New bank debuts in Cleveland

May 2, 2019

There is a new bank in town.

The Greater Cleveland Chamber of Commerce had a special ribbon cutting ceremony for the new Austin Bank on April 25.

“We want to thank everyone for coming out to our grand opening,” said Vice President and relationship manager Mike Penry. “The Austin family is four generations of banking in their family. They have been doing this for 109 years. They know what they’re doing, and it’s a sure joy to work for them.”

Penry came out of retirement to run the bank and was recently on the city council. Tasha Childress is the Vice Presidend and Retial Marketing Manager at the Austin Bank in Cleveland.

The bank is currently located at 901 E. Houston Cleveland, TX 77327, but a new building is on the way.

“This is a temporary location,” said Penry to the crowd. “We’re going to be building right next door. That will be the new location and we’re bank number 33 for Austin bank.”

Austin Bank officially opened on April 8.

The bank is open Monday through Friday. The hours from Monday-Thursday are 9 a.m.-5 p.m. On Friday the bank is open from 9 a.m.- 4 p.m.

The bank offers cashier’s checks, cash advances on credit cards, wire transfers, online and mobile banking, notary service, business and commercial banking, and treasury management services.

In 1909 John F. Austin, Sr. First State Bank of Frankston in the Texas town situated between Palestine and Tyler. The Austin family, which still owns the company, continues to build relationships in the communities of Texas towns, according to the family.

The bank will try to uphold ethical standards as it works to build a clientele in Cleveland, Austin Bank officials said.

“As with any successful business, the strength of our organization lies in our people,” shares Jeff Austin, Jr., Chairman of the Board on the company’s website. “We are proud to claim an outstanding team that not only enthusiastically upholds our bank’s core values of honesty and integrity, but also actively supports the communities we serve.”