Our Story

More than 130 years strong

Founded as The First National Bank of McGregor in 1889, TFNB is the oldest bank in McLennan County and the seventh oldest national bank in Texas still operating under its original charter.  In 1957, we moved from our original location at 217 S. Main in McGregor, Texas to a more modern building across the street and two blocks south to 401 S. Main, where our downtown McGregor location is standing today.

TFNB is now led by a new generation of bankers known as McGregor Bancshares, Inc. Beard’s son, Mike oversees TFNB from our downtown McGregor location, and he serves as TFNB’s chairman. Kultgen’s son serves as a director on TFNB’s board.

In 2000 Mike Beard hired Waco native David Littlewood as president to run the bank. Littlewood brings years of banking experience as well as numerous connections to TFNB.  In the years since Littlewood joined the bank, his relationship with Beard has become reminiscent of the partnership between the elder Beard and Kultgen — one comprised of similar philosophies and success. David Littlewood currently serves as TFNB’s President and CEO.

With Littlewood as the driving force, and Beard his staunchest supporter, TFNB is expanding its geographic footprint.  In 2006, we opened TFNB South Bosque on Highway 84 on the eastern edge of McGregor to serve the growing population between McGregor and Waco. In April 2015, we acquired Oglesby State Bank, our third full-service location.  That same year we began operating under the trade name TFNB Your Bank for Life to reflect the expanded area of our customer base. Our name and updated brand reflect our McGregor origins as well as our future. On December 2, 2016, First National Bank of Evant announced plans to acquire our Oglesby location.  The transaction was complete on February 17, 2017.

With our vision is to grow, we will have opened two locations in Waco by Spring 2019. You can find us at our Triangle Tower location in Waco at 510 N. Valley Mills Drive. Then, in the spring of 2019, our new, downtown Waco location will open at 901 S. 8th. Strategically located between Magnolia Market, Baylor University, a revitalized downtown Waco and beyond, TFNB has solidly gained its foothold in the Waco market. In addition to McGregor, South Bosque, and Waco, our team of 40+ people also serves customers across Texas and the United States. Through the use of technology, banking with us has no location boundaries.

Learn more about our work family.