What Colonial does

Colonial Savings, F.A. is a privately held, federally chartered thrift institution headquartered in Fort Worth, Texas, founded in 1952 by Jimmy DuBose. The bank operates as a full-service community bank serving individuals, families, and small-to-medium businesses across the North Central Texas region (Dallas-Fort Worth metroplex) through six owned-and-operated banking centers in Arlington, Colleyville, Fort Worth, and Lewisville. Its customer base spans personal banking, business banking, medical professional lending, and owner-occupied commercial real estate financing.

The institution's core technology comprises a full-service banking platform including Colonial Online Banking (24/7 web access for balances, transfers, bill pay, alerts), the GoColonial Mobile Banking App for iOS and Android with mobile check deposit and text banking, and Deposit Express — a remote desktop check capture service for business clients offering same-day deposit capabilities and 24 months of historical data. Credit card products (Mastercard Platinum, Mastercard World, VISA Platinum) are issued through a partnership with TIB, National Association, and the bank participates in SBA loan programs (including SBA 504) and integrates with QuickBooks Online, Apple Pay, Samsung Pay, ShopRunner, and Postmates.

Colonial's revenue model is anchored in net interest income from a diversified loan portfolio (mortgages, HELOCs, personal loans, commercial real estate, equipment loans, lines of credit, business credit cards), supplemented by deposit account fees (overdraft, minimum balance, safe deposit box rentals at $25-$95/year), credit card interchange and annual fees via its TIB partnership, and merchant services transaction processing at rates as low as 1.29%. Go-to-market is direct-to-consumer through physical branches and digital self-service channels, supported by local commercial decision-making authority and a referral-driven acquisition model rather than paid advertising. The bank is currently exiting the mortgage servicing business in 2026, transferring that portfolio to 30+ third-party servicers, which represents a material strategic contraction of its service scope.

Name

Colonial

Legal name

Colonial Savings, F.A.

Website

https://gocolonial.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Colonial Savings, F.A. is a privately held, federally chartered thrift bank founded in 1952, operating six branches across North Central Texas to provide personal and small-to-medium business banking, lending, and merchant services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)

SIC

Savings Institution, Federally Chartered (6035), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH), Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Community banking
• Personal banking
• Business banking
• Commercial lending
• SBA loans

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest income from personal and business loans including mortgages, HELOCs, personal loans, commercial real estate loans, equipment loans, and lines of credit. The bank earns interest rate spreads on its loan portfolio.
2. Deposit Account Fees: Various fee income from checking and savings accounts including overdraft fees, minimum balance fees, and ATM fee refunds (up to $15 per month refunded).
3. Credit Card Fees: Income from credit card accounts including annual fees (for rewards cards), transaction fees, and interchange income. Cards offered through TIB, National Association.
4. Merchant Services: Credit card processing fees for business customers at rates as low as 1.29%. Revenue from transaction processing for merchant clients.
5. Deposit Taking: Traditional deposit-taking from checking, savings, money market accounts, and certificates of deposit. Interest paid to depositors creates spread income.
6. Safe Deposit Boxes: Annual rental fees for safe deposit boxes ranging from $25 to $95 per year plus key deposits.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Colonial Savings, F.A. is a federally chartered thrift and community bank that provides personal and business banking products and services to consumers and businesses across North Central Texas. Its offerings include deposit products (checking, savings, money market, CDs), consumer lending (personal loans, lines of credit, HELOCs, credit cards), and commercial lending (business loans, SBA loans, commercial real estate, owner-occupied real estate, and a niche medical professional loan program), supported by merchant services and digital banking channels.

Product overview

Colonial is a full-service community bank offering a comprehensive suite of personal and business banking products through multiple integrated service lines. The personal banking portfolio includes Colonial Free Checking, Colonial Edge Checking with tiered interest rewards up to 1.00% APY, Interest Checking, Money Market accounts, Premium Money Market, Personal Edge Premium Money Market (up to 3.56% APY), Statement Savings, Certificate of Deposit products including standard CDs (special 3.94% APY 6-month CD), Jumbo CDs, and IRA CDs, Personal Loans, Personal Line of Credit (PLOC), Home Equity Lines of Credit (HELOC), Credit Cards (Mastercard Platinum, Mastercard World, VISA Platinum), Debit Cards, Colonial Protect overdraft protection, Mobile Check Deposit, and Online & Mobile Banking. Business banking services encompass various checking accounts (Business Checking, Business Interest Checking, Business Analyzed Account, Business Money Market, Business Edge Premium Money Market), Business Credit Cards (Standard and Preferred Points), Business Loans including Lines of Credit, Equipment Loans, Term Loans, Commercial Real Estate Loans, SBA Loans, Owner-Occupied Real Estate Loan Program, Medical Professional Loan Program, Deposit Express remote deposit capture, Merchant Services, Colonial At Work employee benefits program, and Relationship Manager services. The bank operates six branches in North Central Texas and serves customers across the region with locally-based decision-making.

