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PointBank History

Thirty–one years after James Pierson first planned to build a town in north Denton County in 1853, Pilot Point’s first bank opened its doors. It was 1884 and the bank, Pilot Point Bank, served as the forerunner, according to records from the Pilot Point Chamber of Commerce.

Pilot Point National Bank was chartered on July 13, 1892, eight years after opening its doors as a non-chartered bank. On November 15, 1995, Pilot Point National Bank shortened its name and officially became PointBank. PointBank currently has nine branch locations throughout Denton County, with continued plans for future expansion and growth. PointBank also has a mortgage subsidiary company known as Point Independent Mortgage.

A.H. Gee was the first president of the bank, which was capitalized with $80,000. J.A.L. McFarland was named the bank’s first cashier. Other bank presidents through the years have been H.W. Gee, 1929-1938; J. Earl Selz, 1938-1963; Walter Ray, 1963-1976; Ralph Burton, 1976-1981; J. Raymond David, Sr., 1981-2004; and Ray David, Jr., 2004-present.

PointBank originally was housed in the building that is now City Hall on the northeast corner of Main and Jefferson Streets in Pilot Point. Built in 1892, the building was remodeled in 1940. The bank’s operations were moved to 324 South Washington Street in Pilot Point in 1965.

In February 1987, PointBank opened its first branch office in Aubrey, Texas. Since that time, seven additional branches have opened in Argyle, Denton (two locations), Lake Cities, Lewisville, Little Elm and the nearest location, Flower Mound.

The officers, directors, shareholders and employees of PointBank are proud of the record of service the bank has achieved over its long history.