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Woodforest National Bank

Bank headquartered in The Woodlands, Texas

Summary

Bank headquartered in The Woodlands, Texas

Field	Value
name	Woodforest National Bank
logo	Woodforest logo.svg
type	Private
foundation	1980
location	The Woodlands, Texas, USA
key_people	James Dreibelbis
(Chief Executive Officer)
industry	Financial services
products	Banking
equity	$349.5 million (2024)
net_income	203.1 million (2024)
parent	Woodforest Financial Group
assets	$9 billion (2024)
num_employees	4,598
homepage	woodforest.com

(Chief Executive Officer) Woodforest National Bank is a privately held bank headquartered in The Woodlands, Texas. As of March 2020, it had more than 770 branches in 17 different states. Woodforest National Bank is Walmart's largest retail partner, and also provides financial services for Sam's Club members. The bank also has a branch inside the main location of Houston's Gallery Furniture.

In addition to regular accounts, Woodforest National Bank offers "second chance" checking accounts for customers who have not remained in good standing with the check verification service ChexSystems, albeit with higher fees and a much longer probation period compared to traditional banks, along with the same type of account for commercial customers.

Banking offices

In March 2013, Woodforest National Bank and Western Union reached a deal for the latter to provide wire transfer services from Woodforest locations.

Number of banking offices by State	State	Banking offices
Alabama	42
Florida	6
Georgia	9
Illinois	53
Indiana	49
Kentucky	28
Louisiana	18
Maryland	11
Mississippi	26
New York	24
North Carolina	89
Ohio	77
Pennsylvania	50
South Carolina	32
Texas	204
Virginia	56
West Virginia	9

Sponsorship

A five-acre facility located in the Woodlands Trade Center was created partly thanks to a $1 million donation from Woodforest National Bank. As of April 2013 it is being renamed "Woodforest Food Bank Center for Montgomery County Food Bank". The food center is campaigning to raise $6.5 million to purchase and renovate a 60,000 ft2 facility. Contributions were also made by Anadarko Petroleum, Kroger, Walmart, and H-E-B. The Woodforest National Bank is sponsoring its annual 5K Tomball Dash, benefiting the Woodforest Charitable Foundation.

Conroe Independent School District sold naming rights for a 10,000 seat stadium in Shenandoah, Texas, for $1 million to Woodforest National Bank.

Fee disputes

Woodforest National Bank and the Office of the Comptroller of the Currency reached a $32 million settlement regarding the bank's continuous overdraft fees, and a 2014 class action settlement put an end to debit card transaction processing in the same order as check processing, potentially resulting in additional overdraft fees.

References

Mathews, Chris. (Jan 18, 2019). "Woodforest National Bank promotes executive to president, CEO".
(March 27, 2024). "FDIC".
"BankFind Suite".
(March 18, 2013). "IR, Western Union and Woodforest National Bank Sign Multi-Year Agreement". Andrew Silver.
Ambrose, Eileen. (March 5, 2012). "When you can't get a checking account, where do you go?". Baltimore Sun.
"Checking".
(March 2025). "Montgomery County Food Bank Launches $6.5 Million Capital Campaign". The Paper Magazine.
Tamra Santana. (November 8, 2013). "Woodforest National Bank sponsors Tomball Dash". Impact News.
Stauffer, Kimberly. (2008-08-17). "CISD is ready to open its new stadium". Houston Chronicle.
Lee, Renée C.. (2007-02-07). "Conroe school district sells stadium name for $1 million". Houston Chronicle.
(October 8, 2010). "OCC, Woodforest National Bank Enter Agreement to Reimburse Consumers". Office of the Comptroller of the Currency.
Nancy Flake. (October 13, 2010). "Woodforest to reimburse customers $32 million". The Courier of Montgomery County.
"Lunsford v Woodforest, Case No. 1:12-cv-00103-CAP: Notice".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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