Texas Trust CU Fills Bank of America Branch Void
Credit union to move into a San Angelo branch abandoned by Bank of America.
When Bank of America decided to abandon its branch in San Angelo, Texas, Texas Trust Credit Union decided it was time to take its place.
Texas Trust Credit Union ($1.6 billion in assets, 123,638 members) is based in Arlington. If the hyphen of the Dallas-Fort Worth metro area had a name, it would be Arlington, midway between the two big cities.
Texas Trust has bought the former Bank of America branch at the corner of West Twohig Avenue and US-277. It covers 3,094 square feet, which is about 50% bigger than its current branch at 34 South Main Street in downtown San Angelo, also deep in the heart of Texas and 240 miles southwest of Arlington.
Texas Trust is renovating the branch and plans to move its downtown San Angelo operation one mile to Twohig Avenue late this year. It has another branch in Tom Green County about eight miles from downtown San Angelo. It has at least 17 other branches in the state.
“When Bank of America decided to leave the San Angelo Market, we happily stepped in to help people build brighter financial futures,” President/CEO Jim Minge said. “We have a long history here and continue to see this community as a great place to invest and grow. We guarantee that our members will be impressed with our new Twohig branch.”
The credit union has hired Interior Design Group to design an open-floor concept branch intended to create a collaborative environment. “The new design will offer a more personal and innovative member-centric approach that will focus on building member relationships,” the credit union’s news release said.
The new branch will have:
- Free-standing universal teller stations to allow members to conduct all of their financial business with a single teller.
- A self-serve station that members can use to review their transaction histories, print statements and check their balances.
- An express teller option for members with simple transactions.