Broadway Bank (Texas)
 | |
| Company type | Family-owned and locally operated |
|---|---|
| Industry | Banking |
| Founded | 1941 |
| Headquarters | San Antonio, Texas |
Key people | David Bohne, CEO |
| Total assets | $5 Billion (2023) |
Number of employees | 655 (2024) |
| Website | https://broadway.bank |
Broadway Bank is a community-focused bank established in 1941 by Col. Charles E. Cheever Sr. and Elizabeth Cheever. The institution operates twenty-eight banking locations along with two loan production offices throughout San Antonio, Austin, Dallas, Houston, and the Texas Hill Country. Its services encompass personal banking, private banking, business banking, mortgage lending, and wealth management.
History
Originally incorporated as "Broadway National Bank of Alamo Heights" in 1941 by Col. Charles E. Cheever Sr. and Elizabeth Cheever.
During the late 1950s, leadership transitioned to their son, Charlie Cheever Jr., who introduced innovations such as mortgage lending in 1959, extended banking hours, 24-hour ATM access, and neighborhood convenience centers for customers.
Broadway Bank was a pioneer in San Antonio by launching on-site brokerage services in 1983 and establishing its Wealth Management Division the following year in 1984.
The bank broadened its regional presence in 1996 by acquiring Financial Centers located in Fredericksburg, Kerrville, Boerne, Castroville, Hondo, and Seguin.
James D. Goudge, Charlie Jr.’s son-in-law, joined as EVP of commercial banking in 1989 and rose to CEO in 1998; he assumed the chairman role in 2001 and was honored with induction into the Texas Bankers Hall of Fame in 2023.
With the acquisition of Balcones Bank in 2005, Broadway expanded northward by adding Financial Centers in San Marcos, Wimberley, Kyle, and Buda. Further growth included new branches in Bee Cave and Dripping Springs by 2010. The bank entered Austin’s mid-town and Round Rock markets in 2013.
In April 2016, David Bohne succeeded Jim Goudge as CEO.
In 2018, Broadway Bank was recognized among large employers on the San Antonio Express-News' Top Workplaces list. Its progressive employee benefits package features fully employer-funded short-term disability coverage, up to eight weeks of paid parental leave for childbirth or adoption, and a flexible profit-sharing bonus plan that allows employees to divide earnings between cash payments or company-matched 401(k) contributions. The bank also fosters workforce development through mentoring and leadership training initiatives.
The year 2020 saw Broadway Bank revamp its digital brand alongside physical Financial Centers redesigned with open floor plans and digital displays.
Between 2021 and 2022, the bank expanded into the Dallas-Fort Worth and Houston markets.
In 2023, Broadway Bank achieved the top spot among extra-large companies on the San Antonio Business Journal’s Best Places to Work ranking.
By 2024, it earned a five-star rating as one of America’s Best Regional Banks from Newsweek and Plant-A Insights Group.
Current operations
Remaining under family ownership now led by the fourth generation of the Cheever family, Broadway Bank managed assets exceeding $5 billion by the close of 2023. Its Wealth Management portfolio alone surpassed $3 billion, positioning it among Texas’s largest privately held banks.
Awards
- Recognized as one of 2024’s Leading Regional Banks in America by Newsweek and Plant-A Insights Group
- Honored with the 2024 Outstanding Philanthropic Corporation Award from the Association of Fundraising Professionals
- Named among the Best Places to Work in 2023 by San Antonio Business Journal (honored annually since 2018)
- Recipient of the 2022 Aetna® Workplace Well-being Making a Difference Award
- Awarded the 2022 Best Digital Solution BCX Award
- Earned the 2022 Best Financial Planning Services accolade in the YourSA Reader's Choice Awards
- Designated as a Top Workplace in 2022 by San Antonio Express-News (recognized since 2017) and Austin American-Statesman (recognized since 2015)
- Winner of the 2020 IDC Real Results Omni-Channel Experience Award for excellence in Digital Banking
- Achieved the 2020 Cornerstone RAVE Award for outstanding Transformational HR and Talent Strategy