Citizens National Bank of Texas

What Citizens National Bank of Texas does

Citizens National Bank of Texas is a privately held, federally chartered community bank founded in 1868 and headquartered in Waxahachie, Texas. The bank operates 12 physical branches — 11 across north and central Texas (three in Waxahachie, plus Midlothian, Burleson, Cedar Hill, Red Oak, Ennis, Weatherford, Stephenville, and Cleburne) and one out-of-state location in Tahoe City, California — serving individual consumers, small-to-medium businesses, and agricultural (farm and ranch) customers. It is led by CEO and President Mark Singleton, is regulated by the Office of the Comptroller of the Currency (OCC), is FDIC-insured, and is designated an Equal Housing Lender; no parent company, private equity, or venture capital ownership is disclosed.

The bank's product portfolio spans deposit products (mPowered personal and business checking, savings, money market, certificates of deposit, IRAs, HSAs), lending (CNB Mortgage, home equity, personal/auto/RV/boat, farm and ranch land, and business loans), and a digital banking stack delivered under the "mPowered" sub-brand. The CNB Mobile App supports mobile check deposit, card freeze, spending-limit management, person-to-person transfers via Zelle, Apple Pay, Samsung Pay, and Google Pay. Business services include Remote Deposit Capture and Cash Management Online (account management, ACH, wire, payroll, multi-user access). The bank highlights its "Instant Alerts" real-time notification service — covering debit card, ACH, and direct deposit activity — and a paid "Instant Alerts Plus" tier at $2 per month as a differentiating capability.

The business model is traditional community banking: net interest income from loans and securities, supplemented by deposit-related fees and ancillary service charges (e.g., monthly maintenance, analysis fees on business accounts, overdraft, the $2/month Instant Alerts Plus add-on, and interchange from community-themed debit cards). Customer acquisition is largely branch-, community-, and relationship-driven, supported by an extended-hour Customer Contact Center and an active presence on Facebook, X/Twitter, and Instagram. As a privately held national bank, the institution does not disclose financial statements; revenue, net interest margin, deposits, and loan-portfolio figures are not available in the source data.

Name

Citizens National Bank of Texas

Legal name

Citizens National Bank of Texas

Website

https://cnboftexas.com

Company type

Public

Founded year

1868

Operating status

Operating

Headcount range

101–250 employees

Short description

Citizens National Bank of Texas is a privately held community bank founded in 1868, operating 12 branches across Texas and California. It serves consumers, small-to-medium businesses, and agricultural customers with deposit products, lending, mortgage, and mPowered digital banking services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Personal checking accounts
• Business banking services
• Mortgage lending
• Farm and ranch loans

Headquarters

HQ city

Waxahachie

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Pricing tiers

Distribution channels4 records

Marketing channels5 records

Core offering

Citizens National Bank of Texas is a community bank offering personal and business banking products including checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), IRAs, mortgage lending, farm and ranch loans, home equity loans, personal lending, business lending, and debit cards. The bank operates through 12 physical branches in Texas and California, complemented by a digital banking platform (mPowered) with mobile app, online banking, and tools such as Remote Deposit Capture, Cash Management, and Instant Alerts.

Product overview

Citizens National Bank of Texas operates as a community bank offering a unified portfolio of personal and business banking products. The core offering consists of mPowered checking and savings accounts (personal and business variants), money market accounts, certificates of deposit, and IRAs. Supplementary services include mortgage lending, farm and ranch loans, home equity and personal lending, debit cards with community-themed designs, and business services such as Remote Deposit Capture and Cash Management. Digital banking is delivered through the CNB Mobile App with integrated features including Instant Alerts, PicturePay bill payment, Person-to-Person transfers, and card control tools (freeze and spending limit management). The mPowered branding serves as the overarching digital banking platform across all account types.

Differentiator

Problem solved

Functional benefit

Brands

• CNB Mortgage: Mortgage lending division of Citizens National Bank of Texas offering home purchase and refinance loans.
• mPowered

