Oakwood Bank

Oakwood Bank is bank headquartered in Dallas, Texas. The bank has 2 branches: one in Oakwood, Texas and one in Dallas, Texas. The bank is a subsidiary of Oakwood Bancshares, Inc., a bank holding company.

Oakwood Bank
TypePrivately held company
Founded1900; 122 years ago (1900)
HeadquartersOakwood, Texas
Key people
Roy J. Salley, CEO
Total assets$384 million (2019)
Total equity$42 million (2019)
Footnotes / references


The bank was founded in 1900[1] under the name Oakwood State Bank.

In 1958, Roddy Rawls Wiley, Jr. took over the bank after his father died.

In 2005, the bank received a "substantial noncompliance" rating for lack of compliance with the Community Reinvestment Act.[2]

In 2009, the bank was referred to as "America's Smallest Bank" as it had only $3 million in total assets and $2.13 million in total deposits.[3]

For most of its existence, in addition to Wiley, the bank had only 2 other employees, 76-year-old Lela Coates and 71-year-old Neta Eldridge. It had no automated teller machines.[4][5]

After the death of Wiley in 2010, the bank was acquired by Dorothy Cadenhead.

In April 2017, the bank raised $38 million in capital by selling a controlling stake to new management, allowing the bank to open a branch in Dallas, Texas. The bank also changed its name from "Oakwood State Bank" to "Oakwood Bank".[6]


  1. ^ a b "FDIC Bank Info: Oakwood Bank (FDIC # 10334)". Federal Deposit Insurance Corporation.
  2. ^ Adler, Joe (May 5, 2006). "Oakwood's CRA Problems Continue". American Banker.
  3. ^ Perry, Mark J. (August 28, 2009). "America's Smallest Bank: Oakwood Bank of Texas". American Enterprise Institute.
  4. ^ OWENS, RYAN (August 23, 2009). "Small-Town Texas Bank Still Open for Business After 100 Years". ABC News.
  5. ^ HARTMAN, STEVE (April 25, 2008). "The Bank Of Yesterday - Still Open". CBS News.
  6. ^ Prior, Jon (May 15, 2017). "Capital raise gives smallest bank in U.S. chance to expand to Dallas". American City Business Journals.