Our History

When the Roscoe State Bank first opened its doors for business on December 6, 1906, Theodore Roosevelt was President of the United States. As the oldest bank in Nolan County, Roscoe State Bank was established with $20,000 in capital stock. Its inaugural Board of Directors included W. F. Jones, J. B. Carlisle, G. F. Light, J. C. Seale, G. C. Spires, E. L. Hopkins, and T. M. Dobbins.

The Bank was originally located on the north side of Broadway, between Cypress and Main Street. The first elected officers were W. F. Jones as President, J. B. Carlisle and G. F. Light as Vice Presidents, E. L. Hopkins as Cashier, and T. M. Dobbins as Assistant Cashier.

During the 1920s and 1930s, Roscoe, Texas, was served by two banks: Roscoe State Bank and the First National Bank of Roscoe, known initially as Farmers State Bank. In 1931, regulatory authorities declared the First National Bank of Roscoe insolvent, and Roscoe State Bank acquired its operations.

In 1949, following the passing of Mr. Dobbins, W. R. Potter became the Bank’s fourth President. Potter began his career at the Bank as a bookkeeper in August 1921 and advanced steadily, becoming Assistant Cashier in 1923, Cashier in 1938, and ultimately President in 1949. He remained in that role until his retirement in 1972.

In 1972, Mr. Potter sold his interest in the Bank to an investor group led by Trevlyn Kelley, a Colorado City banker, who became the Bank’s fifth President. Under Mr. Kelley’s leadership, which lasted until 1976, the Bank experienced significant growth fueled by increased loan activity and above-average cotton crops.

In 1990, John Jay was elected as the Bank’s seventh president, while Clyde Jay assumed the role of Chairman of the Board, a position he held until his passing in 1994. In September 1996, Roscoe State Bank opened its first branch in Sweetwater, Texas. Before the new branch opened, the Bank’s total assets were $31.4 million, with deposits totaling $27.1 million.

Since then, the remarkable growth of the Sweetwater branch has more than quadrupled the Bank’s assets in Nolan County—a testament to the dedication and outstanding work ethic of our staff in both locations. We are proud to be the fastest-growing bank in Nolan County.

In June 2004, Roscoe State Bank opened its first branch in Bastrop, Texas, initially operating from a leased space until a standalone facility was completed and opened in March 2006. The decision to expand into Bastrop was driven by our strategic goal to diversify the Bank’s assets, especially in response to the prolonged drought in West Texas from 1996 to 2004. This approach not only strengthened our Nolan County locations but also led to stronger, more diversified growth for the organization.

The continued success of our Bastrop branch is a direct result of the exceptional dedication and performance of our Bastrop staff. We are proud to support growth in Bastrop County and look forward to remaining an integral part of its future development.