One of Houston’s longest continuing businesses has sold. The Bank of Houston, which has operated in the community since 1889, was sold by Ozark Bancshares, the holding company for the institution, to Summit Bancshares of Chesterfield, in a deal finalized on July 16. The Bank of Houston, situated at Grand Avenue and Mill Street, has about $30.6 million in assets. No name change is planned.
Thomas Criswell, an Illinois native who has been a banker for about 40 years, was named the CEO and president of The Bank of Houston. The current staff remains in place, as does Chris Smith, part of the family that owned the bank since 1969. His grandfather purchased the institution from E.E. Romines and his father, R.E. “Eddie” Smith, joined the banking business in 1972.
The Smith family and the bank, Criswell said, have a rich history of participating in the progress and growth of the community, and that will not change with the new ownership. The bank is already working to support the community and were major supporters at the recent Junior Livestock Sale at the conclusion of the 2019 Texas County Fair.
Criswell said an open house commemorating the bank’s 130 years of service to Houston and the county is planned for 10 a.m. to 3 p.m. Wednesday, Aug. 28. Customers of the bank, area residents and community leaders are invited to meet Criswell and the new owners.