LegacyTexas Bank offers business banking, consumer banking and commercial banking. Additionally, they also offer specialized financial services through their Mortgage Division and through their affiliated companies, LegacyTexas Title and LegacyTexas Insurance. The bank attracts deposits from old accounts and from their new consumers, these pooled deposits are then used to fuel the company’s lending activities. The bank offers a wide range of both secured and unsecured commercial. Industrial and consumer loans.
As of writing, the bank has 47 locations across North Texas and continues to fortify its presence in the region through organic growth and by strategically acquiring competing businesses. Based on their December 2015 report, the company has assets amounting to more than $7.5 billion. Their loan portfolio is comprised of more than $741.7 million of commercial and industrial loans, $542.2 million in consumer real estate loans and another $40.5 million in consumer lending. To supplement their pooled deposits, the bank has access to the Federal Home Loan Bank for quick and short-term borrowings. As of December 2014, the bank has total deposits amounting to more than $214.6 million.
LegacyTexas Financial Group, Inc. is listed as a component of the Russell 3000 Index. It is in Plano, Texas that the business holds its corporate office. It continues to publicly trade its common shares on the NASDAQ Stock Exchange and markets its stocks using the symbol LTXB.