First United Bank
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | October 2, 1900 in Durant, Oklahoma, United States |
| Headquarters | Durant , United States |
Area served | Oklahoma, Texas |
Key people | Greg Massey (Chairman and CEO) |
| Products | Personal and business banking, investment advisory, insurance services, mortgage lending |
| Owner | Massey family |
| Website | firstunited |
First United Bank is a financial services company headquartered in Durant, Oklahoma, offering a range of personal and business banking solutions, along with investment advisory, insurance services, and mortgage lending. As of 2021, the institution oversees $13.5 billion in assets and holds the position of the seventh-largest bank within Oklahoma, operating a network of 85 branches throughout Oklahoma and Texas.
The bank remains under the ownership of the Massey family. John Massey, a former Oklahoma state senator, led the organization as chairman until 2020. Presently, his son Greg Massey holds the dual roles of chairman and chief executive officer.
History
Founded on October 2, 1900, as Durant National Bank within Bryan County of the Choctaw Nation Territory (now Durant, Oklahoma), the bank expanded by merging with eight local banks in 1915 and constructed a new headquarters in Durant by 1916. It was rebranded as Durant Bank & Trust in 1963 and distinguished itself as one of Oklahoma’s earliest banks authorized to offer full trust services. The institution adopted the First United Bank name in 1998.
John Massey became a director at Durant Bank & Trust in 1966 and rose to chairman and majority owner by 1986. His son Greg joined the company in 1990 and took over as CEO in 2003. Through strategic acquisitions, including the 2016 consolidation with American Bank of Texas, First United grew to encompass 73 branches across Oklahoma and Texas, managing $12.5 billion in assets at that time.