History
Founded as The First National Bank of McGregor, TFNB is the oldest bank in McLennan County and the seventh oldest national bank in Texas operating under its original charter. In 1957, we moved from our original location to a more modern building across the street and two blocks south to 401 S. Main St. TFNB was purchased in the 1960's by a group of area businessmen including two stakeholders, Pat Beard and David Kultgen, lifelong business and law partners. TFNB is now led by a new generation of bankers known as McGregor Bancshares, Inc. Beard's son Mike oversees TFNB from our downtown McGregor location, and he serves as TFNB's chairman and CEO. Kultgen's children serve as directors on our board. In 2000 Mike Beard hired Waco native David Littlewood as president to run the bank. Littlewood brings years of banking experience and numerous connections to TFNB. His relationship with Beard is reminiscent of the elder Beard and Kultgen -- one comprised of similar philosophies and success.
Specialties
TFNB Your Bank for Life offers a full range of business and consumer loan/deposit products and services, trust services and is a preferred lender with the Small Business Administration. TFNB delivers a high level of service to our customers with a philosophy of meeting people where they are and providing personal access to key decision-makers. TFNB is passionate about taking care of our customers and the communities we serve.