Broadway Bank

"We at Broadway Bank will look to the future, remembering our past, and do what is best for our customers, employees & stakeholders."

 

- Charles E. Cheever Jr., Chairman Emeritus

Our History

Since its beginnings in 1941 as San Antonio’s first suburban bank, Broadway National Bank has always been a trendsetter, introducing innovative financial policies which help shape modern banking.

Today, Broadway is the largest independently owned bank headquartered in San Antonio. But it began in a small store front in Alamo Heights, founded by a military officer, Col. Charles E. Cheever Sr., and his wife, Elizabeth Cheever. They envisioned a financial institution that would serve the hundreds of military families who were migrating to San Antonio because of the war effort, and the businesses which would serve those new residents.

The founders' son and Chairman Emeritus of Broadway Bancshares Inc., Charles E. Cheever Jr., remembers the bank’s modest beginnings as "a very difficult period." After opening the bank, Col. Cheever was called to duty in Europe, where he spent the war years working as a Judge Advocate for Gen. George S. Patton. Mrs. Cheever, in her son’s words, was left "to hold things together" at home and at the bank, serving on the board of directors until her husband returned.

In succeeding decades, Broadway National Bank set numerous "firsts." In 1959, it was the first San Antonio bank to establish a mortgage lending division and it was the first to extend its banking hours to help working families.

In 1983, the bank was the city’s first to offer on-site brokerage services. Broadway’s successful Wealth Management Division was established in 1984. In 1996, Broadway Bank acquired Financial Centers in Fredericksburg, Kerrville, Boerne, Castroville, Hondo, and Seguin, Texas

In 2005, the bank acquired Balcones Bank with Financial Centers in San Marcos, Wimberley, Kyle and Buda starting its strategic move northward. The strategy continued to take shape with its addition of Bee Cave and Dripping Springs Financial Centers in 2010. In 2012, Broadway Bank began offering the Family Business Resource Center™ for local family business leaders needing to work with each other and professional advisors to help build the most successful organizations possible. Just a year later in 2013, Broadway Bank announced its entry into the Austin region and today serves the mid-town and Round Rock areas.

In recent years, Broadway has been expanding its brand of modern banking to new markets across Texas, including Dallas-Fort Worth and Houston. To make the expansion successful, Broadway has hired new bankers in both cities and laid the groundwork for establishing teams of expert Commercial bankers. In San Antonio and Austin, our local teams continue to focus on supporting growth and performance following banner years with record-setting results in recent years.