Woodforest National Bank
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|
| Private | |
| Industry | Banking |
| Founded | 1980 |
| Headquarters | The Woodlands, Texas, USA |
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Key people
|
Cathleen Nash (Chief Executive Officer) |
| Products | Financial Services |
| 78.5 million (2012) | |
| Total assets | $3.7 billion (2012) |
| Total equity | $349.5 million (2012) |
|
Number of employees
|
4843 |
| Parent | Woodforest Financial Group |
| Website | woodforest.com |
Woodforest National Bank is a privately held bank headquartered in The Woodlands, Texas. As of March 2013, it had more than 788 branches in 17 different states. Woodforest National Bank is Walmart's largest retail partner. Woodforest has a few branches that are open 24 hours a day and 364 days of the year. Woodforest National Bank also partners with Sam's Club and Kroger in a few states.
In addition to regular accounts, Woodforest National Bank offers "second chance" checking accounts for customers who have not remained in good standing with ChexSystems, albeit with higher fees and a much longer probation period than PNC Bank as of March 2012. In addition to a second chance checking account for consumers, Woodforest National Bank also offers a second chance business account. In the summer of 2013, Woodforest National bank launched a merchant services device that attaches to cellular phones called Cell It.
In March 2013, Woodforest National Bank and Western Union reached a deal to provide money transferring services globally at Woodforest National Bank Locations.
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 square feet (5,600 m2) facility. Contributions where also made by Anadarko Petroleum Corporation, Kroger, Wal-Mart, 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.
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.
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Wikipedia