Differentiator

Problem solved

Functional benefit

Brands

• Colonial Edge: Interest-bearing checking account with up to 4X interest compared to traditional checking, earning 1.00% APY on balances up to $25,000.
• Colonial Protect
• Colonial PLOC
• Colonial At Work
• Deposit Express

Products and services

• Personal Checking Accounts Personal checking accounts offered to consumers in North Central Texas, including Colonial Free Checking (no monthly fee), Colonial Edge Checking (with Colonial Protect overdraft protection), and Interest Checking (interest-bearing with higher balance tiers).
• Personal Savings Accounts Personal savings products including Statement Savings (basic savings), Money Market and Premium Money Market (tiered, higher-balance money market accounts), and Personal Edge Premium (relationship savings combining statements, money market, and CD accounts for higher relationship tiers).
• Certificates of Deposit (CDs) Term deposit products including Standard CDs, Jumbo CDs (for higher balances), and IRA CDs (for individual retirement savings), offered with multiple terms and rates.
• Personal Loan Unsecured personal installment loan for individuals who need to borrow for personal projects, expenses, or emergencies, funded directly by Colonial.
• Personal Line of Credit (PLOC) Revolving personal line of credit for individuals who want flexible, ongoing access to funds for personal needs, secured through Colonial.
• Home Equity Line of Credit (HELOC) Home-secured revolving line of credit for homeowners who want to borrow against the equity in their home, with no closing costs and a 10-year draw period offered by Colonial.
• Personal Credit Cards Personal credit card products for consumers, including Mastercard Platinum and Mastercard World, plus a VISA Platinum option, offered through Colonial.
• Debit Cards Debit cards issued to Colonial checking account holders for everyday purchases and ATM access, linked to their personal deposit accounts.
• Colonial Protect (Overdraft Protection) Overdraft protection service for Colonial Edge Checking account holders that helps prevent declined transactions and returned items by linking to backup funding sources.
• Safe Deposit Boxes Rented safe deposit boxes available at Colonial banking centers for consumers and businesses to securely store valuables and important documents, with multiple sizes offered.
• Online & Mobile Banking Digital banking services including online banking account access and a mobile banking application, plus mobile check deposit, for personal and business customers to manage accounts on the go.
• Business Checking Accounts Business checking account suite including Business Checking, Business Interest Checking, Business Analyzed (with detailed account analysis), Business Money Market, and Business Edge Premium (relationship-based with combined statement, money market, and CD benefits).
• Business Credit Cards Business credit card products including a Standard business credit card and a Preferred Points rewards business credit card for small and mid-size businesses to manage business expenses and earn rewards.
• Business Loans Business lending products for small and mid-size businesses, including Business Lines of Credit (working capital), Equipment Loans (for equipment purchases), and Term Loans (fixed-term business financing).
• Commercial Real Estate Loan Program Commercial real estate loan program focused on non-owner-occupied commercial properties for investors and developers, with local underwriting and in-house appraisal management.
• SBA Loans U.S. Small Business Administration (SBA) loan programs offered through Colonial as a participating local lender, providing government-backed financing to qualifying small businesses.
• Owner-Occupied Real Estate Loan Program Owner-occupied commercial real estate loan program for businesses that own and occupy their own commercial property, providing financing for purchase, refinance, or improvement.
• Medical Professional Loan Program Specialized loan program for licensed medical professionals such as doctors, dentists, and veterinarians who have completed or are nearing completion of their training, providing financing to start, acquire, or expand a medical practice.
• Deposit Express Remote deposit capture service that allows Colonial business customers to deposit checks electronically from their business location using a dedicated scanner, accelerating funds availability and reducing branch visits.
• Merchant Services Card acceptance and payment processing services for business customers of Colonial, supporting in-person and other card-based customer payments.
• Colonial At Work (Payroll & Employee Benefits) Payroll and employee benefits program for business customers that streamlines workforce-related payments, tax, and benefits administration through Colonial as a single provider.

