Madisonville, Texas — According to state and local development sources, Normangee State Bank plans to invest $2,291,859.00 to build out 4,250 square feet of new space in Madisonville. The company plans to occupy the new space at 401 N May Street in Madisonville, on or about September 1, 2023. According to the company website The present bank in Normangee – Normangee State Bank – was chartered in 1912. A building committee made up of J.H. Wooley, T.A. Cozart, J.C. Ford and Joe Rogers was given the charge of developing plans and instructions for a bank building, and the bank’s first vice president, W.T. Hollis, purchased $6,500 in U.S. two percent bonds and deposited them with the U.S. Treasurer, as required by law to secure the bank’s formation. The charter, number 10275, was issued in Washington, D.C., on October 10, 1912, authorizing the bank to begin business. The property at the northeast corner of Main and Second streets was purchased, and the bank home was completed on September 9, 1913, at a cost of about $4,300. Many banks throughout the country failed during the Depression, but the First National Bank kept its doors open. When the town’s other bank, the First State Bank, failed, the First National Bank purchased the assets of the First State Bank on May 27, 1936.

To learn more about Normangee State Bank, visit http://www.normangeestatebank.com/

Company Contact:
Joel Shaw, CEO
joel@normangeestatebank.com
https://www.linkedin.com/in/joel-shaw-99115a39/
936-396-3611

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