DALLAS (March 15, 2021) – Sixty (60) years ago, North Dallas Bank & Trust Co. (NDBT) first opened its doors to customers at the corner of Preston Road and Forest Lane in Dallas with $2 million in total assets, three officers, and seven employees. Today, NDBT is celebrating 60 years in business with $1.5 billion in total assets, more than 150 employees, and five bank branches located in Dallas, Addison, Frisco, Las Colinas, and Plano.
As one of the most successful and respected community bank organizations in Texas, NDBT has maintained a record of profitability every year in operation. It is one of the only banks in Dallas to have earned the prestigious 5-star superior rating from Bauer Financial for more than 30 consecutive years, affirming its reputation as one of the safest banks in America.
“Our longstanding success is only made possible through consistent, committed ownership and is the direct result of the trust and support we receive from our customers, the clear vision of our Board of Directors, and the expertise, commitment and dedication of our employees.” said Larry Miller, president of North Dallas Bank & Trust Co.
“We are committed to providing the highest level of personal service for today’s increasingly sophisticated customer, while keeping pace with the rapidly changing regulatory and technological landscape,” added Miller. “At NDBT, we are proud of where we have come from and are excited about where we are going. We look forward to the next 60 years of serving our customers and communities.”
In 1970, NDBT founding directors Bert Fields, Porter Lindsley Sr., and W.F. English purchased 4.85 acres to construct NDBT’s new, state-of-the-art bank building at the intersection of LBJ Freeway and Preston Road, and opened its doors to the public in March 1971. Just four short years later in 1975, NDBT built its landmark tower, which was the tallest building in Dallas outside of downtown at the time.
Amidst the tumultuous U.S. stock market of the 1980s, NDBT stayed true to its mission of responsible banking. At the end of that decade, NDBT was named one of the 100 safest banks in the country by Money Magazine, one of only two Texas banks on the list. When banks started closing their doors throughout the state, NDBT persevered, and continued its tradition of showing a profit in every year of operation since inception.
The 1990s brought the interstate banking and branch banking trends to Texas, and national competitors opened locations nearby. As one of the largest locally established banks in Dallas, NDBT began seeking new opportunities for independent banking. In 1994, NDBT opened its first branch banking center in Plano, and, after seeing the success of that location, additional bank branches opened in Las Colinas, Frisco, and Addison throughout the late 90s and early 2000s.
In 2018, for the first time in history, NDBT unveiled a fully revised brand of banking, which encompassed the bank’s future plans to honor its time-honored legacy with contemporary, customer-centric service style.
In 2021, NDBT chief executive officer, W. Michael Shipman, announced his retirement after serving the organization for more than twenty-five years. Current NDBT president Larry A. Miller was named his successor, effective April 1, 2021.
"It is fitting that during NDBT’s 60th year in business, we appoint a new leader who has long-term vision, strong management style, and a customer-based approach to banking," said Shipman. "Larry’s character, ability to innovate, and proven decision-making skills will serve our bank well as NDBT begins a new decade. We are confident that under Larry’s direction and influence, NDBT will continue to raise the expectations of what a bank can be."
Founded in 1960, North Dallas Bank & Trust Co. (NDBT) has 157 employees and five full-service banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ, the bank is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or on Facebook at www.facebook.com/NDBTMarketing/.