offers a suite of additional services. These include sweep account services for optimizing cash management; safe deposit boxes for secure storage of valuable items; e-statement for environmentally friendly and convenient access to account statements; and comprehensive card services. Online banking and mobile banking services are crucial in today’s digital age, providing customers with 24/7 access to their accounts, the ability to perform transactions remotely, and manage finances with ease.