The First National Bank of Sonora was organized by E.R. Jackson in 1900, only 10 years after Sonora became a town. The move to organize a bank was deemed foolhardy by some who had already seen two financial institutions fail. The organizational meeting was held on May 3, 1900. The first directors elected at the meeting were: E.R. Jackson, President; W.L. Aldwell, Cashier; E.F. Vander Stucken, Vice President; W.E. Whitehead; George S. Allison; R.F. Halbert and D.A. Cauthorn.
The bank opened for business on Aug. 15, 1900, in the office of Mr. Vander Stucken’s general store, staying there a few days and then going to the Hagerlund Brothers’ store for two or three more weeks until a new building was completed.
In 1995, Sonora Bank expanded outside of Sonora to San Angelo, Texas, opening up the San Angelo Banking Center, located at 5710 Sherwood Way, and later another branch was opened at 5202 Southland Blvd. In early 2009, the bank opened the Boerne Banking Center, at 122 W. Bandera in Boerne. In mid-2016, a branch was opened in Bulverde at 512 Singing Oaks. In 2018, Sonora Bank opened the doors to its second Boerne location at 1570 River Road, and in late 2019 the seventh branch location was opened in Wimberley, located at 100 Stillwater.
The First National Bank of Sonora / San Angelo Banking Center / Boerne Banking Center, today collectively known as Sonora Bank, continues to be a family-owned community bank with many of the descendants of the original Board of Directors serving on the current Board. They are Ronald Cox, Edwin E. Sawyer III, Ben Pool, Israel Pena, Besa Martin, Jamie Akin and Bob Malone.
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
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