A corner location in the Bishop Arts District will complete Texas Brand Bank’s strategy to have Downtown surrounded.
Besides its original location in Garland, the bank now has branches in Uptown, The Cedars and Deep Ellum.
“We’re the only bank in Deep Ellum and The Cedars,” says President and CEO Bill Lowe. “We just think it makes sense to be where they’re not.”
The Bishop Arts area now enjoys a robust banking scene, but this is the first local bank to take up residence in our neighborhood since Grand Bank on Colorado Blvd. was bought out by BancorpSouth in 2018.
It is in neighborhoods like ours where Texas Brand Bank is making its money, providing loans of up to $6.3 million to builders of townhomes, condos and commercial buildings, as well as small-business loans.
The bank has $350 million in assets. It was founded in 2005, and chairman of the board is Edward Tomlinson II, a lawyer who is also know as Bubba Tomlinson.
The Bishop Arts branch is under construction on West Davis at Madison, a reuse of the former Pier 247 restaurant, which was built in 2014 on the site of an old service station that had been unused for many years.
The bank will have Spanish-speaking staff, including a lending officer.
Oak Cliff-based DSGN Associates Inc. is designing the renovation, which includes a 463-square-foot addition. The building will feature a meeting room that will be available to community groups any time, regardless of bank hours.
“We can’t wait,” Lowe says. “We think we’re in the best little corner you could possibly be in in Bishop Arts.”
The Bishop Arts location of Texas Brand Bank could open as soon as March.