In 1907, there were two banks in Sealy. The economy was doing fairly well due to the resurgence of agricultural interests in Austin County. With 250 shareholders and $25,000 in capital, Citizens State Bank opened its doors on Main Street. Forming Citizens State Bank with two competitors could be considered risky business, but by the end of the Great Depression both of the other banks in Sealy had failed. Citizens State Bank remained the only bank in Sealy until the 1980s, and is still the only institution chartered in Sealy. Today, that $25,000 in original capital is now more than $140 million in assets, and the employee base approaches 40 loyal and dedicated employees.
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"Citizens State Bank of Sealy celebrates 100th anniversary"Please download to view full document