Our Mission: To touch lives building secure financial futures and long-term profitable relationships.™
Exporters and Traders Compress & Warehouse Company began its cotton compress and warehousing business in Waco on July 12, 1902.
Today, the company has evolved into the largest and most comprehensive independent financial institution headquartered in central Texas.
Extraco (an acronym for Exporters and Traders Compress) exceeds $1 billion in assets, enjoys 135,000 customers in 26 locations, participates in hundreds of volunteer community
leadership roles, and, most importantly, employs over 400 central Texans.
The company conducts business in 13 Central Texas communities and offers trust, insurance, financial services, mortgage, technology and a wide variety of traditional consumer and
commercial banking services.
Over the last decade, Extraco, now in its third generation of family management, has developed a complete one-stop financial center vision that offers a superior experience to our customers.
We invite you, our friends and neighbors, to join our Extraco family of customers and become part of our continued heritage. For more on Extraco's heritage, ask to see a copy of
Celebrating 100 Years: A Family Heritage of Touching Lives, a brief history of Extraco Corporation.
For more than 108 years, Extraco Banks has supported the local communities we call home. Today, the people of Extraco serve more than 350 community organizations on a corporate basis
as well as on an individual level. Our employees have given back with more than 600,000 volunteer hours over the last 10 years. And they have some wonderful stories to share about their experiences.
That’s what Go Local is all about. Here, everybody can:
- Share their stories.
- So many people in the Heart of Texas serve their neighbors in amazing ways, and they deserve to be celebrated. Plus, it just feels great to read good news.
- Spread the word.
- Through the Events Calendar, it’s easy to stay informed about volunteer opportunities, organizations that need support, and community-building activities right where you live.
When we strengthen the communities we serve, everybody wins. Go Local with Extraco today.
Visit Go Local
Extraco is an independent, family-owned community bank, with three generations of family management in its 108-year history. Unlike investment banks, Extraco accepts and holds deposits for checking and savings accounts from our Central Texas friends and neighbors. We are regulated by the Office of the Comptroller of the Currency (OCC), and we pay for FDIC insurance to cover your deposits.
Because of our conservative banking history, Extraco is one of the soundest financial institutions in America today. Here are a few reasons why:
- Sound Management – our leadership team is experienced, each having “survived and thrived” through the financial crisis of the 1980’s
- Sound Assets – we are a billion dollar bank; actually, $1.2 billion and growing
- Sound Capital – with over $100 million in capital, we have twice the tangible capital ratio of mega banks, positioning us well for any economic fluctuation
- Sound Balance Sheet – our reserves are in the 90th percentile of our peers
- Sound Choices – we know our customers, and we have a great heritage of conservative business practices to guide us in service to them
Extraco is an FDIC-insured bank. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1934, not one penny of insured funds has ever been lost by a customer of a federally insured bank.
What does this mean for you? Each Extraco depositor is insured to $250,000. There is no need for you to apply for or request FDIC insurance; each depositor is covered automatically.
The FDIC does provide separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts. Ask your Relationship Manager how to set up your accounts using these regulations to insure every dollar you entrust to us.
Want to know how your money is covered at Extraco and other FDIC-insured institutions? Go to Ask EDIE
Remember when banks used to publish their balance sheets once a week in the newspaper? Those days are long gone, but Extraco still produces an annual Statement of Condition that contains a consolidated balance sheet for the past year’s performance. Want to know how Extraco fared? Check out our last three years’ performance at the links below.
2012 Statement of Condition
2011 Statement of Condition
2010 Statement of Condition