In 2018, Rio Bank acquired Elsa State Bank & Trust, which allowed Rio Bank to further develop its footprint in the Rio Grande Valley with a total of 14 bank locations from Starr, Hidalgo and Cameron counties, extending from Roma to Brownsville.In 2005, the bank opened a new banking center in Brownsville and in 2009 opened a new banking center in Weslaco.Because of the change in strategy that began in 1999, coupled with the additional offices, the bank has seen significant growth in its total assets. The first was in San Juan and the second in Palmview. In 2002, the bank opened two new banking centers.New products and services continue to be introduced. Rio Bank has become a more commercial oriented bank. Sasser made significant changes in lending personnel while at the same time outlined a new vision and direction for the bank.
In late April of 1999, the bank had a change in management.įord Sasser, President and CEO, came to the bank in late April of 1999. The original ownership and management has changed since that time as well as the focus and direction of the bank.
In 1995, the bank opened its second banking center in North McAllen. It began as a retail oriented bank primarily catering to consumers for both deposit and loan business. Rio Bank opened its doors for business in February of 1985. Founding PrincipalsĬommitment to Honesty, Integrity and Quality Service. Please take a moment to get to know us better, and we trust you will see why we believe Rio Bank is "Your Kind of Bank. These are the elements that truly make up the fabric of Rio Bank. At Rio Bank it is really about our vision, our people and our history.
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