Products and services

• mPowered Free Checking Zero-fee personal checking account with free VISA debit card, instant alerts, online and mobile banking, and unlimited bill pay, requiring a CNB Visa Debit Card.
• mPowered Checking Personal interest-bearing checking account with $200 minimum balance to avoid a $9 monthly fee, free nationwide ATM access, and e-statements included.
• CNB Savings Savings account with interest compounded daily and paid quarterly on balances of $200 or more, with immediate access to funds and a $10 monthly fee if balance falls below $200.
• CNB Money Market Money market account earning tiered interest on balances of $1,000 or greater, with $15 monthly fee if average daily balance falls below $2,500 and access via ATM, online, phone, and in-person.
• CNB Preferred Money Market Premium money market account requiring $25,000 minimum balance with tiered interest on balances of $25,000 or greater and a $15 monthly fee if balance falls below $25,000.
• CNB Health Savings Account Tax-advantaged savings account for qualified medical and retiree health expenses, established under the Medicare bill of December 8, 2003.
• CNB Certificate of Deposit Time deposit accounts earning competitive fixed interest rates over specified terms, including a 6-month CD at 4.04% APY and a 12-month CD at 3.82% APY (as of 9/9/2025), based on a minimum deposit of $1,000 with early withdrawal penalties.
• CNB Individual Retirement Accounts (IRAs) Tax-deferred retirement savings accounts with competitive rates, where the account holder manages the account.
• CNB Mortgage Mortgage lending services with online application and loan status tracking through a web-based platform, offered via the CNB Mortgage division for home purchase and refinance loans.
• Farm and Ranch Lending Specialized land loans for purchasing, refinancing, or improving farm and ranch properties in Texas, serving agricultural property owners and operators.
• Home Equity Loans Loans using home equity as collateral, typically offering lower interest rates than conventional personal loans.
• Personal, Auto, Boats and RVs Lending Vehicle and recreational financing including cars, motor homes, and boats with pre-approval options for consumer purchases.
• Community Debit Cards Customizable personal debit cards featuring community scenes, local school districts, and sports team designs across CNB's Texas service areas.
• mPowered Business Checking High-volume business checking account with analysis-based fees, free nationwide ATM access, and a credit applied to offset fees, designed for businesses with high transaction volumes.
• mPowered Small Business Checking Small business checking with $100 minimum opening and $250 minimum balance to avoid the $10 monthly fee, with free online and mobile banking included.
• CNB Commercial Savings Business savings account with $200 minimum to earn interest, zero fees if balance is $200 or greater (otherwise $10 per quarter), with interest compounded daily and paid quarterly.
• CNB Commercial Money Market Business money market account with check-writing privileges and tiered interest based on balance, requiring $1,500 minimum to earn interest; zero fees at or above the minimum and a $15 quarterly fee otherwise.
• Visa Business Debit Card Business debit card providing nationwide ATM access and payment capabilities for business purchases without writing checks.
• Business Lending Customized business loans, including SBA loans, designed to fit unique business needs with flexible terms and personalized service.
• Remote Deposit Capture Electronic check deposit service allowing business customers to scan and deposit checks from their office using a scanning device, reducing time away from the office and enabling multi-location deposit management.
• Cash Management Comprehensive online banking solution for businesses including account management, wire transfers, payroll administration, ACH payments and receipts, and multi-user access controls.
• CNB Mobile App Mobile banking application enabling account access, mobile check deposit, card freeze, spending limit management, person-to-person transfers, and bill payment via PicturePay.
• Instant Alerts Real-time notification service alerting customers via text or email when their debit card is used or direct deposits arrive, with Instant Alerts Plus providing daily summaries, ACH activity monitoring, real-time available balance, and debit card purchase notifications for $2/month.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Independent Financial: Independent Financial is a Texas-based community bank holding company (Independent Bank Group, NASDAQ: IBTX) offering commercial and consumer banking across North Texas and other Texas metros. Directly comparable as a Texas-domiciled community bank with overlapping personal/business deposit, lending, and digital banking offerings.
• First Financial Bank (Texas): First Financial Bank is a Texas regional bank (formerly First Financial Bankshares) serving consumer and commercial customers with comparable checking, savings, mortgage, and treasury management products. Closely comparable in terms of community bank business model and Texas footprint, though larger in scale.
• PlainsCapital Bank: PlainsCapital Bank is a Texas commercial bank subsidiary of Hilltop Holdings, providing consumer, small business, and treasury management products across the state. Comparable as a full-service Texas community/commercial bank with deposit, lending, and digital capabilities similar to CNB of Texas.
• Texas Capital Bank: Texas Capital Bank is a Dallas-headquartered commercial bank serving businesses, entrepreneurs, and individuals across Texas with deposit, lending, and treasury management services. Comparable in Texas-based commercial/community banking focus, though more weighted toward business/commercial banking.
• Veritex Community Bank: Veritex Community Bank is a Texas-based community bank (NASDAQ: VBTX) operating branches across Dallas-Fort Worth and other Texas metros, offering consumer and business banking products. Direct comparable in DFW suburban community banking footprint and product mix.
• Lone Star State Bank: Lone Star State Bank is a Texas state-chartered community bank providing personal and commercial banking products. Comparable as a small-to-mid-sized Texas community bank with similar customer segments, although smaller and less geographically diversified.
• Inwood National Bank: Inwood National Bank is a Dallas-based independently owned community bank serving consumers and businesses in North Texas. Comparable as a Dallas-area community bank with similar relationship-banking focus and consumer/business product mix.
• Wallis State Bank: Wallis State Bank is a Texas-based community bank offering personal and business banking across Central and Southeast Texas. Comparable in community bank model and product offerings, though geographically oriented away from North Texas.
• Broadway National Bank: Broadway National Bank is a privately held San Antonio-based community bank with personal, business, and wealth management services. Comparable as a long-tenured Texas community bank with private ownership and relationship-banking model, though located in a different Texas metro.

Broad incumbents

• Prosperity Bank: Prosperity Bank is one of the largest Texas-based community banks, operating hundreds of branches across Texas and Oklahoma. Comparable as a Texas-domiciled community/commercial bank serving similar customer segments but significantly larger in scale and broader in geographic coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/cnboftexas
• Facebookfacebook.com/cnboftexas
• Instagraminstagram.com/cnboftexas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Citizens National Bank of Texas