What Olney Bancshares of Texas does

Olney Bancshares of Texas, Inc. is a privately held bank holding company formed in 1987 in Olney, Texas, controlled by Chairman and majority shareholder Ross McKnight. The holding company owns and operates InterBank, a state-chartered community bank that was consolidated into a single charter in 2010 from 10 predecessor banks and now operates 48 branches serving 43 communities across Texas and Oklahoma. As of Q4 2025, Olney Bancshares reported total resources of $5.45 billion, total loans of $4.7 billion, and total deposits of $4.8 billion, placing it among the larger privately held community banking franchises in its two-state footprint. The holding company is led by President and CEO C.K. Lee, who joined InterBank in 2020 and succeeded long-tenured CEO Pascal Hosch upon his retirement on December 31, 2023.

InterBank offers full-service personal and business banking, including checking and savings accounts, personal and commercial loans, home mortgages (Conventional, FHA, VA, Jumbo, Rural Development), and specialized lending in oil and gas, agriculture, and real estate. The bank's distribution model combines a 48-branch physical network with digital channels including a mobile banking app, online banking platform, Card Manager (rule-based debit card controls), Zelle peer-to-peer payments, and Visa-branded debit cards. Business banking is augmented by a Treasury Services suite that includes ACH origination, wire transfers, Remote Deposit Capture, Positive Pay fraud protection, and merchant processing through BancCard and payroll processing through Paychex.

Revenue is generated primarily through net interest income on the $4.7B loan portfolio (commercial, real estate, agricultural, oil and gas, consumer, and mortgage loans) less interest paid on the $4.8B deposit base, with secondary fee income from banking service charges, treasury services, merchant card processing, and mortgage origination. Customer acquisition relies on direct-to-consumer relationship banking through local branches staffed by bankers with market knowledge, supported by content marketing via the Insights blog and community involvement initiatives with regional chambers of commerce and minority business development councils.

Name

Olney Bancshares of Texas

Legal name

Olney Bancshares of Texas, Inc.

Website

https://interbank.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Olney Bancshares of Texas is a privately held bank holding company that owns InterBank, a community bank operating 48 branches across Texas and Oklahoma with $5.45 billion in total assets serving personal, business, agricultural, oil and gas, and mortgage lending customers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Offices of Bank Holding Companies (551111), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Personal banking services
• Commercial lending
• Treasury management
• Home mortgage loans

Headquarters

HQ city

Olney

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest earned on loan portfolio including commercial loans, real estate loans, agricultural loans, consumer loans, and home mortgages. Loan portfolio of $4.7 billion as of Q4 2025.
2. Deposit Interest Expense: Interest paid on customer deposits including checking, savings, and time deposits. Total deposits of $4.8 billion as of Q4 2025.
3. Banking Fees and Service Charges: Fee income from account maintenance, overdraft fees, ATM fees, wire transfer fees, and other banking service charges.
4. Merchant Services: Revenue from credit/debit card processing services for business customers through partnership with BancCard.
5. Treasury Services Fees: Fees for cash management, ACH origination, wire transfers, Remote Deposit Capture, and Positive Pay services for business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Olney Bancshares of Texas is the privately held holding company for InterBank, a community bank operating 48 branches across Texas and Oklahoma with $5.45 billion in total resources. Through InterBank, the company delivers full-service personal and business banking, including checking and savings accounts, consumer and commercial loans, residential mortgages, treasury management, and merchant and payroll services, supplemented by a mobile banking app and online banking platform.

Product overview

InterBank operates as a full-service community bank serving personal and business customers across Texas and Oklahoma through its holding company Olney Bancshares of Texas. The product portfolio centers on core banking services including Personal Checking & Savings and Business Checking & Savings accounts, complemented by lending products (Personal Loans, Business Loans, Home Loans), and value-added services (Card Manager, Treasury Services, Mobile Banking App, Remote Deposit Capture, Merchant Services). The Mobile Banking App serves as the primary digital channel, integrated with Zelle for peer-to-peer payments and Card Manager for fraud protection. Treasury Services provides comprehensive cash management for business customers through partnerships with Paychex (payroll) and BancCard (merchant processing).

