Commercial State Bank (Palmer, TX)

What Commercial State Bank (Palmer, TX) does

Commercial State Bank is a Texas state-chartered, FDIC-insured community bank founded in 1930 and headquartered in Palmer, Texas, operating three branches in Palmer, Ferris, and Wilmer. The bank serves individual consumers, small and mid-sized businesses, and public entity/nonprofit organizations with a full suite of traditional retail and commercial banking products including checking, savings, money market, NOW, CDs, IRAs, home and equipment loans, debit and credit cards, safe deposit boxes, and merchant services. The bank is held under Palmer Bancshares, Inc. and has been led by the Newsom family for over 30 years, with Phillip G. Newsom as CEO/Chairman and Chad R. Newsom as President/Chief Lending Officer.

The technology stack is a conventional third-party retail banking platform rather than a proprietary system: online banking runs on the ProfitStars TeleWeb platform accessible via browser and native iOS/Android apps, supplemented by a 24-hour touch-tone telephone banking service (TeleBank) and Quicken, Microsoft Money, and QuickBooks transaction export integrations. ATM access operates through the Pulse, Star, and Cirrus networks. The bank does not offer a public or partner-facing API, has no disclosed AI/ML capabilities, and has no patents or proprietary technology assets. The IT function is staffed by a single Vice President/IT Coordinator among a reported headcount of approximately 9 employees.

Revenue mechanics are typical of a small community bank: primarily net interest income on a roughly $40 million loan portfolio (commercial, home, consumer/equipment), supplemented by deposit account fees, debit and credit card interchange, safe deposit box rentals, and ancillary services such as prepaid Visa gift cards and notary services. As of June 30, 2026, total assets stood at $126.58M against $114.28M of deposits and approximately $12.4M of equity. On July 20, 2026, Future Financial Bankshares, Inc., a newly formed Texas corporation led by Jeffrey A. Kesler, signed a definitive agreement to acquire Palmer Bancshares and Commercial State Bank, with Chad Newsom retained as President. The transaction is positioned as the cornerstone of Future Financial's North Texas community banking strategy.

Name

Commercial State Bank (Palmer, TX)

Legal name

Commercial State Bank

Website

https://csbpalmer.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

1–10 employees

Short description

Commercial State Bank is a 1930-chartered FDIC-insured Texas community bank operating three branches in Palmer, Ferris, and Wilmer, serving individuals, businesses, and public entities with traditional deposit, loan, and card products. It is the subject of a pending acquisition by Future Financial Bankshares, Inc. announced July 20, 2026.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Community banking
• Retail banking
• Commercial lending
• Deposit accounts
• Online banking

Headquarters

HQ city

Palmer

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: The bank generates revenue primarily through interest earned on various loan products including commercial loans, home loans, and consumer/equipment financing.
2. Deposit Account Fees and Service Charges: Fees associated with checking accounts, savings accounts, and various banking services including e-statements, notary services, and account maintenance.
3. ATM and Debit Card Services: Revenue from ATM transactions and debit card services across Pulse, Star, and Cirrus networks.
4. Certificate of Deposit and IRA Products: Interest-bearing deposit products including CDs and Individual Retirement Accounts.
5. Visa Gift Cards and Money Cards: Sale of prepaid Visa gift cards (minimum $25, loaded up to $500) generating card purchase fees.
6. Credit Card Services: MasterCard credit card issuance through application-based enrollment at branch locations.
7. Safe Deposit Boxes: Annual rental fees for safe deposit boxes available at Palmer and Ferris locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Commercial State Bank is a traditional community bank that accepts deposits and originates loans for retail and commercial customers across North Texas. Its core products include checking, savings, money market, NOW, certificate of deposit, and IRA accounts, alongside home mortgages, commercial loans, equipment financing, and vehicle loans, with debit, credit, and prepaid Visa cards delivered through three physical branches and digital channels.