Quantifiable outcome

• ATM fee refund up to $15 per month on Colonial debit cards
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• TIB, National AssociationcoreChannel Partner/ Reseller/ DistributorCredit cards (Mastercard and Visa) are offered through TIB, National Association. The partnership allows Colonial to provide credit card products without operating as the issuing bank. Applications are processed by a third-party card service center in Dallas, TX.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerColonial participates in SBA loan programs including SBA 504 loans for real estate and fixed asset purchases. SBA 504 loans support business acquisitions, expansions, construction, partner buyouts, and machinery/equipment purchases.
• Desktop Check Scanner ProviderssupportingTechnology or IntegrationColonial Deposit Express requires certified desktop check scanners which are provided for a fee. This enables the remote deposit capture functionality for business customers.
• Community Organizations - CRA PartnershipssupportingStrategic or Co-development PartnerPartnership with local organizations under Community Reinvestment Act programs including: Center for Transforming Lives, Junior Achievement of the Chisholm Trail, Boys & Girls Club of Greater Fort Worth, United Way, Habitat for Humanity, The Women's Center, DRC Solutions, Housing Opportunities of Fort Worth, local schools, and various credit unions.
• Mortgage Servicing Transfer PartnerssupportingChannel Partner/ Reseller/ DistributorColonial is transferring mortgage servicing to multiple partners including PNC Bank, Member First Mortgage, Fay Servicing, Carrington Mortgage Services, Selene Finance, and 30+ other servicers as part of exiting the mortgage servicing business.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Emerging players

• SBA Lenders (CDC Small Business Finance): CDC Small Business Finance is a leading SBA 504 lender serving the same Texas SMB and CRE borrower base as Colonial's SBA and owner-occupied CRE programs. Comparable niche-credit focus makes it a relevant emerging competitor for specialized SBA lending in DFW.

Direct peers

• PlainsCapital Bank: PlainsCapital Bank is a Texas community bank with significant Dallas-Fort Worth retail and business banking operations. Comparable product set (checking, savings, business loans, CRE) and similar locally-managed underwriting make it a direct competitor in the DFW metro.
• Independent Bank Group: Independent Bank Group is a Texas-based community bank holding company headquartered in McKinney with branches across the Dallas-Fort Worth region. It is a directly comparable community/thrift-style institution serving similar personal and business banking customers in overlapping North Texas geographies.
• Frost Bank: Frost Bank is a major Texas community bank with a strong DFW presence and a similar relationship-driven commercial lending model. It competes head-to-head with Colonial for DFW retail deposits, SMB banking, and commercial real estate loans.
• Veritex Community Bank: Veritex Community Bank is a Dallas-headquartered community bank focused on commercial lending, business banking, and retail deposits in the DFW metro. It is a direct peer for SMB and CRE loans and competes for the same referral-driven customer relationships.
• Prosperity Bank: Prosperity Bank is one of the largest Texas-based community banks, with extensive DFW-area branches offering personal and business banking products. It competes with Colonial for retail deposits, SBA loans, and commercial real estate financing.
• Allegiance Bank: Allegiance Bank (now part of Bank of Houston/IBERIABANK lineage, acquired by Trustmark) was a Houston-area community bank focused on SMB lending. Comparable private/community-bank model serving Texas businesses with relationship-driven commercial banking similar to Colonial's value proposition.

Broad incumbents

• Texas Capital Bank: Texas Capital Bank is a Dallas-based commercial bank serving businesses and high-net-worth individuals across Texas. While larger and more commercially focused than Colonial, it competes for the same DFW business banking, CRE, and treasury management relationships.
• BOK Financial: BOK Financial (BOKF) is a regional bank holding company with commercial banking operations across Texas including the DFW market. It is a broader incumbent offering personal, business, and commercial banking products similar to Colonial, but at materially greater scale.
• Comerica Bank: Comerica is a regional bank with a substantial Dallas-Fort Worth retail and commercial presence. As a broader incumbent, it competes with Colonial across consumer deposits, SMB lending, and CRE, though its product portfolio extends well beyond community banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/colonialbanking

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

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 Colonial