The State National Bank of Groom has a history that dates back to the early 20th Century. It grew out of a private banking enterprise in Groom that began in 1904. The original private bank was called Knorpp and Blasdel, Bankers. In 1905 J.W. Knorpp bought the Blasdel interest, and the name was changed to The Bank of Groom. It was reorganized into the State Bank of Groom in 1908. In 1925 the bank surrendered its State Charter and began operation as The State National Bank of Groom.
The bank survived the panic of 1907, the “Dust Bowl” era of the 1930s, two world wars, and reconstruction periods that followed. It was restructured in 2003, adding new shareholders and directors, and expanding by opening a branch in Amarillo.
During the one hundred plus years of the bank’s existence, it has had only seven presidents: John C. Knorpp, J.W. Knorpp, M.L. Steele, C.L. Culver, John D. Howard, Bobby Babcock, and Dusty Sloan the current president.
We will achieve this by consistently delivering superior service by utilizing our strengths, stability and commitment to customers.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154