Product overview

Commercial State Bank is a traditional community bank offering a comprehensive suite of retail and commercial banking products and services. The core offerings include mobile and online banking platforms (Mobile Banking App, TeleWeb Online Banking, TeleBank telephone banking), various deposit accounts (checking, savings, money market, NOW accounts, CDs, IRAs), loan products, and card services (debit cards, credit cards, gift/money cards). The bank operates from its main office in Palmer, Texas with two additional branches in Ferris and Wilmer. All accounts include bundled services such as online/mobile banking, e-statements, debit cards, notary services, and bill pay. The bank does not offer a modular platform architecture but rather an integrated single-product banking service model.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts Personal, senior, public entity, nonprofit, and youth checking accounts with features including online and mobile banking, e-statements, debit cards, and online bill pay, available to consumers and organizations across the bank's North Texas service area.
• Savings Accounts Savings accounts and Save and Protect Club accounts for individual customers seeking to accumulate deposits with the bank.
• Money Market and NOW Accounts Interest-bearing Money Market Insured Checking, NOW Account, and Super NOW Account options for customers seeking higher-yield deposit balances.
• Commercial Checking and Merchant Services Commercial checking accounts and merchant card services tailored to small businesses and merchants operating in the bank's North Texas footprint.
• Loan Products Comprehensive lending services including business expansion loans, home mortgages, equipment financing, and vehicle loans, originated locally for retail and commercial borrowers.
• MasterCard Debit Card MasterCard-branded debit card linked to customer deposit accounts, providing ATM access through Pulse, Star, and Cirrus networks and allowing multiple accounts to be linked to a single card.
• MasterCard Credit Cards MasterCard credit card services available to customers who apply at any of the bank's three branch locations in Palmer, Ferris, and Wilmer.
• Visa Gift and Money Cards Prepaid Visa gift and money cards available for purchase at the bank, loadable from a $25 minimum up to $500, suitable for gifting or controlled spending.
• TeleBank 24-Hour Telephone Banking Automated 24-hour telephone banking service accessed via touch-tone phone using a Social Security number and 4-digit PIN, supporting balance inquiries, history, transfers, CD information, loan information, and loan payments.
• TeleWeb Online Banking Browser-based online banking platform accessible from any personal computer, smartphone, or tablet, providing account balances, history, fund transfers, loan payments, bill pay, Quicken and Microsoft Money downloads, and ACH and auto debit management.
• Mobile Banking App Secure, encrypted mobile banking application for Android and iOS devices providing full account management and transaction capabilities for Commercial State Bank customers.
• Online Bill Pay Online bill payment service available through the bank's online banking platform for convenient electronic payment of recurring and one-time bills.
• Safe Deposit Boxes Secure safe deposit box rentals available at the Palmer and Ferris branch locations for safekeeping of valuables and documents, charged on an annual rental basis.
• Notary Services Free notary services offered to bank customers for document signing and certification at branch locations.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Pointbank: Independent community bank headquartered in Sanger, Texas serving North Texas communities with similar deposit-gathering, consumer/commercial lending, and small-business banking focus. Closely comparable in scale, charter type, and geographic strategy.
• Happy State Bank: Texas-based community bank with multi-generational local presence offering deposit, lending, and digital banking services. Comparable charter structure, customer segments, and emphasis on community-focused banking.
• Legend Bank: Texas-based community bank serving North Texas with full-service retail and commercial banking. Comparable in asset size, branch-based delivery model, and focus on relationship lending to local businesses and consumers.
• Incommons Bank: State-chartered community bank in Mexia, Texas offering deposit accounts, commercial lending, and consumer banking services. Similar small-town Texas footprint and traditional community bank business model.
• Citizens State Bank: Independent Texas community bank providing deposit products, commercial lending, and digital banking to small Texas markets. Closely comparable in scale, product mix, and relationship-banking approach.
• First Bank & Trust (Texas): Texas community banking franchise with deposit and lending services targeting small and mid-sized Texas communities. Comparable in charter type, customer base, and localized decision-making.
• Vista Bank: Texas-based community bank focused on relationship banking, commercial lending, and digital banking services. Comparable asset size and Texas community banking franchise model.

Broad incumbents

• Texas Capital Bank: Texas-based commercial bank providing business lending, treasury management, and deposit services. Comparable in commercial banking orientation but operates at substantially larger scale and serves larger corporate clients.
• Independent Bank Group: Mid-sized Texas-based bank holding company operating across North Texas and other markets. Overlaps with Commercial State Bank in commercial and consumer banking products but operates at materially larger scale and with broader geographic footprint.
• PlainsCapital Bank: Texas-based commercial bank offering full-service retail and commercial banking across the state. Competes in the same Texas community banking market but with far greater scale, branch network, and product breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/commercial-state-bank-palmer-tx-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Commercial State Bank (Palmer, TX)