Commissioner Charles G. Cooper recently announced that First National Bank in Graham completed its conversion to a state-chartered bank. This marks the fourth conversion of a national bank to a Texas state charter in 2013. Prior to completing the conversion, two affiliate banks merged with First National Bank . As result of the conversion, the bank changed its name to Ciera Bank . Ciera Bank emerges from the reorganization as a $495 million bank with eight locations, including the main facility in Graham . The institution has a long-standing history dating back to 1890 and will continue to be a Federal Reserve member bank. Its FDIC deposit insurance coverage for all deposits will be uninterrupted.
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