Henderson Federal Savings Bank was chartered by the State of Texas on January 11, 1929 as Henderson Building and Loan Association. It was the vision of a group of local business men to provide a locally owned financial institution for the purpose of offering a safe place local investors could save and receive a generous return on their savings, and in turn furnish the citizens of Henderson and the surrounding counties financial assistance to purchase the home of their dreams. On December 13, 1934 the association received its charter of insurance from the Federal Savings and Loan Insurance Corporation (F.S.L.I.C.), and the name was changed to Henderson Federal Savings and Loan Association. At that time deposits were insured up to $5,000. On March 12, 1937 the association joined the Federal Home Loan Bank Board increasing its ability to offer affordable loans for local residential housing. Email id not found