85R19338 JGH-D
By: Frullo H.R. No. 1216
R E S O L U T I O N
WHEREAS, The officers, staff, and stockholders of Lubbock
National Bank are celebrating the 100th anniversary of its founding
in 2017; and
WHEREAS, In 1917, only eight years after the incorporation of
the City of Lubbock, the bank was established by Charles E. Maedgen;
originally known as Security State Bank and Trust Co., it stood on
the corner of what is now Main Street and Texas Avenue; and
WHEREAS, The bank purchased Farmers' National Bank in 1920,
and five years later, it adopted the name Lubbock National Bank; and
WHEREAS, Today, this venerable financial institution is led
by board chair Roger Key, who is the grandson of the founder, along
with president and CEO Eddie Schulz; Mr. Key is joined in the bank's
management by his three brothers who remain active in the bank as
members of the board, including past president Terry Key, attorney
Howard Key, and executive vice president Charles Key; the bank
boasts assets of $1 billion, and it has opened branches in Bryan,
College Station, and Austin; and
WHEREAS, For the past century, Lubbock National Bank has
played a vital role in the prosperity of the Lubbock community and
beyond, and it is truly deserving of special recognition on this
important milestone in its history; now, therefore, be it
RESOLVED, That the House of Representatives of the 85th Texas
Legislature hereby commemorate the 100th anniversary of Lubbock
National Bank and extend to all those associated with the
institution sincere best wishes for continued success; and, be it
further
RESOLVED, That an official copy of this resolution be
prepared for Lubbock National Bank as an expression of high regard
by the Texas House of Representatives.