TITLE: Commemorating the 100th anniversary of Schwertner State Bank.

SUMMARY: Commemorating the 100th anniversary of Schwertner State Bank.

FULL TEXT:
WHEREAS, Schwertner State Bank celebrated its 100th anniversary on July 19, 2013, providing a fitting opportunity to recognize this historic financial institution; and WHEREAS, The bank's founder was Adolph Schwertner, one of a family of Austrian immigrants who settled in Central Texas in 1877 and who donated the land for the town that now bears their name; in order to accommodate the financial needs of the growing community of farmers, Mr. Schwertner opened the doors of a new bank on October 21, 1912; and WHEREAS, The bank continued to serve its depositors through good times and bad; when bank examiners came to check the institution's books during the dark days of the Great Depression and discovered that some local farmers might not be able to repay their loans, Mr. Schwertner put up his own personal fortune as a guarantee on their behalf; his trust in his customers was repaid, and the bank did not lose a dime; and WHEREAS, Schwertner State Bank has remained in the family through the years, and in 1977, it was purchased by Adolph Schwertner's grandson and current board chair Jim Schwertner; the institution now boasts a second location in Jarrell, and under the leadership of Mr. Schwertner and bank president Dale Hand, the bank's assets have grown from $1.2 million to $42 million; and WHEREAS, The bank's centennial celebration was attended by 600 people, including many longtime customers and Texas State Banking Commissioner Charles Cooper, former FDIC chair Don Powell, Texas State Senator Charles Schwertner, and Governor Rick Perry; and WHEREAS, The communities of Texas are strengthened by the support and encouragement of locally owned and operated businesses, and for 100 years, Schwertner State Bank has played an important role in Williamson County; now, therefore, be it RESOLVED, That the House of Representatives of the 83rd Texas Legislature, 3rd Called Session, hereby commemorate the 100th anniversary of Schwertner State Bank and extend to the bank's officers, staff, and customers sincere best wishes for continued success; and, be it further RESOLVED, That an official copy of this resolution be prepared for the bank as an expression of high regard by the Texas House of Representatives. Farney Speaker of the House I certify that H.R. No. 6 was adopted by the House on August 5, 2013, by a non-record vote. Chief Clerk of the House