Corporate Overview
Worthington Bank, a significant player in Tarrant County, Texas, stands out as a locally owned and independent institution dedicated to relationship-based banking. The bank offers an extensive range of financial services designed for individuals and businesses, including checking, savings, money market accounts, loans, commercial lending, treasury management, and online banking.
Worthington National Bank, operating in Fort Worth, Texas, shares a similar commitment to customer-centric banking, emphasizing personalized interactions and maintaining its status as one of the few locally-owned independent banks in the region.
Executive Leadership and Key Personnel
- Greg Morse, CEO of Worthington Bank: Leads with strategic growth in mind, aiming to expand the bank's assets to $1.5 billion. Contact: gregmorse@worthingtonbank.com | 817.303.5901.
- Dan Mocio, Chief Lending Officer/Executive Vice President: Manages lending to ensure strong business financial solutions. Contact: danmocio@worthingtonbank.com | 817.303.1217.
- Cee Yager, President: Oversees the operations of Worthington Bank, bringing extensive industry knowledge and management skills.
- Veronica Watkins, Chief Financial Officer: Ensures the financial health and compliance for both Worthington Bank and Worthington National Bank.
- Scott Brandt, Vice President, Commercial Banking: Plays a key role in Worthington National Bank's commercial banking sector.
- Eileen Kolba, AVP-Loan Administration Officer: Contributes to loan administration efficiency at Worthington National Bank.
- Deborah Miller, Senior Vice President, Lending Compliance and CRA: Oversees compliance for lending practices at Worthington National Bank.
- Robyn Martin, VP Cash Management Operations Manager: Manages cash operations at Worthington National Bank.
Financial Performance
- Annual Revenue: Worthington National Bank reports approximately $14 million.
- Revenue Per Employee: Averaging $189,000, with a headcount currently at 74 employees, demonstrating significant growth of 9% over the past year.
Locations and Service Offering
Worthington Bank operates branches in Fort Worth, Colleyville, and Arlington, Texas, each offering a variety of customer-focused services aimed at providing accessible financial solutions. Their services include personalized banking, commercial lending with tailored loan options, and robust online banking solutions. Worthington National Bank similarly maintains its focus on personalized customer service across its locations.
Recent Developments
Worthington Bank is on a path of expansion via planned construction of a new eight-story headquarters in the Walsh development of Fort Worth, indicating its strategic intent to bolster its presence and enhance convenience for customers within Texas.
Key Offerings
- Commercial Lending: Tailored solutions to meet various business needs.
- Residential Mortgages: Competitive rates offered for purchases and refinancing.
- Customer Service: A continual focus on personalized interactions and building robust relationships with customers and community stakeholders.
Competitor Landscape
Worthington National Bank competes with both large and mid-sized financial institutions:
1. Nbe National Bank Equipment: Revenue of $12.3 million, 65 employees.
2. Cypress Bay Solutions: Revenue of $19.3 million, 92 employees, with 6% growth.
3. Federal Reserve Bank of Dallas: Revenue of $407.8 million, 1,387 employees.
4. Keystone Bank: Revenue of $27.1 million, workforce of 129, showing a 28% increase.
5. First National Bank: Revenue of $168.5 million with 816 employees and 5% employee growth.
Competitive Position & Strategy
Despite competition from large national banks like Bank of America, Chase, and Citi Ventures, Worthington Bank leverages its community-oriented approach. Positioned against bigger entities that focus on expansive global operations, Worthington emphasizes intimate customer relations and individual service, appealing to consumers within its locality.
Key local competitors include TIB and Alliance Bank Central Texas, which share a focus on community-centric, relationship-driven banking experiences. Worthington's strategy involves maintaining its customer-first philosophy, enhancing digital banking while preserving traditional service values, and demonstrating an unwavering commitment to community involvement.
By continually embracing technological enhancements in banking and reinforcing its value-driven community relationships, Worthington Bank is set to sustain its growth and competitive advantage within its niche market.
