Old picture of the Exporters and Traders Compress and Warehouse Co building. Waco, Texas.


Ever wonder where the name Extraco came from?

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 $1.3 billion in assets, enjoys 145,000 customers in 16 locations, participates in hundreds of volunteer community leadership roles, and, most importantly, employs almost 400 central Texans.

The company conducts business in 15 central Texas communities and offers trust, insurance, financial services, mortgage 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, along with our award winning and patent-pending SWARM® Banking.

Corporate Citizenship

A picture of a group of people in front of a house that they a building.

When we strengthen the communities we serve, everyone wins. That's why Extraco has a comprehensive and ongoing plan of community involvement, serving:

  • Churches and charitable organizations
  • Public and private education
  • Service clubs and professional organizations
  • Civic and municipal organizations, including libraries, fire departments and chambers of commerce

Many of our employees serve on boards and lend their expertise and energy to a wide variety of community pursuits.

Being a good neighbor will continue to be at the forefront of Extraco's philosophy as the corporation strives to expand service and increase our commitment to the communities we serve.

Financial Soundness

A bank vault door.

Extraco is an independent, family-owned community bank, with three generations of family management. 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, $1.3 billion and growing
  • Sound Capital – with over $150 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

Statement of Condition 2016
BauerFinancial Rating Logo

BauerFinancial Rating

Extraco's 5-star rating puts us at the top of our league in the banking industry. BauerFinancial is the #1 bank rating system in the U.S. today for financial strength and stability.

Bankrate Rating Logo

Bankrate Safe & Sound Rating1

The Bankrate Safe & Sound rating is only enjoyed by financial institutions earning three or more stars for strength and stability. Extraco’s 4-star rating means we bring our clients the best financial opportunities available.

FDIC Insurance

The more you know. the safer your money. FDIC.

Want to know how your money is covered at Extraco and other FDIC-insured institutions?

Go to Ask EDIE.

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.

1 Extraco Banks was awarded 4 stars in Bankrate.com’s Safe & Sound Ratings service for the quarter ended March 31st, 2016.

Extraco Banks

Got a question? 1.866.EXTRACO or 1.866.398.7226


Forgot username or password?