Broadway Bank (Texas)

Broadway Bank is a community bank founded in 1941, founded by Col. Charles E. Cheever, Sr. and his wife, Elizabeth Cheever.[2] Broadway Bank has thirty-nine banking centers in San Antonio, Austin and the Texas Hill Country.

Broadway Bank
Family-owned and locally operated
IndustryBanking
Founded1941 (1941)
HeadquartersSan Antonio, Texas
Key people
David Bohne, CEO
Total assets$3.65 Billion (2018)[1]
Number of employees
642 (2018)[1]
Websitehttps://broadway.bank

History

Founded as "Broadway National Bank of Alamo Heights", the company began in a small store front in Alamo Heights, Texas in 1941, by a military officer, Col. Charles E. Cheever, Sr., and his wife, Elizabeth Cheever.[3][4] The primary purpose was to serve military families who were migrating to the Central Texas area.[5]

In 1959, it was the first San Antonio bank to establish a mortgage lending division, and it was the first to extend its banking hours to help working families.[4] In 1984, the bank began to offer a successful Wealth Management Division.

In April 2016, Broadway Bank announced the appointment of David Bohne as its new chief executive officer. Bohne replaced longtime CEO Jim Goudge.[6]

Current operations

Broadway Bank is still owned by the Cheever family.[3] At the end of 2018, the bank had $3.65 billion in assets, with $3.15 billion in deposits, and was the third-largest bank in San Antonio.[1][7]

References
  1. "FDIC: Broadway National Bank". research.fdic.gov. Retrieved 6 April 2019.
  2. "Broadway Family History". fbrc.broadwaybank.com. Retrieved 2016-04-14.
  3. Staff of the San Antonio Express-News (19 October 2015). San Antonio: Our Story of 150 Years in the Alamo City. Trinity University Press. pp. 143–. ISBN 978-1-59534-756-5.
  4. Kristen, Mosbrucker. "Broadway Bank carves niche serving family-owned businesses during 75 years as private bank". Bizjournals.com. Retrieved 23 August 2016.
  5. Danner, Patrick. "Cheevers put their stamp on S.A." Expressnews.com. Retrieved 23 August 2016.
  6. "Broadway Bank appoints a new CEO after Jim Goudge steps down - San Antonio Business Journal". San Antonio Business Journal. Retrieved 2016-04-14.
  7. "San Antonio's Vantage Bank poised for merger with McAllen's Inter National Bank". San Antonio Express-News. 8 May 2018. Retrieved 6 April 2019.
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