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking and Savings Personal deposit accounts for individual consumers, featuring Visa debit cards, online and mobile banking, eStatements, real-time alerts, Card Manager fraud controls, and Zelle peer-to-peer payments.
• Business Checking and Savings Business banking accounts for corporations, LLCs, partnerships, and sole proprietors, including business debit cards, online and mobile banking, Card Manager controls, and fraud text alerts.
• Personal Loans Secured and unsecured personal loans for individuals purchasing autos, boats, and recreational vehicles, with competitive rates and flexible payment plans.
• Business Loans Commercial lending products including oil and gas production loans, agricultural operating lines and term loans, commercial real estate construction and term financing, and commercial and industrial loans, underwritten with local decision-making.
• Home Loans Residential mortgage products including Conventional, FHA, VA, Jumbo, and Rural Development loans for home purchase, refinance, construction, and home equity financing, originated through regional Mortgage Loan Originators.
• Treasury Services Business cash management suite including Business Online Banking, ACH origination, wire transfers, Remote Deposit Capture, Positive Pay fraud protection, merchant services, payroll debit cards, and payroll processing through Paychex.
• Merchant Services Credit and debit card payment processing for business customers through the BancCard partnership, including point-of-sale terminals, wireless technology, online payment gateways, mobile card readers, and email invoicing.

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• PaychexcoreTechnology or IntegrationInterBank partners with Paychex to provide business customers with payroll processing and HR management solutions through Paychex Flex technology. The partnership enables business customers to manage payroll and HR tasks with ease through desktop or mobile access.
• BancCardcoreTechnology or IntegrationInterBank partners with BancCard, an industry leader in merchant services, to provide credit and debit card processing solutions for business customers. Services include point-of-sale terminals, wireless technology, online payment gateways, mobile card readers, and email invoicing.
• VisacoreTechnology or IntegrationInterBank issues Visa-branded debit cards to personal and business customers. Cards include Visa's Zero Liability Policy, EMV chip technology, Tap to Pay, and access to Visa's cardholder benefits including Identity Theft Protection.
• Zelle (Early Warning Services)coreTechnology or IntegrationInterBank has partnered with Zelle to enable fast, safe peer-to-peer money transfers for customers. Zelle allows users to send money directly from their InterBank account to enrolled recipients, typically within minutes.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Independent Bank Group: McKinney, Texas-based bank holding company serving North Texas and other Texas/Oklahoma markets with comparable deposit, commercial lending, and mortgage products. Direct competitor in DFW metro and Oklahoma markets.
• BancFirst: Oklahoma City-based bank holding company and largest state-chartered bank in Oklahoma. Direct competitor in the OKC metro and western Oklahoma markets with similar community-bank approach and commercial/consumer lending mix.
• Southside Bancshares: Tyler, Texas-based bank holding company operating community banks in Texas with comparable commercial real estate, mortgage, and consumer lending products. Similar size and community-bank operating philosophy.
• First Financial Bankshares: Abilene, Texas-based bank holding company operating community banks across Texas with similar small-business, commercial real estate, agricultural, and consumer lending focus. Highly comparable community-bank operating model in overlapping geographies.
• Prosperity Bancshares: Texas-headquartered bank holding company operating a large community bank franchise across Texas and Oklahoma with comparable commercial, consumer, and mortgage lending products. Closest direct peer in geography and business model.

Broad incumbents

• BOK Financial: Tulsa, Oklahoma-based regional financial holding company with significant commercial banking, energy lending, and treasury management operations across multiple states including Texas and Oklahoma. Larger incumbent with overlapping energy and commercial banking capabilities.
• JPMorgan Chase: Largest U.S. bank with significant branch presence in Texas and Oklahoma metros, offering comparable consumer, mortgage, and business banking products. Represents scale competition and technology-budget benchmark for the regional banking sector.

Regional players

• Legend Bank: North Texas-based community bank with branches across North Texas including Bowie, Nocona, and Wichita Falls. Comparable small-town community-bank operating model in overlapping North/West Texas geography.
• Ciera Bank: Graham, Texas-based community bank serving Young County and surrounding North Texas areas. Comparable community-bank operating model serving similar small/rural Texas markets with personal and business banking products.
• First United Bank: Oklahoma-based community bank with branches across western and central Oklahoma including Enid, El Reno, and Kingfisher — directly overlapping InterBank's Oklahoma footprint. Comparable community-bank model and agricultural/commercial lending focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/interbank2

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olney Bancshares of Texas